GNG Electronics subsidiary Electronics Bazaar FZC has entered into a 25-year tenancy contract for a refurbishment facility at Sharjah Airport International Free Zone (SAIF Zone), UAE, executed on October 14, 2026.

The tenancy contract was signed with the Government of Sharjah, represented by SAIF Zone. The lease has been undertaken to meet increasing operational requirements and to expand refurbishing capacity in the region. The facility lease commenced from September 24, 2026, and is subject to renewal on a yearly basis.

Key details of the leased premises

The following table outlines the key parameters of the leased facility:

Regulatory disclosure

GNG Electronics disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed with both the National Stock Exchange of India and BSE Limited. The disclosure was signed by Sarita Vishwakarma, Company Secretary and Compliance Officer of GNG Electronics.

GNG Electronics Limited promoter Vidhi S Khandelwal sold 34,20,345 equity shares on the National Stock Exchange (NSE) on September 30, 2026, for a total value of ₹230.80 crore. This on-market disposal reduced her holding in the company from 11.80% to 8.80%.

The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations), as well as Regulation 7(2) of the Prohibition of Insider Trading Regulations. The sale was executed entirely on the NSE, with the date of allotment advice and intimation to the company recorded as September 30, 2026.

Transaction details

The following table outlines the key parameters of the shareholding change:

Stake reduction impact

The sale represents a significant reduction in the promoter's equity stake, lowering the percentage of shares held by nearly 3 percentage points. The absolute number of shares held by Vidhi S Khandelwal decreased from over 1.34 crore to approximately 1 crore following the transaction. The disclosure confirms the shares were equity shares, with no other securities involved in this specific trade.

What the Numbers Show

The transaction reduced the promoter's voting capital holding by exactly 3.00%, bringing it down to 8.80%. When viewed against the company's total diluted share capital, which includes ESOPs, the post-transaction diluted holding stands at 8.74%. This indicates that while the voting stake remains above the 5% threshold requiring continuous disclosure under SAST regulations, the promoter has significantly diluted her influence relative to the fully diluted equity base.