Media Matrix issues ₹50 Cr guarantee to Yes Bank for nexG Devices

media matrix worldwide has issued a corporate guarantee of ₹50 Crores to Yes Bank Limited on behalf of its subsidiary, nexG Devices Private Limited. This financial commitment substitutes an earlier corporate guarantee of ₹70 Crores, reducing the company's exposure. The guarantee secures various fund-based and non-fund-based facilities availed or to be availed by the subsidiary.

The company executed a Supplemental and Amendatory Deed of Guarantee to formalize this arrangement. Media Matrix Worldwide Limited holds 56.78% of the paid-up share capital of nexG Devices Private Limited. nexG operates as a distribution and logistics house with a PAN-India footprint, specializing in the sales and distribution of innovative products in mobility and IT sectors across all states.

The subsidiary caters to large retail chain outlets and possesses strong capabilities in national and regional distribution through Modern Trade, General Trade, and Online Channels. The transaction was conducted at arm’s length, with no other interest in the subsidiary beyond the company's shareholding.

The corporate guarantee will be disclosed as a contingent liability in the financial statements of Media Matrix Worldwide Limited. The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Guarantee

S. No.	Particulars	Remarks
a)	Name of party for which guarantee was given	nexG Devices Private Limited, a subsidiary of the Company.
b)	Interest of promoter/group companies	Yes, nexG is a subsidiary of the Company. The Corporate Guarantee is at arm’s length basis.
c)	Brief details of guarantee	Supplemental and Amendatory Deed of Guarantee executed in favour of Yes Bank Limited for ₹50 Crores, substituting earlier guarantee of ₹70 Crores.
d)	Impact on listed entity	Disclosed as contingent liabilities in the financial statements of the Company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.27%	+1.96%	+2.81%	+24.22%	+24.22%	+24.22%

Media Matrix Worldwide Ltd has issued a corporate guarantee of ₹40 Crores in favour of Kotak Mahindra Bank Limited to secure facilities availed by its subsidiary, nexG Devices Private Limited. This new guarantee substitutes an earlier corporate guarantee of ₹80 Crores provided by the company. The guarantee will be recorded as a contingent liability in the financial statements of Media Matrix Worldwide Ltd.

The company holds 56.78% of the paid-up share capital of nexG Devices Private Limited. nexG operates as a distribution and logistics house with a PAN-India footprint, specializing in the sales and distribution of mobility and IT products across various market segments including Modern Trade, General Trade, and Online Channels.

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details are in compliance with the SEBI Master Circular bearing reference no. HO/49/14/14(7)2025 – CFD - POD2 / I/3762/2026 dated January 30, 2026.

The transaction involves an interest as nexG is a subsidiary of the company, but the corporate guarantee has been given on an arm’s length basis. Apart from the shareholding, there are no other interests reported in the subsidiary.

Key Details of the Guarantee

Particulars	Details
Name of party	nexG Devices Private Limited, a subsidiary of the Company.
Promoter/Group interest	Yes, nexG is a subsidiary. The guarantee is at arm’s length.
Guarantee details	Corporate Guarantee extended to Kotak Mahindra Bank Limited for fund and non-fund-based facilities availed by nexG. Amount: ₹40 Crores (substituting earlier ₹80 Crores).
Impact	Disclosed as contingent liabilities in the financial statements of the Company.