NewsMedia Matrix Worldwide Issues Corporate Guarantee of ₹20 Crores for Subsidiary nexG DevicesMedia Matrix Worldwide Issues Corporate Guarantee of ₹20 Crores for Subsidiary nexG Devices
Media Matrix Worldwide Limited has executed a Deed of Corporate Guarantee of ₹20 Crores in favour of SBICAP Trustee Company Limited to secure fund-based credit facilities for its subsidiary nexG Devices Private Limited from State Bank of India. The company holds 56.78% of the paid-up share capital of nexG Devices, which operates as a PAN-India distribution and logistics company in the mobility and IT segments. The transaction has been conducted on an arm's length basis, and the guarantee will be reflected as a contingent liability in the company's financial statements.
*this image is generated using AI for illustrative purposes only.
Media Matrix Worldwide Limited has informed its stakeholders of the issuance of a corporate guarantee of ₹20 Crores on behalf of its subsidiary, nexG Devices Private Limited. The company executed a Deed of Corporate Guarantee in favour of SBICAP Trustee Company Limited to secure fund-based credit facilities availed or to be availed by nexG Devices from State Bank of India. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Subsidiary Profile and Shareholding
Media Matrix Worldwide holds 56.78% of the paid-up share capital of nexG Devices Private Limited. nexG Devices is described as an established distribution and logistics house with a PAN-India footprint, specialising in the sales and distribution of a wide range of innovative products in mobility and IT across all states. The subsidiary caters to some of the largest retail chain outlets across diverse market segments and maintains strong capabilities in national and regional distribution across Modern Trade, General Trade, and Online Channels.
Corporate Guarantee Details
The key details of the corporate guarantee, as disclosed under the SEBI Master Circular bearing reference no. HO/49/14/14(7)2025 – CFD - POD2 / I/3762/2026 dated January 30, 2026, are summarised below:
| Parameter: | Details |
|---|---|
| Beneficiary of Guarantee: | SBICAP Trustee Company Limited |
| Party on Behalf of Whom Guarantee is Given: | nexG Devices Private Limited (subsidiary) |
| Lender: | State Bank of India |
| Amount of Guarantee: | ₹20 Crores |
| Nature of Credit Facility: | Fund-based credit facilities |
| Basis of Transaction: | Arm's length |
| Financial Statement Impact: | Disclosed as contingent liabilities |
Promoter Interest and Arm's Length Basis
The company confirmed that nexG Devices is a subsidiary of Media Matrix Worldwide, and that apart from the extent of the company's shareholding in nexG Devices, there is no other interest in the subsidiary. The corporate guarantee has been issued on an arm's length basis. The guarantee will be disclosed as a contingent liability in the financial statements of Media Matrix Worldwide Limited, in accordance with applicable accounting standards.
Historical Stock Returns for Media Matrix Worldwide
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.72% | -2.21% | +0.96% | +25.78% | +25.78% | +25.78% |
How will the ₹20 Crore contingent liability impact Media Matrix Worldwide's debt-to-equity ratio and overall credit rating in the coming fiscal quarters?
What specific expansion strategies or inventory requirements is nexG Devices pursuing that necessitate this increase in fund-based credit facilities?
Given the arm's length nature of the transaction, how does this guarantee structure affect the financial independence and risk isolation between the parent company and its subsidiary?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
