GNG Electronics Limited has announced several key decisions following its board meeting on November 4, 2025, including significant enhancements to its credit facilities, a material related party transaction, and the release of its Q2 financial results.

Credit Facility Enhancement

The board has approved an increase in the existing credit facilities from HDFC Bank Limited. The details are as follows:

This substantial increase in credit facilities may provide GNG Electronics with greater financial flexibility for its operations and growth initiatives.

Material Related Party Transaction

The board has approved a material related party transaction with its subsidiary, Electronics Bazaar FZC. The transaction involves:

• Nature of Transaction: Sales of goods or services
• Maximum Value: Up to ₹300 Crore

This transaction is subject to shareholder approval and is classified as material under Regulation 23 of SEBI (LODR) Regulations, 2015.

Corporate Guarantee Enhancement

GNG Electronics has also approved an increase in its corporate guarantee for its material subsidiary, Electronics Bazaar (FZC):

• Previous Guarantee: AED 10 million
• New Guarantee: AED 20 million
• Beneficiary: Dubai Islamic Bank

This enhancement is to secure the banking financing facilities availed by Electronics Bazaar (FZC).

Other Key Decisions

1. ESOP Scheme Ratification: The board has approved the ratification of the PRE-IPO ESOP Scheme 'Electronics Bazaar Employees Stock Option Scheme – 2024', subject to shareholder approval.

2. Internal Auditor Appointment: Ms. Ashita Pandya, Head of Accounts – India, has been appointed as the Internal Auditor for the financial year 2025-2026.

3. Lease Agreement: The company has approved taking premises on lease from Raheja Universal (Pvt.) Limited. The lease covers 23,842 sq. ft. of carpet area in the IT Incubation Centre, Raheja District, Navi Mumbai, for a period of 60 months from November 1, 2025, to October 31, 2030.

Q2 Financial Results

GNG Electronics reported strong financial performance for the second quarter:

• Consolidated Net Profit: ₹326.60 million, up from ₹185.20 million in the same period last year, representing a 76% increase.
• Revenue: Increased to ₹4.40 billion from ₹3.12 billion year-over-year.
• EBITDA: Rose to ₹465.40 million compared to ₹323.10 million previously.
• EBITDA Margin: Improved slightly to 10.58% from 10.35% in the corresponding quarter last year.

These decisions and financial results reflect GNG Electronics' efforts to strengthen its financial position, improve corporate governance, and expand its operational capabilities.

GNG Electronics Limited , a prominent player in the electronics industry, has announced a significant expansion of its operations in the United Arab Emirates (UAE) through its material subsidiary, Electronics Bazaar (FZC).

New Facility in Ajman

Electronics Bazaar BLC, a branch of Electronics Bazaar (FZC), has signed a Facility Lease Agreement with Free Zones Authority - Ajman for a new space in Ajman, UAE. The key details of the lease are as follows:

• Location: Ajman, UAE
• Lease Area: 1,017 square meters (10,943 square feet)
• Lease Tenure: One year, from September 26, 2025, to September 25, 2026 (renewable annually)

This strategic move aims to meet the increasing operational requirements and enhance the company's refurbishing and storage capacity in the region.

Additional Expansion in Sharjah

In addition to the Ajman facility, GNG Electronics has secured additional refurbishment facilities at Sharjah Airport International Free Zone, totaling 750 square meters (8,073 square feet).

Expanded Footprint

With these new additions, GNG Electronics has significantly increased its presence in the UAE:

Strategic Implications

This expansion is a clear indication of GNG Electronics' commitment to strengthening its position in the UAE market. The increased refurbishment and storage capacity is likely to enhance the company's operational efficiency and ability to meet growing demand in the region.

Sarita Vishwakarma, Company Secretary & Compliance Officer of GNG Electronics Limited, confirmed the development in a regulatory filing, stating that the lease has been undertaken to meet increasing operational requirements and expand refurbishing and storage capacity in the region.

As GNG Electronics continues to grow its footprint in the UAE, investors and industry observers will be keen to see how this expansion translates into business growth and market share in the competitive electronics sector.