GNG Electronics Limited has successfully concluded its postal ballot process with all four resolutions receiving requisite majority approval from shareholders. The company announced the voting results on January 16, 2026, following the completion of e-voting that ended on January 15, 2026.

Voting Results Overview

The postal ballot process witnessed strong shareholder participation, with 55,863 total members on record as of the cut-off date. All four critical resolutions were passed with overwhelming support from shareholders.

ESOP Scheme Approvals

Both ESOP-related resolutions received strong endorsement from shareholders, with 96.20% voting in favour. The Electronics Bazaar Employees Stock Option Scheme 2024 has been successfully aligned with SEBI regulations and extended to subsidiary companies.

Material Related Party Transactions Approved

Shareholders overwhelmingly approved both material RPT resolutions with 97.39% support, enabling transactions worth ₹550.00 crores during FY 2025-26.

Voting Participation Analysis

The e-voting process demonstrated strong institutional and retail investor engagement across all shareholder categories.

Corporate Governance Excellence

The postal ballot process was conducted under the supervision of M/s. Nishant Bajaj & Associates as scrutinizer, ensuring transparency and compliance with regulatory requirements. The company utilized Bigshare Services Private Limited for e-voting platform services.

The successful completion of the postal ballot process strengthens GNG Electronics' strategic initiatives, particularly in employee incentivization through ESOP schemes and business expansion through approved related party transactions. The strong shareholder support across all resolutions reflects confidence in the company's growth strategy and governance practices.

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.