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 leading player in the refurbished ICT devices sector, has reported robust financial results for Q2 FY26, demonstrating significant growth and expansion in its global operations.

Financial Highlights

• Q2 FY26 revenue reached Rs. 4,399.00 million, marking a 41% sequential increase and 25% year-over-year growth.
• H1 FY26 consolidated revenue stood at Rs. 7,522.00 million, representing 24% year-over-year growth.
• Gross margin improved to 19.90% in Q2 FY26 from 14.50% in Q2 FY25.
• EBITDA for Q2 FY26 rose to Rs. 467.81 million with a margin of 10.63%.
• Profit after tax for Q2 FY26 stood at Rs. 326.00 million, reflecting a 42% year-over-year growth.

Operational Highlights

Strategic Developments

GNG Electronics is positioning itself to capitalize on the growing demand for AI-driven computing. The company plans to enter infrastructure-level refurbishment, enabling the delivery of AI-ready computing systems, server storages, and high-end desktops at affordable and sustainable cost points for global enterprises.

Brand Growth

The company's proprietary brand, Electronics Bazaar, now contributes 97% of revenue, with 100% of revenue backed by comprehensive warranty coverage. This reinforces customer trust and brand reliability in the refurbished ICT devices market.

Global Expansion

GNG Electronics has secured long-term spaces across India (primarily Mumbai), UAE, and the United States. These facilities will serve as high-capacity refurbishment and testing centers for advanced computing systems, including servers, data centers, hardware, and enterprise-grade IT infrastructure.

Financial Position

The company's net debt position improved to Rs. 158.00 crores following IPO proceeds utilization for debt repayment. This strengthened financial position is expected to support future growth initiatives.

Market Outlook

With the rise of AI and data-intensive workloads, GNG Electronics is well-positioned to benefit from the increasing demand for refurbished high-performance computing devices. The company's expansion into AI-ready systems aligns with global trends towards sustainable and affordable computing solutions.

GNG Electronics' strong Q2 and H1 FY26 performance, coupled with its strategic initiatives in the AI-driven computing space, positions the company for continued growth in the evolving global technology landscape.