GNG Electronics Limited Enhances Working Capital Facility with DBS Bank India Ltd
GNG Electronics Limited announced on March 18, 2026, that it has entered into a supplemental agreement with DBS Bank India Ltd to enhance its existing working capital facilities. The agreement, effective March 18, 2026, increases the credit facility from INR 300,000,000 to INR 800,000,000. The additional facility will be utilized to meet the company’s working capital requirements.The agreement size is valued at INR 800,000,000. Currently, the outstanding loan amount is INR 254,000,000, secured by a pari passu charge on the company's current assets, both present and future.
Summary of Agreement Details:
| Particulars | Details |
|---|---|
| Party Involved | DBS Bank India Ltd |
| Purpose | Enhance working capital facility |
| Agreement Size | INR 800,000,000 |
| Shareholding | Nil |
| Related Party | No |
| Security Provided | Pari Passu Charge on Current Assets |
| Loan Agreement Execution Date | March 18, 2026 |
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