GNG Electronics Limited Enhances Working Capital Facility with ICICI Bank
GNG Electronics Limited announced on March 23, 2026, that it has entered into a supplemental and amendatory agreement with ICICI Bank Limited. The agreement, executed on March 10, 2026, enhances the overall limits from 400 million Indian Rupees to 720 million Indian Rupees.The facility will be utilized to meet the working capital requirements of the company. A tabular representation of the agreement details is provided below:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of parties | ICICI Bank Ltd |
| 2 | Purpose | Meeting working capital requirements |
| 3 | Size of agreement | 720,000,000 Indian Rupees |
| 4 | Shareholding | Nil |
| 5 | Significant terms | The agreement does not contain terms relating to the right to appoint directors, the first right share subscription in the event of issuance of shares, or the right to restrict any changes to the capital structure. |
| 6 | Related party status | No |
| 7 | Related party transaction | No |
| 8 | Share issuance details | Not Applicable |
| 9 | Loan details | Lender: ICICI Bank Ltd, Nature: Working Capital Facility, Amount: 720 million Indian Rupees, Outstanding: 380 million Indian Rupees, Date of execution: March 10, 2026, Security: Pari Passu Charge on Current assets and Receivables and exclusive charge on Fixed Deposit |
| 10 | Other disclosures | NA |
| 11 | Termination/Amendment details | NA |
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