GNG Electronics Limited has strengthened its financial flexibility by enhancing its working capital facilities through a revised agreement with Kotak Mahindra Bank.
The company informed exchanges that it has entered into a supplemental agreement dated March 16, 2026, modifying its earlier Master Facility Agreement signed on July 26, 2024. This move increases the overall borrowing limit from ₹51 crore to ₹75 crore, reflecting the company’s growing operational requirements.
The enhanced facility will primarily be used to meet working capital needs, ensuring smoother day-to-day business operations and supporting future growth initiatives.
As part of the revised terms, the agreement also allows interchangeability between various credit facilities, giving the company greater flexibility in managing its finances efficiently.
The working capital loan of ₹75 crore is backed by a first pari passu hypothecation charge on all existing and future receivables and current assets of the company. Notably, there are no special rights granted to the lender, such as board representation or restrictions on the company’s capital structure.
The company also clarified that Kotak Mahindra Bank is not related to its promoter or promoter group, and the transaction does not fall under related party transactions.