03-Nov-2026 16:12:20

EBGNGGeneral news

EBGNG : BOARD APPROVES AED 30 MN GUARANTEE AND RS 60.15 CR ECLGS 5.0 LOANS

• Corporate guarantee to Abu Dhabi Islamic Bank PJSC raised to AED 30 million from AED 15 million for facilities of Electronics Bazaar (FZC), material subsidiary • Guarantee to National Bank of Ras Al Khaimah PJSC raised to AED 25 million from AED 15 million; Commercial Bank of Dubai raised to AED 30 million from AED 20 million • Fresh corporate guarantee of up to AED 30 million approved in favour of National Bank of Fujairah PJSC • Additional ECLGS 5.0 working capital term loans approved up to ₹39.95 Cr (HDFC Bank), ₹9.80 Cr (Kotak Mahindra Bank) and ₹10.40 Cr (ICICI Bank) • Company said the guarantees carry no impact besides disclosure as a contingent liability in the financial statements • Board also approved standalone and consolidated unaudited results for the quarter and half year ended September 30, 2026 with limited review reports Impact: Neutral (Higher guarantees expand contingent liabilities while ECLGS 5.0 loans add working capital for the material subsidiary)

GNG Electronics Limited

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