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Jeet B Bhayani (SEBI RA)

23rd Mar · SEBI-Registered Analyst

GNG Electronics Limited has entered into a supplementary and amendatory contract with ICICI Bank Limited to improve its credit facility, raising the total limit from ₹40 crore to ₹72 crore to assist the company's working capital needs. The contract, signed on 10 March 2026, modifies the current facility agreement between the two parties. The formal agreement was received by the company on 23 March 2026, as stated in a regulatory filing sent to the stock exchanges. With the updated agreement, the overall facility amount is ₹720 million (₹72 crore). The financing will mainly be used to address the company’s working capital demands as a component of its operational funding needs. ICICI Bank Limited is the lender in the agreement, and GNG Electronics Limited is the borrower for the working capital facility..

ICICIBANK
EBGNG

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