GNG Electronics Limited has taken a step to strengthen its financial position by revising its existing arrangement with Kotak Mahindra Bank. The move is aimed at enhancing the company’s access to short-term funding required for operational needs.
Under the updated arrangement, the company has increased its overall borrowing limit from ₹51 crore to ₹75 crore.
This enhancement is designed to provide greater flexibility in managing working capital requirements as the business continues to expand.
The revised structure also allows interchangeability across various credit facilities, enabling the company to deploy funds more efficiently depending on its operational needs.
This flexibility can help in better cash flow management, especially in businesses where working capital cycles are dynamic and require timely access to funds.
The facility is structured as a working capital loan with a sanctioned limit of ₹75 crore. To secure the borrowing, the company has created a first pari passu charge on its current assets, including both present and future receivables.
This ensures that the lender has a claim over these assets in line with standard lending practices.
At the time of execution of the agreement, there was no outstanding amount under the facility. The arrangement follows a conventional structure and does not include any provisions related to changes in ownership, management control, or capital structure.
GNG Electronics Limited, known for operating the platform electronicsbazaar.com, is engaged in the electronics refurbishment and distribution business. The company focuses on extending the lifecycle of electronic devices while catering to both domestic and international markets.
With a growing presence in the electronics value chain, the company continues to focus on operational efficiency, inventory management, and scalable business processes to drive growth.
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As of 18 March 2026, at 12:45 PM, GNG Electronics share price is trading at ₹392.05 per share, reflecting a gain of 4.16% from the previous closing price. Over the past month, the stock has gained by 13.23%.
The enhancement of the working capital facility provides GNG Electronics with improved liquidity support, enabling it to manage its operational requirements more effectively while supporting ongoing business expansion.
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Published on: Mar 18, 2026, 1:57 PM IST
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