Investment18 Mar 2026, 08:02 pm
GNG Electronics Limited Enhances Credit Facilities with DBS Bank India Ltd
AI Summary
GNG Electronics Limited has executed a Supplemental Working Capital Facilities Agreement with DBS Bank India Ltd, enhancing the existing credit facilities from INR 300,000,000 to INR 800,000,000. The facility will be utilized for meeting the working capital requirements of the company. The agreement does not contain terms relating to the right to appoint directors, the first right share subscription, or the right to restrict any changes to the capital structure. The agreement was executed on March 18, 2026.
Key Highlights
- GNG Electronics Limited has enhanced its credit facilities with DBS Bank India Ltd.
- The existing credit facilities have been increased from INR 300,000,000 to INR 800,000,000.
- The facility will be used for meeting the working capital requirements of the company.
- The agreement does not contain terms relating to the right to appoint directors, the first right share subscription, or the right to restrict any changes to the capital structure.
- The agreement was executed on March 18, 2026.