GNG Electronics Limited has informed the Exchange about appointment of Internal Auditor for F.Y. 2025-26
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GNG Electronics reported strong Q2 FY26 results with standalone revenue rising 55% year-on-year to ₹2,190 million and profit after tax tripling to ₹77.7 million. Consolidated revenue for the quarter reached ₹4,399 million with PAT of ₹326.6 million. The company appointed Ms. Ashita Pandya (Head of Accounts – India) as Internal Auditor for FY 2025-26. The Board approved enhancing credit facilities from HDFC Bank from ₹149.5 crore to ₹283.5 crore, including an additional standby letter of credit of ₹82 crore. Corporate guarantee for Dubai subsidiary Electronics Bazaar FZC was doubled from AED 10 million to AED 20 million. A material related party transaction of up to ₹300 crore with the same subsidiary for sales of goods was approved, subject to shareholder nod. The company also ratified its pre-IPO ESOP scheme and took new office premises on lease in Navi Mumbai for 60 months.
Strong revenue and profit growth signals robust business momentum, likely to be viewed positively by investors. However, the substantial increase in debt and corporate guarantees for the Dubai subsidiary warrants a closer look at consolidated leverage and subsidiary-level risk exposure.