GNG Electronics Ltd

GNG Electronics Limited informed the National Stock Exchange of India Limited and BSE Limited that the register of members and share transfer register will remain closed from September 18, 2026, to September 24, 2026, for the purpose of the company's 20th Annual General Meeting.

GNG Electronics Limited informed the National Stock Exchange of India Limited and BSE Limited that its board approved the re-appointment of Mr. Ajay Pancholi as a director, retiring by rotation, and appointed M/s. N N J & Co as Secretarial Auditor for five consecutive years starting from fiscal year 2026-27. The board also approved material related-party transactions involving GNG Electronics Limited and Electronics Bazaar FZC, with transaction values up to Rs 8200 million for goods or services, and up to Rs 2000 million each for personal guarantees to Sharad Khandelwal and Vidhi S Khandelwal. The 20th Annual General Meeting is scheduled for September 24, 2026, via video conferencing.

GNG Electronics Limited, India’s largest refurbisher of laptops and desktops, announced its unaudited financial results for the quarter ended June 30, 2026, reporting revenue from operations of Rs 412.5 crore, a 32.1% year-over-year increase. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose to Rs 52.9 crore, up 50.4% year-over-year, with a margin of 12.8%, while profit after tax (PAT) reached Rs 28.9 crore, a 56.2% increase, with a margin of 7.0%. GNG Electronics also deepened its engagement with channel partners and expanded its reach to 49 countries, increasing customer touchpoints to over 5,100, and entered into a strategic partnership with Redington Limited.

Net profit of GNG Electronics rose 56.21% to Rs 28.93 crore in the quarter ended June 2026 as against Rs 18.52 crore during the previous quarter ended June 2025. Sales rose 32.08% to Rs 412.46 crore in the quarter ended June 2026 as against Rs 312.28 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales412.46312.28 32 OPM %11.9710.35 - PBDT39.0224.51 59 PBT35.7422.47 59 NP28.9318.52 56 Powered by Capital Market - Live

GNG Electronics Limited disclosed a monitoring agency report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited, indicating no deviation from the objects of the initial public offering. The company utilized Rs 220.00 crore for debt repayment of the company and Rs 100.00 crore for debt repayment of its material subsidiary, Electronics Bazaar FZC, as part of the Rs 400.00 crore IPO proceeds. Additionally, Rs 46.42 crore was allocated to general corporate purposes, and Rs 33.58 crore was used for issue expenses, with a remaining balance of Rs 3.63 crore held in a bank account.

GNG Electronics will hold a meeting of the Board of Directors of the Company on 30 July 2026.

The partnership would result in nationwide distribution of GNG's professionally refurbished laptops, desktops and enterprise computing systems across India. Under the agreement, Redington will leverage its extensive pan-India distribution network across Tier-1, Tier-2 and Tier-3 markets to distribute GNG's refurbished ICT portfolio through its established ecosystem of resellers, channel partners and system integrators. The partnership is expected to strengthen GNG's presence across enterprise, education and institutional customers, while improving the availability of warranty-backed refurbished devices through one of India's largest ICT distribution platforms. The company expects the collaboration to enhance distribution velocity, expand geographic reach and support the formalization of the organized refurbished ICT market. The partnership also aligns with GNG's channel-led expansion strategy and is expected to strengthen its leadership position in India's growing refurbished electronics segment. GNG Electronics is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2026. The company refurbished nearly 7.27 lakh devices in FY26, offering a portfolio of SKUs including laptops, desktops, tablets, servers, premium smartphones, workstations, and accessories. The company's consolidated net profit surged 185.89% to Rs 42.14 crore in Q4 FY26 from Rs 14.74 crore posted in Q4 FY25. Revenue from operations jumped 42.98% YoY to Rs 651.65 crore in Q4 FY26. Powered by Capital Market - Live

The transaction was executed on 11 June 2026, involving the sale of 44,87,203 equity shares, each with a face value of Rs 2, at a price of Rs 390 per share. Several institutional investors participated in the transaction. Goldman Sachs Asia Equity Portfolio acquired 6,41,031 shares, while Motilal Oswal Equity Opportunities Fund Series II purchased 6,41,027 shares. Other buyers included Mirae Asset Mutual Fund (6,41,032 shares), ITI Mutual Fund (6,41,029 shares), Edelweiss Mutual Fund (6,41,028 shares), Trust Mutual Fund (6,41,030 shares), MCP Emerging Markets Fund LP (1,45,662 shares), and Mobius Investment Trust (4,95,364 shares). Following the stake sale, the shareholding of the promoter and promoter group in GNG Electronics declined from 78.71% to 74.77% of the company's paid-up equity share capital, achieveing the minimum public shareholding requirements prescribed under regulatory norms. GNG Electronics is India's largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2026. The company refurbished nearly 7.27 lakh devices in FY26, offering a portfolio of SKUs including laptops, desktops, tablets, servers, premium smartphones, workstations, and accessories. The company's consolidated net profit surged 185.89% to Rs 42.14 crore in Q4 FY26 from Rs 14.74 crore posted in Q4 FY25. Revenue from operations jumped 42.98% YoY to Rs 651.65 crore in Q4 FY26.Powered by Capital Market - Live

GNG Electronics will hold a meeting of the Board of Directors of the Company on 5 May 2026.

Naksh Precious Metals Ltd, Investment & Precision Castings Ltd, Signet Industries Ltd and BIGBLOC Construction Ltd are among the other losers in the BSE's 'B' group today, 22 April 2026.GNG Electronics Ltd tumbled 10.00% to Rs 373.55 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 42984 shares were traded on the counter so far as against the average daily volumes of 19193 shares in the past one month.Naksh Precious Metals Ltd crashed 9.41% to Rs 3.85. The stock was the second biggest loser in 'B' group.On the BSE, 31071 shares were traded on the counter so far as against the average daily volumes of 8817 shares in the past one month.Investment & Precision Castings Ltd lost 7.33% to Rs 628. The stock was the third biggest loser in 'B' group.On the BSE, 12545 shares were traded on the counter so far as against the average daily volumes of 4661 shares in the past one month.Signet Industries Ltd plummeted 6.78% to Rs 48.7. The stock was the fourth biggest loser in 'B' group.On the BSE, 7380 shares were traded on the counter so far as against the average daily volumes of 2673 shares in the past one month.BIGBLOC Construction Ltd dropped 6.64% to Rs 47.23. The stock was the fifth biggest loser in 'B' group.On the BSE, 9460 shares were traded on the counter so far as against the average daily volumes of 12382 shares in the past one month.