GNG Electronics Ltd

📢 GNG Electronics Addresses Misleading Claims & Shares Key Business Updates

- CARE Ratings upgraded GNG's credit rating to BBB on April 8, 2026, based on consolidated financials including subsidiaries.

- KKOC is a promoter group entity with a separate credit rating and operates in non-competing businesses—not in refurbished ICT devices.

- KKOC uses the 'Electronics Bazaar' seller name on Amazon for legacy reasons but does not sell products under the 'Electronics Bazaar' brand, which belongs exclusively to GNG.

- GNG has no material related party transactions; all applicable transactions are disclosed as per regulations.

- GNG is a leading global refurbisher of ICT devices with a presence in India, Middle East, United States, Europe, and a distribution network of over 4,700 touchpoints across 44 countries.

- The company denies social media claims, stating they are based on outdated information and lack proper context.