Media Matrix Worldwide Ltd — Important, 18-06-2026: Company Update

Media Matrix Worldwide Limited has replaced its corporate guarantee for its subsidiary, nexG Devices Private Limited, with Kotak Mahindra Bank. The new guarantee totals ₹40 Cr, reducing the previous exposure from ₹80 Cr. This move decreases the parent company's contingent liability related to nexG's fund-based and non-fund-based facilities. nexG, in which MMWL holds a 56.78% stake, is a prominent distributor in mobility and IT across India, and this financial backing supports its ongoing operations and market presence.