Media Matrix Worldwide Ltd — Important, 01-07-2026: Company Update
01-07-2026 | 05:52 pm
01-07-2026 | 05:52 pm
The Company has provided a Corporate Guarantee of ₹50 Cr to Yes Bank Limited for its subsidiary, nexG Devices Private Limited. This new guarantee replaces a previous one of ₹70 Cr, effectively reducing the company's contingent liability. nexG, in which the Company holds 56.78%, is a significant distribution and logistics player across India in mobility and IT products. This support enables nexG to secure necessary financing for its business operations, which serve large retail chains and diverse market segments.
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