Media Matrix Worldwide Limited has issued a corporate guarantee under Regulation 30 of SEBI Listing Regulations. The company executed a Deed of Corporate Guarantee in favour of SBICAP Trustee Company Limited to secure fund-based credit facilities availed or to be availed by its subsidiary, nexG Devices Private Limited, from State Bank of India.
The guarantee amount is ₹20 Crores (₹200 million). nexG Devices Private Limited is a 56.78% owned subsidiary of Media Matrix Worldwide Limited. The subsidiary is described as an established distribution and logistic house with PAN-India footprint, specializing in sales and distribution of innovative products in mobility and IT across all states. nexG caters to some of the largest retail chain outlets across diverse market segments and has strong capabilities in national and regional distribution across Modern Trade, General Trade, and Online Channels.
The disclosure confirms that the transaction is at arm's length basis, and except for the Company's shareholding in nexG, there is no other interest in the subsidiary. The corporate guarantee will be disclosed as contingent liabilities in the financial statements of Media Matrix Worldwide Limited.
The disclosure was made pursuant to SEBI Master Circular reference no. HO/49/14/14(7)2025 – CFD - POD2 / I/3762/2026 dated January 30, 2026. The document was digitally signed by Mohd Sagir, Company Secretary of Media Matrix Worldwide Limited.