GNG Electronics issued a press release to clarify and deny misleading statements circulating on social media regarding its credit rating and business operations.
The company highlighted CARE Ratings' independent upgrade of its credit rating to BBB on April 8, 2026, based on consolidated financials.
GNG clarified that promoter entity KKOC operates in separate, non-competing businesses and does not sell refurbished ICT devices.
The company affirmed its strong business fundamentals with no material related party transactions and a global distribution network of 4,700 touchpoints.