Media Matrix Worldwide Limited has executed a Corporate Guarantee through a Deed of Corporate Guarantee in favor of Jio Credit Limited (formerly known as Jio Finance Limited). This guarantee secures fund-based credit facilities availed or to be availed by nexG Devices Private Limited, a subsidiary of the Company, to the extent of ₹25 Crores.
The Company holds 56.78% of the Paid-Up Share Capital of nexG Devices Private Limited. nexG is described as an established distribution and logistic house with a PAN-India footprint, specializing in sales and distribution of innovative products in mobility and IT across all states. The subsidiary 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 is made under Regulation 30 of the SEBI Listing Regulations and references SEBI Master Circular no. HO/49/14/14(7)2025 – CFD - POD2 / I/3762/2026 dated January 30, 2026.
Key Details
- Guarantee Amount: ₹25 Crores
- Beneficiary: Jio Credit Limited (formerly Jio Finance Limited)
- Purpose: Securing fund-based credit facilities for subsidiary nexG Devices Private Limited
- Transaction Nature: Arm's length basis
- Promoter Interest: Only through the Company's 56.78% shareholding in nexG, no additional interest
- Financial Impact: The corporate guarantee will be disclosed as contingent liabilities in the financial statements of Media Matrix Worldwide Limited