E2E Networks Limited has informed the Exchange about Action(s) initiated or orders passed
E2E · price
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E2E Networks Limited has disclosed receiving an order from the Collector of Stamps, Government of NCT of Delhi, dated May 14, 2026. The order determines a stamp duty liability of Rs. 1,27,92,189 along with a penalty of Rs. 1,25,00,000, totaling Rs. 2,52,92,189. This relates to the company's issuance of shares in dematerialized form between 2021 and 2025. The dispute centers on whether stamp duty was correctly paid through depositories (NSDL/CDSL) versus a separate state-level liability under Delhi's stamp laws. The company contests this, stating it paid stamp duty as per Section 9A(1) of the Indian Stamp Act through the prescribed depository mechanism. E2E Networks has already filed a writ petition before the Hon'ble Delhi High Court, which is currently under judicial consideration.
The financial impact of approximately Rs. 2.53 crore remains contingent on the outcome of the ongoing writ petition before the Delhi High Court. Until the court rules, the liability is disputed and not finalized.