E2E Networks Limited has informed the Exchange regarding Cessation of Mr as Non- Executive Independent Director of the company w.e.f. August 28, 2025.
E2E · price
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E2E Networks announced multiple board and corporate actions following its August 28, 2025 board meeting. Independent Director Mr. Naman Kailashprasad Sarawagi resigned citing personal and professional commitments, and Mr. Ashish Bhupendra Fafadia (a Chartered Accountant and Company Secretary with 17+ years in venture capital, associated with Blume) was appointed as Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. The board approved acquiring identified business assets of Jarvis Labs AI Private Limited, a Coimbatore-based GPU cloud infrastructure provider for AI/deep learning workloads, including IP, hardware, domain, and customers. The company also amended its ESOP 2021 scheme (extending maximum vesting period from 4 to 7 years) and appointed M/s. MAKS & Co. as Secretarial Auditors for five years (FY 2025-26 to 2029-30). The 16th AGM is scheduled for September 26, 2025.
The Jarvis Labs asset acquisition is a strategic move to strengthen E2E's AI/ML cloud offerings, which is positive for growth prospects. The director change is routine with an experienced replacement already lined up, and the new appointee's VC background could bring useful strategic perspective. ESOP amendments and auditor appointment are governance matters pending shareholder nod at the AGM.