E2E Networks Limited has informed the Exchange regarding Appointment of Mr. Ashish Bhupendra Fafadia (DIN: 06663764) as Additional Non-Executive Independent Directorsubject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company w.e.f August 28,2025.
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E2E Networks' Board, at its August 28, 2025 meeting, approved several items. Independent Director Mr. Naman Sarawagi resigned due to personal and professional commitments, effective the same day. In his place, Mr. Ashish Fafadia — a Chartered Accountant and Company Secretary with 17+ years in venture capital (associated with Blume) — has been appointed as Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval at the upcoming AGM on September 26, 2025. The Board also approved the acquisition of identified business assets (IP, hardware, domain, customers) of Jarvis Labs AI Private Limited, a Coimbatore-based GPU cloud infrastructure provider for AI and deep learning workloads, to strengthen its AI/ML offerings. Additionally, the ESOP 2021 scheme was amended to extend the maximum vesting period from 4 to 7 years, covering 15 lakh equity shares, and M/s. MAKS & Co was appointed as Secretarial Auditor for five years (FY 2025-26 to 2029-30), pending shareholder approval.
The strategic acquisition of Jarvis Labs AI's GPU cloud assets signals E2E Networks' deeper push into the high-growth AI infrastructure segment, which could be positive for revenue and positioning. The director changeover appears orderly with a credible replacement, while the ESOP amendment extends vesting flexibility for talent retention — broadly neutral to mildly positive for shareholders.