E2E Networks Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2026.
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E2E Networks Limited's Board approved incorporation of two Wholly Owned Subsidiaries (WOS) - one in India and one in Delaware, USA. The Indian WOS will focus on deploying large-scale GPU infrastructure and facilitating related funding arrangements, with an initial investment of Rs 1,00,000 (10,000 shares at Rs 10 each). The US subsidiary in Delaware will aim to provide enhanced access to international markets with an investment of USD 40,000 (40,000 shares at USD 1 each). Both entities will be 100% owned by E2E Networks. The incorporation process will begin within two weeks, subject to regulatory approvals.
The creation of these subsidiaries signals E2E Networks' strategic expansion into GPU infrastructure and international markets. This is a positive development for shareholders as it indicates growth ambitions, though the small initial investments suggest these are early-stage ventures.