E2E Networks Limited has informed the Exchange regarding Notice of Postal Ballot
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E2E Networks has sent a postal ballot notice to shareholders (e-voting from October 1 to October 30, 2025) seeking approval for four special businesses. First, the company wants to double its authorized share capital from Rs. 25 crore to Rs. 50 crore (5 crore equity shares of Rs. 10 each). Second, it is seeking approval to raise up to Rs. 1,000 crores through a Qualified Institutions Placement (QIP), Rights Issue, FPO, or any other permissible mechanism — the capital hike appears aimed at facilitating this raise. Third, re-appointment of Managing Director Mr. Tarun Dua for five years (January 31, 2026 to January 30, 2031) with remuneration that may exceed 2.5% of net profits. Fourth, re-appointment of Whole Time Director Ms. Srishti Baweja for the same five-year term on similar remuneration terms. Voting will be conducted electronically via MUFG Intime, with the cut-off date set as September 26, 2025.
The Rs. 1,000 crore fund-raising proposal is the biggest item for shareholders — if approved and executed, it could lead to significant equity dilution, though it would provide capital for expansion, debt repayment, or acquisitions. The authorized capital hike is a necessary precursor to this raise. The director re-appointments ensure leadership continuity but lock in remuneration that could exceed 2.5% of net profits regardless of profitability.