E2E Networks Limited has informed the Exchange regarding Outcome of Board Meeting held on August 28, 2025.
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E2E Networks held a board meeting on August 28, 2025 with multiple decisions. Independent Director Mr. Naman Sarawagi resigned citing personal and professional commitments, effective same day, with no material reasons flagged. In his place, Mr. Ashish Fafadia, a Chartered Accountant and Company Secretary with 17+ years in venture capital (associated with Blume Ventures), was appointed as Additional Non-Executive Independent Director for a 5-year term subject to shareholder approval. The board also approved acquiring identified assets of Jarvis Labs AI Private Limited, a Coimbatore-based GPU cloud infrastructure provider for AI and deep learning workloads, including IP, hardware, domain, and customers, to strengthen its AI/ML offerings. Additionally, the ESOP 2021 scheme was amended to extend the maximum vesting period from 4 to 7 years, and M/s. MAKS & Co. was appointed as Secretarial Auditor for five years (FY2025-26 to FY2029-30). The 16th AGM is scheduled for September 26, 2025.
The board changes appear routine — a single Independent Director exit with a qualified replacement already lined up, so no governance red flags for shareholders. The Jarvis Labs AI asset acquisition is strategically aligned with E2E's AI/cloud growth plans and could be a positive catalyst, though deal value was not disclosed. The ESOP amendment extending vesting timelines and the Secretarial Auditor appointment are administrative items requiring shareholder approval at the upcoming AGM.