E2E Networks Limited has informed the Exchange regarding Outcome Board meeting held on September 29, 2025.
E2E · price
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E2E Networks' board has approved a fundraise of up to Rs. 1,000 crores through public offerings, rights issue, or a Qualified Institutions Placement (QIP), with the mode and pricing left to the Board's discretion. To support this, the company proposes doubling its authorised share capital from Rs. 25 crores (2.5 crore equity shares) to Rs. 50 crores (5 crore equity shares), subject to shareholder approval. The board also cleared the re-appointment of Managing Director Tarun Dua and Whole-Time Director Srishti Baweja, both for a five-year term starting January 31, 2026. A postal ballot notice has been issued to seek shareholder consent for all of the above resolutions.
The proposed Rs. 1,000 crore raise is very large relative to the company's existing authorised capital of Rs. 25 crores, signaling significant potential dilution for existing shareholders. Pricing, timing, and the chosen route (QIP, rights, or public offer) are yet to be decided, which means the actual impact on stock price will depend on these details and the company's use of funds.