E2E Networks Limited — Capital/Financing Update 2025

May 15, 2025

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E2E Networks Limited

CIN- L72900DL2009PLC341980

1st Floor, A-24/9, Mohan Cooperative Industrial Estate Mathura Road, New Delhi-110044, Phone No. +91-11-4084-4964

Email : cs@e2enetworks.com, website https://www.e2enetworks.com/

Date: May 15, 2025

Listing & Compliance Department The National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra-400051

Ref: NSE Symbol- E2E

Sub: Statement of deviation or variation in the use of proceeds of Preferential Issue under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

Dear Sir/Madam,

Pursuant to Regulation 32 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, it is hereby confirmed that during the quarter ended March 31, 2025, there are no deviation or variation in the use of proceeds of the Preferential Issue of Equity Shares from the objects of such Preferential Issue as stated in the explanatory statement to the notice of Annual General Meeting held on September 11, 2024 and Extra-Ordinary General Meeting held on November 27, 2024.

A Statement confirming that there is no deviation or variation in the utilization of the proceeds from the aforesaid Preferential Issue has been duly reviewed by the Audit Committee is enclosed as Annexure ‘A’ & ‘Annexure-B’

The aforesaid information shall also be made available on the website of the Company at https://www.e2enetworks.com/.

Kindly take this on record.

Thanking You,

Yours faithfully,

For E2E Networks Limited

Digitally signed RONIT by RONIT Date: 2025.05.15 16:35:01 +05'30'

Ronit Company secretary & Compliance Officer ICSI M. No.: A59215

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E2E Networks Limited

CIN- L72900DL2009PLC341980

1st Floor, A-24/9, Mohan Cooperative Industrial Estate Mathura Road, New Delhi-110044, Phone No. +91-11-4084-4964

Email : cs@e2enetworks.com, website https://www.e2enetworks.com/

Annexure-A Statement of Deviation/Variation in utilization of funds Raised

Name oftheListedEntity	E2E NetworksLimited
Mode of FundRaising	Preferential Allotment
Date of RaisingFunds	September 21,2024
AmountRaised	Rs. 405.66 Crore
ReportfiledforQuarterended	March31,2025
MonitoringAgency	Applicable
MonitoringAgencyName,ifapplicable	CareRatingsLimited
Is there aDeviation/ Variation inuse of fundsraised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Not Applicable
If Yes,Date ofshareholder Approval	NotApplicable
Explanation fortheDeviation/ Variation	NotApplicable
Comments oftheAudit Committee after review	No Comments
Comments ofthe auditors,ifany	No Comments

Objects for which funds have been raised and where there has been a deviation

Original Objects	Modified Object, if any	Original Allocation (Rs. In Crores)	Modified allocation, if any	Funds Utilised (Rs. In Crores)	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
Capital expenditures towards IT equipment	Not Applicable	254.42	Not Applicable	72.90	Nil	NA
IT equipment Payment of lease rentals for IT Equipment taken on lease	Not Applicable	39.14	Not Applicable	12.87	Nil
General corporate purpose	Not Applicable	97.85	Not Applicable	-	Nil
Issue-related expenses	Not Applicable	14.25	Not Applicable	14.25	Nil
**Total **		405.66		100.02

Deviation or variation could mean:

a) Deviation in the objects or purposes for which the funds have been raised or

b) Deviation in the amount of funds actually utilized as against what was originally disclosed or c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.

Name of Signatory: Ronit Designation: Company Secretary & Compliance Officer

==> picture [59 x 44] intentionally omitted <==

E2E Networks Limited

CIN- L72900DL2009PLC341980

1st Floor, A-24/9, Mohan Cooperative Industrial Estate Mathura Road, New Delhi-110044, Phone No. +91-11-4084-4964 Email : cs@e2enetworks.com, website https://www.e2enetworks.com/

Annexure-B

Statement of Deviation/Variation in utilization of funds Raised

Name of the Listed Entity	E2E NetworksLimited
Mode of Fund Raising	Preferential Allotment
Date of Raising Funds	December04,2024
Amount Raised	Rs. 1079.28 Crore
Report filed for Quarter ended	March31,2025
Monitoring Agency	Applicable
Monitoring Agency Name, ifapplicable	CareRatingsLimited
Is there a Deviation / Variation inuse of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Not Applicable
**If Yes, Date of shareholder Approval **	NotApplicable
**Explanation for the Deviation / Variation **	NotApplicable
Comments of the Audit Committee after review	No Comments
Comments of the auditors, ifany	No Comments

Objects for which funds have been raised and where there has been a deviation

Original Objects	Modified Object, if any	Original Allocation (Rs. In Crores)	Modified allocation, if any	Funds Utilised (Rs. In Crores)	Amount of Deviation/Variation for the quarter according to applicable object	Remarks if any
Capital Expenditures towards IT Equipment	Not Applicable	729.28	Not Applicable	6.49	Nil	NA
Repayment of outstanding loan including interest accrued thereon	Not Applicable	100.00	Not Applicable	98.80	Nil
General Corporate Purposes	Not Applicable	150.00	Not Applicable	0.47	Nil
Working Capital	Not Applicable	100.00	Not Applicable	11.04	Nil
**Total **		1079.28		**116.81 **

Deviation or variation could mean:

a) Deviation in the objects or purposes for which the funds have been raised or

b) Deviation in the amount of funds actually utilized as against what was originally disclosed or c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.

Name of Signatory: Ronit Designation: Company Secretary & Compliance Officer