E2E Networks Limited — Capital/Financing Update 2025

Feb 10, 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: February 10, 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 December 31, 2024, 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: 2025.02.10 17:38:05 +05'30'

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

==> 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-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	December31,2024
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 contractor 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

OriginalObjects	ModifiedObject, ifany	OriginalAllocation(Rs. InCrores)	Modifiedallocation,if any	FundsUtilised(Rs. InCrores)	Amount ofDeviation/Variationfor the quarteraccording toapplicable object	Remarks ifany
Capitalexpenditurestowards ITequipment	NotApplicable	254.42	NotApplicable	49.49	Nil	NA
IT equipmentPayment oflease rentalsfor ITEquipmenttaken onlease	NotApplicable	39.14	NotApplicable	5.81	Nil
Generalcorporatepurpose	NotApplicable	97.85	NotApplicable	-	Nil
Issue-relatedexpenses	NotApplicable	14.25	NotApplicable	14.25	Nil
**Total **		405.66		69.55

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.

Digitally signed RONIT by RONIT Date: 2025.02.10 17:38:27 +05'30'

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	December31,2024
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	Not Applicable
contract or objects, which was approved by the shareholders
**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		Modified	Original	Modified	Funds	Amount of	Remarks
Objects		Object, if	Allocation	allocation,	Utilised	Deviation/Variation	if
		any	(Rs. In	if any	(Rs. In	for	any
			Crores)		Crores)	the quarter according
						to applicable
						object
Capital		Not	729.28	Not	-	Nil	NA
Expenditures		Applicable		Applicable
towards IT
Equipment
Repayment of		Not	100.00	Not	77.52	Nil
outstanding		Applicable		Applicable
loan including
interest
accrued
thereon
General		Not	150.00	Not	0.47	Nil
Corporate		Applicable		Applicable
Purposes
Working		Not	100.00	Not	3.28	Nil
Capital		Applicable		Applicable
**Total **			1079.28		81.27

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.

Digitally signed RONIT by RONIT Date: 2025.02.10 17:38:43 +05'30'

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