E2E Networks Limited

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E2E Networks Limited Low Latency Hosting in India CIN NUMBER- L72900DL2009PLC341980

: Regd. Office Awfi.s, First Floor, A-24/9, Mohan Cooperative Industrial Estate, Mathura Road, Saidabad, New Delhi-110044, Phone +91-11-411-33905 Email: [email protected] Website https://ww.e2enetworks.com/

Date-10.11.2021

Corporate Service Department National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai-400051

Ref: NSE Symbol-E2E

Sub: Outcome of Board Meeting

Dear Sir,

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirements Regulations, 2015, we would like to inform that the Board of Directors at its meeting held on November 10, 2021 i.e. today commenced at 2.00 P.M. and concluded at 2.45 P.M. has inter-alia considered and approved the following business (es):

Un-Audited Financial Results of the Company for the half year ended September 30, 2021 along witb Slatement of Assets and Liabilities and Cash Flow Statement as on September 30, 2021.
Limited Review Report on Un-Audited Financial Results of the Company for the half year ended September 30, 2021.

Un-Audited rinancial Results of the company for the half year ended September 30, 2021 along with Limited Review Report issued by Statutory Auditors is attached herewith for your reference.

The results are also being uploaded on the Company's website at htps:/w.e2enetworks.com/.

Thanking You,

Yours Faithfully,

For E2E Networks Limited

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NehaBaid

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Company Secretary Cum Compliance Officer Membership No-A-33753

Encl.: a/a

I I

E2E Networl<S Limited

Registered office: Awfis, !st Floor, A-24/9, Mohan Cooperative lndustnal Estate, Mathura Road, Saidabad, New Delhi - I 10044 CL'II: l,72900OL2009PLC341980, Tel No: +9111 4tl33905, www.e2enctworks.com, Email: investorsca)e2enetworks.com

Statement of standalone unaudited results for the half year ended Se[p] tember 30, 2021

	S,No	Parculars	~~'~~ ~~~~~	~~'~~ ~~~~~	September 30, 2021 Unaudited	(111 amozmls Half)e.r ended March 31, 2021 Audite (refer note J l &	m INR /,acs unless olhenvise stated) Yer ended Septembci· 30, March 31, 2021 2020 Unaudited Audited . I '	m INR /,acs unless olhenvise stated) Yer ended Septembci· 30, March 31, 2021 2020 Unaudited Audited . I '	m INR /,acs unless olhenvise stated) Yer ended Septembci· 30, March 31, 2021 2020 Unaudited Audited . I '	m INR /,acs unless olhenvise stated) Yer ended Septembci· 30, March 31, 2021 2020 Unaudited Audited . I '
	(I)	Revenue fom Operatons			2402.73	1,987.90		l,542.36		3,530.26
	(II)	Oilier Income			20.53	43.90		51.64		95.54
	(Hll	Total Revenue(l + II)			2,423 '6 -~	2,031.80		l,594.00	3,625.80
	(IV)	Expenses
		(a) Purchase of services			728.84	665.07		607.95		1,273.02
		(b) Employee Benef Expenses			491.64	429.05		425.29		854.34
		(c) Finance Costs			4017	39.53		16.48		56.0l
		(d) Depreciation and Amortization Expenses			719.42	837.81		402.80		1,240.61
~~~~~		(e)Other Exoenses ~~--~~			166.28	165.50		149.40		314.90
		Total Expenses ~~(~~IV)			2,146.35	2,136.96		1,601.92	3,738.88

	(V)	Proft before cxceotional and cxtraordinarv itemsand tax (III-IV)			276.91	(105.16)		(7.92)		(113.08'
	(Vf)	Excentional items			~~.~~	.		~~-~~		.
								--·-
	(VU) (VTIT)	Proft before Extraordinar Items and Tax (V-VI) E,.-traordinary Items			276.91 .	(105.16) .		(7.92) .		(113.08 . ' ~~-~~
										-
(IX) L__		Proft Befre Tax(Vil-VII[)			276.91	(105.16)		(7.92)		(113.08)
~~.~~
	(X)	Tax Expenses
		Curent Ta'			.	.		.		.
		Deferred tax			.	-		.		.
		Adjustment related tOpreviousvear			-	(0.19)		0.19		.
										~~-~~
'	(XI) (XII)	Net Proft for tlieperiod from continuing operations(IX-X) Profit/Loss from dis-contnuingoperatons			276.91 .	(!04.97) .		(8.1 l) .		~~(~~113.08' ~~--1.~~ -~~-~~
(X111) (XIV) (XV) (X'Vl) ~~~~~ ~~'~~ ~~'~~		Tax Expense of discontinuingoperations Profit/oss from dis-continungoperations afer tax(XII-Xlll) Profitfortheperiod(xl+XIV) Earning per share ~~.~~			. . 276.91	. . {104.97)		. . (8.11)		(113.08) - ~~-~~- ~~-~~ ~~-~~
		(a) Basic (Amounts in INR)			1.91	(0.73)		(0.06)		(0.79)
.		(h) Diluted (Amounts in !NR)			1.89	(0.73)		(0.06)		(0.79) -
	Note
	l	Figures for the szx months ended March 31, 2021 are balancing fgures between audited figures in respect of fll 1inanc,al yea and the published yc-ar to date
		f!'llfCS up the first half of the relevant year. The fgures upto the end of the first half were subject to limned review.						�-
	2	The above fnancial results of the company for the half year ended September 30, 2021 have been reviewed by the audit					committee and approved by the
		Board of directors al its meetng held on November 10, 2021.
	3	The Company's busiess activities fall with sigle primary business	segment Accordingly, disclosures under Accowiting Standard 17, Segment Reporting, as
		mandated under Section 133 of Companies Act 20 I 3 read ,vith rules framed therender arc not rcqmrcd to be made.
	4	The results have been prepared in accordance with the recogition and measurement principles laid dow in Accounting Standards notied under Section 133
		of the Companies Act, 2013, read with the relevant rules issued tl1ereunder and other accounting principles generally accepted						in fndia.
	5	During the half year ended September 30, 2021, the Company has allotted 46,004		equity shares of Rs. IO each pursuant to				exercise of vested options by_tl1<_
		employee of the Company under employees stock option scheme of te Company at		pre-detennined exercise price of Rs. I			21-	each on May 25,	2021.
	6	The Company has received approval of shareholders for "E2E Networks Limited Employees Stock				Option Scheme- 2021" (hereinalier			called as "ESOP
		Scheme 2021 ") through posta ballot passed on April 5, 2021. Further, the Company has granted J,90,000 options under					ESOP Scheme 202 l		on September I
		2021.
	7	Mr. Varun Tanea, Chief Fmancial Oficer of the Company has resigned w.e.f April IS, 2021. Further, Ms. Srishti BaweJa, Whole Time Director, of th, Company has been appointed as Int�'rim Chef Financial Ofcer of the Company w.e.f May 10, 202_l_She acted as interim CFO till July 19, 2021. Mrs Megha
		Raheja has been appointed as CFO w.e. f July 20, 2021 '
	8	Mr. Anurag Bhana, independent director of tbe Company and Mr. Majil Rai Dua.			Non-Executive director of tbe Company have resigned				w.e f August 20,
		2021 and October 4, 2021 respectively.Further, subsequent to perod under re>1e\v, Mr. Aditya Bhushan has been appointed as additional director in the
		capacity of Non- Executive Independent Director w.e. f October 22. 202 I.
	9	Figures of previous year or periods have been regouped or reclassified wherever necessar, in order to				make them comparble to curent year fgures.
i	Place: Naida Date: November I 0, 2021		I			For and on behalf of board of directors of 'S E2ENetworksLimit�ZENETORK For .· S. " Srishti Uaweja (Whoie time Director) DIN: 08057000 Director ,UMlTED I_s'h-h._

Registered office: Awfis, 1st Floor, A-24/9, Mohan Cooperative Industrial Estate, Mathura Road, Saidabad, New Delhi - 110044 CIN: L72900DL2009PLC341980, Tel No: +91 11 41133905, www.e2enetworks.com, Email: invcstors(a}e2enetworks.com

Unaudited statement of Assets and Liabilities as on Septl"mber 30, 2021

	(.41/ amounts in INR Lacs	unless otherwise slated)
Particulars	Ason Sentembcr 30, 2021	Ason March 31, 2021
	Unaudited .	Audited
I. Equity and liabilities
Sharf'holders' funds
Share capital	1,447.51	1,442.91
Reserves and SWJJlus	1,198.76	917.13
	2,646.27 .	2,360.04
Non-current liabilities
Long term provisions	82.34	75.60
Long term liabilities	77.43	-
	159.77	75.60
Current liabilities
Short tCJ1TI bo1rnwings	-	380.38
Trade payables
a. Total outstanding dues of micro enterprises and small enterprises	20.42	0.36
b. Total outstanding dues of creditors other than micro and small enterprises	280.44	215.86
Other current liabilities	328.83	246.28
Short term provisions	-	3.68
	629.69	846.56
Total Equity and liabilities	3,435.73	3,282.20
II. Assets
Non-current assets
Property, Plant and Equipment Property, Plant and Equipment	2,257.83	1,987.65
Intangible assets	171.86	177.04
Intangible assets under Development	0.49	0.49
Loans and advances	49.43	1.50
Other non-current assets	-	1.00
Deferred tax assets	l05.91 2_585.52	105.91 2,273.59
Current asset�
Trade receivables	13.10	33.78
Cash and bank balances	455.21	519.10
Loans and advances	184.28	290.73
Other current assets	197.62	165.00
	850.21	1,008.61
Total Assets	3,435.73	3'82.20
Sec notes to accompanying results.
	;1=JWe� aiirr,el�§TfMITED
		f�J+i�·
		Director
	Srishti Bawcja
Place: Noida	(Whole time Director)
Date: November 10, 2021	DIN: 08057000

...

E2E Networks Limited Registe,·ed office: Awfis, 1st Floor, A-24/9, Mohan Cooperative Industrial Estate, Mathura Road, Saidabad, New Delhi - 110044 C'[N: L72900DL2009PLC341980, Te.I No: +91 11 41133905, www.e2enetworlis.com, Email: invcstors(i!ie2enetworks.eom

Unaudited cash flow statement for the half year ended Se1itembcr 30, 2021

			(All amounts in n·R Lacs	_unless othenvise stat.ed _	_unless othenvise stat.ed _
Particulars A. Cash fow from operating activities Profit/ (loss) befre tax	..	..	For the half year ended September 30, 2021 September 276.91		30, 2020 (7.93) -
Adjustments for: Depreciation / amoniztion			719.42		402.80
Interest income Liability and provisions no longer requird, vTitten bad. Employee stock option outstanding expenses I I			(8.56) . 3.79		(25.03) (0 04) 4.43
Profit on sale of property, plant and equipment			(2 16)		(16.15)
Property, plant and equipment \,Titlen off			42.48		-
Interest expenses Operating proft/ (loss) before working capital changes			8.55 1,040.43		. 358.08
Movements in working capital :
(Decrease) in trade payables			84.63		9.37
(Decrease)/lncrease in other liabilities		-	50.19		122.19
D�rease/(lncrease) in trade receivables			20.68		20.60
{lncrease)/Decrease in other current assets			(27. 13)		(15.75)
Increase/ {Decrease) in loans and advances			( 11.20)		(58.02)
(Decrease)/Increase inprovisions Cash generated fom operations			3.06 1,160.66		(1.27) 435.20
Direct ta.xespaid(net of refunds) Net cash fow from/( used in) operating activities		(A)	69.71 1,230.37		109.84 545.04
B. Cash fows from inveting actiities Purchase of fxed assets, including intangible assets	under	development	(1,028.79)	(1,109 36)
Proceeds from sale of fixed assets Interest received Net cash fow from/ {usedin)investing activities (B) 4.07 28.26 4.07 29.50 (1,020.65) (1,051.60) ~~L~~_~~====~~ ~~-~~ ~~==================================~~==i
C. Cash fows fom fnancing activities
Proceeds from issuance of equity share capital			5.52		11.04
Proceeds from long-term borrowings Repayment of shon-tenn borrovings			109.80 (380.38)		. -
Interest paid			(8.55)		.
Net cash fow from/ (usedin) financin1 activitie L---		(C)	(273.61		11.04
Net increase/{decrease) in cash and cash equivalents (A+ B + C)			(63.89)		(495.52)
Cashand cash equivalentsat the beginning of the period Cash and cash eauivaleuts at the end of the neriod ~~1----~~ ~~1---~~			.519.10 455.21		1,241.41 745.89 ~~-~~-
Components of cash and cash equivalents as at
Cash on hand Bank Deposits With banks- on Cl1rrent account Cash and cash eauivalents at the end of the oeriod See notes to accompanying results. 0.93 1.19 301.00 645.00 153.28 99.70 455.21 745.89 ~~1==================--~~
			�raa��rgWd� rr§JMITED WN . I S�.�·
			Srishti Baweja	Director
Place: Noida			(Whole time Director)
Date: November 10, 2021			DIN: 08057000

B. B. & Associates Chartered Accountants

B-2557, First Floor, DSIDC, Narela Delhi- 110040

INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF E2E NETWORKS LIMITED

We have reviewed the accompanying Statement of Unaudited Financial Results of E2E Networks Limited (“the Company”) for the half year ended September 30, 2021 (“the Statement”), being submitted by the Company pursuant to the requirements of Regulations 33 of the SEBI (Listing, Obligations and Disclosure requirements) Regulations, 2015 (‘Listing regulations’).
This statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with Companies (Accounting Standards) Rules, 2006, as amended and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company’s personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Accounting standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B.B. & Associates

Chartered Accountants

Firm registration No.: 023670N

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Balwan Bansal

Proprietor Membership No.: 511341

Place: New Delhi Date: November 10, 2021 UDIN: 21511341AAAATK2401

AI assistant

E2E Networks Limited Interim / Quarterly Report 2022

60804_rns_2021-11-10_70e9d2b7-6d53-4073-923e-8a6640a67e53.pdf