Analysts/Institutional Investor Meet/Con. Call Updates

E2E Networks Limited CIN- L72900DL2009PLC341980 Uppal's Genesis A-32, Block B, Mohan Cooperative Industrial Estate, Badarpur, New Delhi 110044 Email: cs@e2enetworks.com, Website https://www.e2enetworks.com/ Date: July 28, 2026 To, To, National Stock Exchange of India Ltd. (‘NSE’) The Manager- Listing Exchange Plaza, 5th Floor, BSE Limited, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra - Kurla Complex, Bandra (E), Mumbai – 400 Dalal Street, Mumbai- 400 001 051, Maharashtra, India Maharashtra, India (Script Symbol: E2E) (Scrip Code: 544783) Sub: Transcript of Analysts/Investor Earnings Conference Call for Q1/FY27 Dear Sir/Madam, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable Regulations, please find enclosed herewith the Transcript of Analysts/Investor Earnings Conference Call, which was held on Wednesday, July 22, 2026, at 08:00 AM (IST) to discuss the Company’s Q1FY27 earnings. 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 Ronit Company secretary & Compliance Officer ICSI M. No.: A59215 E2E Networks Limited Q1 FY27 Earnings Conference Call July 22, 2026 MANAGEMENT: MR. TARUN DUA – MANAGING DIRECTOR MR. NITIN JAIN – CHIEF FINANCIAL OFFICER MODERATOR: MS. VANESSA FERNANDES – INVESTOR RELATIONS, ADFACTORS PR Page 1 of 15 E2E Networks Limited July 22, 2026 Moderator: Ladies and gentlemen, good day, and welcome to E2E Networks Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Vanessa Fernandes from the Investor Relations team at Adfactors PR. Thank you and over to you, Ms. Vanessa. Vanessa Fernandes: Good morning, everyone. On behalf of E2E Networks Limited, I would like to welcome you all to the Earnings Conference call for Q1 FY27. Today on the call, we have with us from the management, Mr. Tarun Dua, Managing Director of E2E Networks; and Mr. Nitin Jain, Chief Financial Officer of E2E Networks. We will begin the call with brief opening remarks from the management, followed by a Q&A session. All participant lines will be in listen-only mode during the management's remarks and the floor will be open for questions thereafter. Please note that certain statements made during this call may be forward-looking in nature. Such forward- looking statements are subject to risks and uncertainties that could cause actual results or projections to differ materially from those statements. E2E Networks holds no responsibility for any actions taken based on such statements and undertakes no obligation to publicly update these forward-looking statements. I now hand over the call to Mr. Tarun Dua for his opening remarks. Over to you, Tarun. Tarun Dua: Thanks, Vanessa. And hi, everyone. Good morning to all of you, and we hope you had a good last couple of months, since we last spoke. And I'm trying to do a very brief coverage of some of the progress that we have made during the last quarter. And then also briefly touch upon how we see ourselves in today's world. And then I'll hand over the call to Nitin to talk about some of the financial highlights of this quarter, and then we'll be opening the floor for questions. So in this quarter we have had a couple of milestones, major amongst those being that we went live with our Blackwell. So, 1,024 Blackwell that we received during last few months went online, and they were put on revenue. Now that was the major thing. We continue to strengthen our sovereign AI platform, which we'll be talking more about why we believe that is the future. And then we have seen some of the revenues also scaling up on our platform. Apart from this, we have continued to make investments into our technology platforms in terms of strengthening our team and organization. And we are very focused on helping build an ecosystem of customers and partners who can help us become a high-growth organization. Page 2 of 15 E2E Networks Limited July 22, 2026 Now coming back to Sovereign AI and why Sovereign AI is important. In the past, we have spoken about why we are trying to gravitate toward higher value tokens. Now when we look at the state of the open source today, in terms of where the open-source models are, what we find is that they are very close behind the frontier models, which are available only through API access. Now sovereign models using a new cloud operator or an AI factory like E2E Networks, you are able to deploy within your own boundary where you control using our platform, like how the model would be deployed? How would the model be fine-tuned? What data can the model access? What is the state that model can retain? What is the state that model should forget? You can control everything using the Sovereign AI platform that we have built. So the open-weight models today running on top of us, the AI factory, using the software platforms that we have built, including TIR and Jarvis Labs, You have 3 layers that form the base of how the customer is going to kind of use their own Sovereign AI and on top of that, you can put your own agentic framework of being able to observe, think and act which is something that acts as a harness, which is the execution loop that runs your observe, think cycle with a state tracking and tool invocation, and wrap like your raw model into reliable workflows that you as an enterprise would essentially use. Now with open source coming very, very close to how the frontier models are working, we are very close to achieving AI Sovereignty for our customers, where all four components interoperate with each other using the software that we provide to our customers, and that is what we believe is the key for E2E to be able to help the customers leverage the entire E2E pack using open source to make organizations AI enabled. So more from the perspective of either running their own in-house small language models or even large language models, which are proprietary to them, or help them fine-tune open source models, which are now very close to capability in terms of where frontier models lie today. So we are able to capture value for our customers at each of these layers as opposed to frontier models, which are not owned, but only rented and are subject to various risks, both of the nature of political as well as simply because a private organization controls who can access their models and who they would suddenly decide that this is not a legitimate use case, let us shut down this customer. So open-source based model on Sovereign AI factory like us eliminates that risk of someone sitting a couple of thousand miles away and judging you for how you're going to use your AI. So as a company, we are very focused on building the operating leverage for us on the principle of do less and do better. This allows us to have higher quality partnerships and higher future growth without us relying on chasing vanity metrics. So, with that, I would like to hand over the call to Nitin where he can explain how we have done this quarter based on some of the philosophies that we have spoken about. Over to you, Nitin. Page 3 of 15 E2E Networks Limited July 22, 2026 Nitin Jain: Thank you, Tarun. Good morning, everyone. Thank you for joining us today. I will walk you through the financial performance for the first quarter of FY2027. Let me start with the quarterly highlights. Revenue for the quarter stands at INR1,568 million, which is up 334% year-on-year and 64% quarter-on-quarter. EBITDA stood at INR [Showing first 8,000 characters — download PDF for full document]