NSEMonitoring Agency Report21 Jul 2026 · 21 Jul 2026, 05:49 pm
Monitoring Agency Report
E2E Networks Limited · E2E
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E2E Networks Limited has submitted a monitoring agency report for the quarter ended June 30, 2026, related to the utilization of proceeds from its preferential issue of Rs. 405.66 crore, Rs. 1079.28 crore, and QIP issue of Rs. 107.00 crore.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
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Liquidity Impact6/10
Market Sentiment5/10
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Monitoring Agency Reports for the quarter ending on June 30, 2026
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E2E Networks Limited
CIN- L72900DL2009PLC341980
Uppal's Genesis A-32, Block B, Mohan Cooperative Industrial Estate,
Badarpur, New Delhi 110044 Phone No. +91-11-4084-4964
Email : cs@e2enetworks.com, website https://www.e2enetworks.com/
Date: July 21, 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: Monitoring Agency Reports for the quarter ending on June 30, 2026
Dear Sir/Madam,
Pursuant to Regulation 162A of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2018 and Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended, we are enclosing herewith reports of the monitoring agency for the quarter ended June 30, 2026
from Care Ratings Limited dated July 21, 2026, with respect to utilization of proceeds;
1. Preferential Issue of Rs. 405.66 crore
2. Preferential Issue of Rs.1079.28 crore
3. QIP issue of Rs. 107.00 crore
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
Monitoring Agency (MA) report
No. CARE/NRO/GEN/2026-27/1066
The Board of Directors
E2E Networks Limited
Awfis, First Floor, A-24/9,
Mohan Cooperative Industrial Estate
Mathura Road, New Delhi-110044.
July 21, 2026
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential issue of E2E
Networks Limited (“the Company”)
We write in our capacity of Monitoring Agency for the Preferential Issue for the amount aggregating to Rs. 405.66 crore of
the Company and refer to our duties cast under Regulation 162A of the Securities & Exchange Board of India (Issue of
Capital & Disclosure Requirements) Regulations.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid
SEBI Regulations and Monitoring Agency Agreement dated September 11, 2024.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Dhruv Mittal
Assistant Director
dhruv.mittal@careedge.in
C ARE Ratings Ltd.
Plot no. C-001 A/2 Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off
Berger Tower, Noida, Gautam Budh Nagar (UP) - 201301 Eastern Express Highway, Sion (East), Mumbai - 400 022
Phone: +91-120-4452 000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691
Report of the Monitoring Agency
Name of the issuer: E2E Networks Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: Nil
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of
the issue based on the information provided by the Issuer and information obtained from sources believed by it to be
accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which
accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions
expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever.
Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA
and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as
defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no
conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer, or while undertaking credit rating or other commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where
applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be
captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their
report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed
by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Dhruv Mittal
Designation of Authorized person/Signing Authority: Assistant Director
C ARE Ratings Ltd.
Plot no. C-001 A/2 Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off
Berger Tower, Noida, Gautam Budh Nagar (UP) - 201301 Eastern Express Highway, Sion (East), Mumbai - 400 022
Phone: +91-120-4452 000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691
1) Issuer Details:
Name of the issuer : E2E Networks Limited
Name of the promoter : Mr. Tarun Dua, Ms. Srishti Baweja
Industry/sector to which it belongs : IT Services – IT Enabled Services
2) Issue Details
Issue Period : September 21, 2024 (Date of allotment)
Type of issue (public/rights) : Preferential Issue
Type of specified securities : Equity Shares
IPO Grading, if any : Not applicable
Issue size (in crore) : Rs. 405.66 crore (gross proceeds of preferential issue)
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information
Comment
/ certifications
Comments of the s of the
Particulars Reply considered by
Monitoring Agency Board of
Monitoring Agency for
Directors
preparation of report
Proceeds from preferential issue during
Q1FY27 have been utilized as per the objects
mentioned in the offer document.
A special resolution passed at annual general
meeting held on September 26, 2025 where
members of the company have approved the
following:
CA certificate*,
• Reallocation of the remaining portion of
Whether all utilization is as per the disclosures in the Offer Management certificate,
Yes unutilized funds previously allocated
Document? Bank statements, Special
towards “General corporate purpose” to No
Resolution
capital expenditure towards IT comments
equipment. received
• Company to pledge or create charge/lien
over the unutilized funds for the purpose
of availing credit facilities including but
not limited to Letters of Credit (LC), Bank
Guarantees (BG), or any other fund-
CARE Ratings Ltd.
Plot no. C-001 A/2 Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off
Berger Tower, Noida, Gautam Budh Nagar (UP) - 201301 Eastern Express Highway, Sion (East), Mumbai - 400 022
Phone: +91-120-4452 000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in CIN-L67190MH1993PLC071691
Source of information
Comment
/ certifications
Comments of the s of the
Particulars Reply considered by
Monitoring Agency Board of
Monitoring Agency for
Directors
preparation of report
based/non-fund-based facilities from
banks or financial institutions, provided
that such facilities shall be used strictly
within the overall limits for the specific
purposes as approved by the
shareholders.
CA certificate*, No
Whether shareholder approval has been obtained in case of
Management certificate, comments
material deviations# from expenditures disclosed in th
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