E2E Networks Limited's Board of Directors, at their meeting held on Wednesday, May 13, 2026, approved the incorporation of two Wholly Owned Subsidiaries (WOS)—one in India and one in the state of Delaware, United States of America. The board meeting commenced at 9:30 A.M. and concluded at 10:10 A.M. This disclosure has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Rationale Behind the Subsidiaries

The two proposed entities serve distinct strategic purposes within E2E Networks' broader business expansion. The Indian WOS is being incorporated specifically for deploying large-scale GPU infrastructure and facilitating funding arrangements in relation thereto. The US-based WOS, to be incorporated in the state of Delaware, is expected to provide enhanced access to international markets. Both subsidiaries will operate within the IT Industry, which is consistent with E2E Networks' core line of business.

Key Details of the Proposed Subsidiaries

The following table outlines the key parameters of the two proposed Wholly Owned Subsidiaries as disclosed by the company:

Investment Structure and Shareholding

For the Indian subsidiary, E2E Networks proposes to invest Rs. 1,00,000 by subscribing to 10,000 Equity Shares of face value Rs. 10/- each. For the US subsidiary, the company proposes to invest USD 40,000 by subscribing to 40,000 Equity Shares of face value USD 1 each. In both cases, 100% shareholding of the proposed Wholly Owned Subsidiaries shall be held by E2E Networks Limited. The investment in each entity will be made by way of subscription to the share capital of the respective WOS.

Related Party and Regulatory Considerations

Once incorporated, both WOS entities will become related parties of E2E Networks Limited and its other subsidiaries. The company has clarified that, save and except for the related party relationship arising from the WOS structure, the Promoters, Promoter Group, and Group Companies are not interested in the transaction. The incorporation of the Indian entity will be subject to approval from the concerned Registrar of Companies, while the US entity will require approval from the Secretary of State of Delaware. The names of both entities will be finalised upon receipt of the respective regulatory approvals. The process of incorporation for both entities is expected to be initiated within a period of 2 (two) weeks, with the overall timeline dependent on approvals from the relevant authorities.

E2E Networks Limited has received In-Principle Approval from BSE Limited for the direct listing of its equity shares on the Bombay Stock Exchange. The development was disclosed in a regulatory filing dated May 8, 2026, submitted to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE In-Principle Approval for Direct Listing

The In-Principle Approval from BSE Limited was communicated to the company through an email dated April 24, 2026, read with a follow-up email dated May 8, 2026. The approval pertains to the listing of E2E Networks Limited's equity shares on BSE through the direct listing route. The company has stated that it will submit the formal listing application with BSE in due course.

Key details of the regulatory disclosure are summarised below:

Regulatory Disclosure

The intimation was filed by Ronit, Company Secretary and Compliance Officer of E2E Networks Limited (Membership No.: A59215), in accordance with the applicable disclosure obligations. The filing was addressed to the Listing Compliance Department of the National Stock Exchange of India Limited. The company confirmed that the listing application with BSE will be submitted in due course following the receipt of this approval.