E2E Networks director resigns; L&T proposes new nominee
- Shrimati Ambastha resigned as Non-Executive Non-Independent Director of E2E Networks
- Resignation effective October 12, 2026, citing other professional commitments
- Larsen & Toubro nominated Krishnan Mahesh as replacement nominee director
- Appointment subject to Board approval and Nomination Committee recommendation
*this image is generated using AI for illustrative purposes only.
E2E Networks Limited announced the resignation of Shrimati Ambastha from its Board of Directors effective October 12, 2026. Ambastha served as a Non-Executive Non-Independent Director, nominated by Larsen & Toubro Limited. The resignation was tendered due to other professional commitments.
In a regulatory filing to stock exchanges, the company confirmed that Larsen & Toubro has nominated Krishnan Mahesh for appointment as its Nominee Director. This proposal is intended to fill the vacancy created by Ambastha’s departure. The appointment will be considered by the Board at its ensuing meeting, subject to the recommendation of the Nomination and Remuneration Committee.
Regulatory disclosures and timeline
The company submitted the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter was received by the company on October 12, 2026, with immediate effect. No financial impact or operational changes were disclosed in connection with this board restructuring.
The filing included Annexure A details required by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023. The document specified that the reason for the change was resignation due to professional commitments, and that disclosure of relationships between directors was not applicable for the cessation event.
Director transition details
| Particulars | Details |
|---|---|
| Resigning Director | Shrimati Ambastha |
| DIN | 08393018 |
| Role | Non-Executive Non-Independent (Nominee) Director |
| Nominating Entity | Larsen & Toubro Limited |
| Effective Date | October 12, 2026 |
| Proposed Nominee | Krishnan Mahesh |
| Proposed Nominee DIN | 08544681 |
Krishnan Mahesh’s appointment is pending Board approval. Once approved, the outcome will be disclosed to the stock exchanges in accordance with SEBI Listing Regulations. The company did not provide a detailed profile for Mahesh in this specific filing, as it pertained primarily to the resignation notification.
Historical Stock Returns for E2E Networks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.39% | +13.51% | +21.68% | +203.49% | +112.24% | 0.0% |
How might Krishnan Mahesh's professional background and expertise influence E2E Networks' strategic direction compared to his predecessor?
Will the transition in Larsen & Toubro's nominee director signal any changes in the operational or financial support provided to E2E Networks?
What is the expected timeline for the Nomination and Remuneration Committee to review and recommend Mahesh's appointment to the Board?
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