E2E Networks Limited has fixed Friday, June 5, 2026, as the record date for the purpose of determining eligible shareholders for the sub-division or split of its existing equity shares. The decision follows the company's earlier intimation regarding the proposed corporate action.

Record Date Details

The Board of Directors of e2e networks established the record date in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This date is crucial for identifying the shareholders entitled to the benefit of the share split.

Corporate Action Overview

The sub-division of equity shares involves splitting the existing shares into a larger number of shares of a smaller face value. This action is typically undertaken to enhance liquidity and make the shares more affordable for investors.

Shareholders holding the company's equity shares as of the record date will be eligible for the sub-division. The company has stated that further information is available on its official website.

E2E Networks Limited has disclosed that it received an order from the Office of the Collector of Stamps, Government of NCT of Delhi, regarding the adjudication of stamp duty. The order, dated May 14, 2026, determines a stamp duty liability of Rs 1,27,92,189 along with a penalty of Rs 1,25,00,000, aggregating to Rs 2,52,92,189. This liability pertains to the issuance of certain shares by the company in dematerialized form from the year 2021 to 2025.

The matter arises from a circular issued during 2025 by the Additional District Magistrate, Collector of Stamps, Revenue Department, Delhi. This circular disputes the rate of stamp duty applicable to the issuance of dematerialized shares under the Indian Stamp Act, 1899, as amended by the Finance Act, 2019 and effective from July 01, 2020. The authority alleges that payment of stamp duty through depositories such as NSDL or CDSL does not discharge the company's statutory liability under the law applicable in the NCT of Delhi.

Legal Proceedings and Company Stance

The company has clarified that it had paid the stamp duty on such issuances in accordance with Section 9A (1) read with Article 56A of Schedule I of the Indian Stamp Act, 1899. e2e networks has contested the order and stated that it has already filed a writ petition before the Hon'ble High Court of Delhi. The proceedings are presently under judicial consideration.

Regarding the receipt of the order, the company noted that no email communication or physical copy was received from the Revenue Department. The order was handed over to the company's legal counsel before the Hon'ble High Court in Delhi on the day of the disclosure.

Financial Impact

The company stated that the impact of the order can be assessed only based on the outcome of the writ petition filed before the Hon'ble Delhi High Court. Consequently, the financial implications remain contingent upon the judicial decision in this matter.