E2E Networks Limited has granted 2,00,000 stock options to eligible employees under its E2E Networks Limited Employees Stock Option Scheme – 2021. The Nomination and Remuneration Committee of the board approved the grant through a resolution passed by circulation on June 30, 2026. The options carry an exercise price of Rs. 356.81 per share, determined based on the market price of the company, potentially with a discount decided by the committee.

The scheme is administered by the Nomination and Remuneration Committee, with eligibility criteria defined within the scheme documents. The exercise price is subject to applicable accounting policies and will not be less than the face value of the shares. Once vested, the options entitle holders to acquire an equal number of equity shares upon payment of the exercise price and applicable taxes.

Grant Details

The disclosure regarding the grant was made to the National Stock Exchange of India and BSE Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the scheme is in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The table below outlines the key particulars of the grant:

Vested options can be exercised within a period of two years from the date of respective vesting or before the last working day of the grantee, whichever is earlier. If all granted options are vested and exercised, they will result in the issuance of 2,00,000 equity shares with a face value of Rs. 1 each.

E2E Networks Limited has incorporated Sovcloud Technologies Limited as a wholly owned subsidiary to expand its capabilities in datacentre services and IT infrastructure. The new entity was registered on June 17, 2026, under the Companies Act, 2013, and will operate within the IT industry. This strategic move allows the parent company to offer hosted solutions, provisioning tools, and research services related to computing and networking infrastructure.

The incorporation falls under related party transactions, as the promoter group holds an interest in the entity to the extent of their shareholding. The transaction was conducted at arm’s length price. Sovcloud Technologies Limited has an authorized capital of ₹10,00,000 and a paid-up share capital of ₹1,00,000.

Details of the Wholly Owned Subsidiary

The subsidiary is fully owned by E2E Networks Limited, which subscribed to 10,000 equity shares of ₹10 each. The subscription was made through a cash consideration of ₹1,00,000. The company is headquartered in New Delhi and has received its Corporate Identity Number (CIN) from the Ministry of Corporate Affairs.

Business Objectives

The primary object of Sovcloud Technologies Limited is to run datacentre services, including managed and unmanaged hosted solutions. It will provide provisioning, monitoring, and billing tools to enable datacentres to offer basic or value-added services to clients. Additionally, the entity will engage in publishing, selling, reselling, and licensing research and intellectual property rights for datacentres, computing, and networking infrastructure.

The intimation was filed with the National Stock Exchange of India and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Certificate of Incorporation was issued by the Central Registration Centre, Ministry of Corporate Affairs, on June 17, 2026.