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.

E2E Networks Limited has accepted the resignation of Mr. M Kesava Reddy from the position of Chief Revenue Officer, effective June 30, 2026. The resignation was submitted on account of personal commitments and is classified under Regulation 16(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Senior Management Personnel.

The company communicated the development to the National Stock Exchange of India Limited and BSE Limited on June 12, 2026. The disclosure was made in accordance with Regulation 30 and Schedule III of the SEBI Listing Regulations.

Mr. Reddy confirmed in his resignation letter that there are no other material reasons for his decision and that he has no claims or dues against the company or its officers. He requested the Board to file the necessary intimations with the statutory authorities under the Companies Act, 2013 and SEBI regulations.

Resignation Details

The following table outlines the key particulars of the resignation as disclosed by the company:

The company acknowledged the resignation and confirmed that the necessary filings have been submitted to the stock exchanges.