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E2E Networks Limited: Monitoring Agency Reports for Q3FY26 Issued
E2E Networks Limited
January 15, 2026, 01:17 PM
E2E Networks Limited submitted Monitoring Agency Reports for Q3FY26 from CARE Ratings. The ₹405.66 crore preferential issue (allotted Sept 2024) saw ₹294.95 crore utilized. The ₹1,079.28 crore preferential issue (allotted Dec 2024) had ₹302.35 crore utilized. No material deviations were reported for either issue.
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E2E Networks Limited has submitted its Monitoring Agency Reports for the quarter ended December 31, 2025, as required by SEBI regulations. These reports, issued by CARE Ratings Limited on January 15, 2026, pertain to the utilization of proceeds from two preferential issues. The first issue, amounting to ₹405.66 crore with an allotment date of September 21, 2024, showed that proceeds were utilized as per the offer document, with ₹294.95 crore utilized and ₹103.31 crore unutilized as of December 31, 2025. The second preferential issue, for ₹1,079.28 crore with an allotment date of December 4, 2024, also confirmed that proceeds were utilized in line with the offer documents during Q3FY26. For this larger issue, ₹729.28 crore was allocated for IT equipment expenditure, ₹100 crore for loan repayment, and ₹0.88 crore for general corporate purposes, with a total of ₹302.35 crore utilized and ₹103.31 crore unutilized as of the quarter's end. In both cases, the company confirmed no material deviations from the original objects and secured necessary shareholder approvals for reallocation of funds, including pledging unutilized funds for credit facilities.
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