ENE2E Networks544783Routine SEBI update

Monitoring agency report for September 2026 quarter: no deviation from objects in use of issue proceeds

Monitoring agency report for the quarter ended September 30, 2026.

By ScoutQuest · Fri 16 Oct 2026, 6:20 PM IST · 2 min read

Preferential Issue Size

Rs.1079.28 crore

QIP Issue Size

Rs. 107.00 crore

Deviation from Objects

NIL; all proceeds of the preferential issue utilised as on September 30, 2026

What the company shared

E2E Networks Ltd has submitted monitoring agency reports for the quarter and half year ended September 30, 2026. The reports come from Care Ratings Limited, dated October 16, 2026, and relate to the utilisation of money raised through a preferential issue of Rs.1079.28 crore and a QIP issue of Rs. 107.00 crore.

A monitoring agency report is a periodic check that money raised from investors is being used for the purposes stated at the time of the fund raise.

Details of the preferential issue

• Type of issue: preferential issue
• Type of securities: equity shares
• Issue size: Rs. 1079.28 crore (gross proceeds of the preferential issue)
• Date of allotment: December 04, 2024
• Sector: IT Services - IT Enabled Services

The monitoring agency's assessment

• Deviation from the objects: NIL
• Range of deviation: not applicable
• The monitoring agency states that proceeds from preferential issues during Q2FY27 have been utilised as per the objects mentioned in the offer documents
• It also states that the company has utilised all proceeds from the preferential issue of size Rs. 1079.28 crores as on September 30, 2026, and that this is the last monitoring agency report

Changes in how the money is used

• In the 16th Annual General Meeting, shareholders approved the allocation of proceeds
• Shareholders found it prudent to reallocate the remaining portion of funds originally earmarked for "General Corporate Purpose" towards "Capex Expenditure, specifically for the Acquisition of IT Equipment"
• A special resolution was passed at an AGM held on September 26, 2025, on "General Corporate Purpose" funds originally earmarked for "Capex towards IT equipment", with overall funding through preferential issue proceeds only
• It is proposed that the company be authorised to pledge or create charge/lien over the unutilised funds for the purpose of availing Letters of Credit (LC) and Bank Guarantees (BG)
• The company's Board of Directors has no comments on the report

How a retail investor can read this

The headline point is that the monitoring agency reports no deviation from the stated objects of the issue, which means the money raised was used for the purposes set out at the time of the raise. The other point to note is that unspent money originally meant for general corporate purposes was reallocated, with shareholder approval, towards buying IT equipment, and that the company proposes to be allowed to create a charge or lien on unutilised funds to obtain Letters of Credit and Bank Guarantees. Such reports are periodic disclosures made until the issue proceeds are fully used.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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