E2E Networks Limited — QIP/Rights/Pref., 04-12-2024: Allotment of Securities

E2E Networks Limited has announced a board meeting where significant appointments and changes were approved. Ms. Shrimati Ambastha and Mr. Prashant Jain have been appointed as Additional Non-Executive Non-Independent Directors, subject to shareholder approval. Ms. Megha Raheja was designated as Whole-time Director and CFO with a five-year term, also pending shareholder approval. Additionally, Mr. Varun Pratap Rajda has resigned as Independent Director.

The company has allotted 29,79,579 equity shares to Larsen & Toubro Limited at an issue price of INR 3,622.25 per share, raising approximately INR 1,079.28 crore. This allotment increases the paid-up equity share capital to INR 19.86 crore. The restated Articles of Association have taken effect to include minority protection rights for L&T.