E2E Networks Limited — Others, 15-05-2025: Monitoring Agency Report

E2E Networks Limited has announced monitoring agency reports on fund utilization from two preferential issues totaling Rs.1,484.94 crore. From the Rs.405.66 crore issue, Rs.100.02 crore was used mainly for IT equipment and related lease rentals; the balance Rs.305.64 crore remains in fixed deposits earning 7.4-7.9%. From the Rs.1,079.28 crore issue, Rs.116.81 crore funded IT purchases and loan repayments, with Rs.962.47 crore held in fixed deposits and mutual funds yielding 7-7.9%. Utilization aligns with stated objectives, with no material deviations.