E2E Networks logo

E2E Networks MD, chairman, board of directors and AGM

NSE: E2EBSE: 544783IT - ServicesSmall Cap

Last close ₹566.05down ₹29.75 (4.99%)BSE ₹565.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹595.80.

52-week range of traded prices to 23 Oct 2026
₹183.36Low, 12 Jan 2026₹765.00High, 14 Oct 2026
Market cap
₹11,636 Cr669th largest listed
P/E
99.2
P/B
6.4
Dividend yield
Nonein the last 12 months
ROE
6.9%
ROCE
6.8%
Debt to equity
0.25
Volume, NSE
97,655

E2E Networks board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorTarun Dua
  • ChairpersonGaurav Munjal
  • Company Secretary and Compliance OfficerRonit

8 directors3 independent3 executive2 non-executive

  • Tarun Dua · Managing directorExecutive · joined Aug 2009 · 1 listed board
  • Srishti BawejaExecutive · joined Jan 2018 · 1 listed board
  • Megha RahejaExecutive · joined Dec 2024 · 1 listed board
  • Shrimati AmbasthaNon-executive · joined Dec 2024 · 1 listed board
  • Prashant Chiranjive JainNon-executive · joined Dec 2024 · 1 listed board
  • Sonu Gosain SoniIndependent · joined Mar 2025 · 15 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Gaurav Munjal · ChairpersonIndependent · joined Feb 2018 · reappointed Feb 2023 · 100 months as independent · 2 listed boards · 1 as independent · 3 committee seats, 2 as chair
  • Karthik Reddy BezawadaIndependent · joined Jan 2026 · 5 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • Ashish Bhupendra Fafadia, left 29 Jan 2026: Others
  • Naman Kailash Prasad Sarawagi, left 28 Aug 2025: Others
  • Aditya Bhushan, left 28 Mar 2025: Others
  • Varun Pratap Rajda, left 4 Dec 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 13 May 20267 of 8 present2 independent · 22 days in between
    • 20 Apr 20268 of 8 present3 independent · 19 days in between
    • 31 Mar 20268 of 8 present3 independent · 74 days in between
    • 15 Jan 20268 of 8 present3 independent

  • Audit Committee

    Chair Gaurav Munjal

    Sonu Gosain Soni, Karthik Reddy Bezawada

    • 20 Apr 20263 of 3 present3 independent · 19 days in between
    • 15 Jan 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Karthik Reddy Bezawada

    Gaurav Munjal, Sonu Gosain Soni

    • 31 Mar 20263 of 3 present3 independent · 3 days in between
    • 15 Jan 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Gaurav Munjal

    Sonu Gosain Soni, Karthik Reddy Bezawada

    • 15 Jan 20263 of 3 present3 independent

  • Risk Management Committee

    Chair Srishti Baweja

    Megha Raheja, Gaurav Munjal

    • 27 Mar 20262 of 3 present1 independent · 17 days in between
    • 9 Mar 20263 of 3 present1 independent · 52 days in between

  • Corporate Social Responsibility Committee

    Chair Srishti Baweja

    Gaurav Munjal, Karthik Reddy Bezawada

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Sep 2026.

  • GSA & ASSOCIATES LLPPeer-review certificate valid to Feb 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

E2E Networks AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.E2E Networks share news and announcements

Annual general meeting, 28 Sep 2026

1,20,701 shareholders on the register on 21 Sep 2026; present: 3 promoters and 85 others; votes counted by Ankush Agrawal / M/s MAKS & Co..The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.67% · promoters 96.19% · institutions 45.39% · other public 38.28%

  2. APPOINTMENT OF DIRECTOR IN PLACE OF MS. MEGHA RAHEJA (DIN: 10855604), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT AS A DIRECTOR
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.21% · other public 0.01%

    Turnout: all 61.67% · promoters 96.19% · institutions 45.39% · other public 38.28%

  3. WAIVER OF RECOVERY OF MANAGERIAL REMUNERATION PAID TO ALL EXECUTIVE DIRECTOR(S) (INCLUDING MANAGING DIRECTOR) OF THE COMPANY FOR THE FINANCIAL YEAR 2025-2026
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 61.67% · promoters 96.19% · institutions 45.39% · other public 38.28%

  4. REVISION IN REMUNERATION PAYABLE TO MR. TARUN DUA, MANAGING DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 61.67% · promoters 96.19% · institutions 45.39% · other public 38.28%

  5. REVISION IN REMUNERATION PAYABLE TO MS. SRISHTI BAWEJA, WHOLE TIME DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 61.67% · promoters 96.19% · institutions 45.39% · other public 38.28%

  6. MODIFICATION IN THE TERM OF REMUNERATION TO MS. MEGHA RAHEJA, WHOLE TIME DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 61.67% · promoters 96.19% · institutions 45.39% · other public 38.28%

  7. APPROVAL FOR THE RAISING OF FUNDS BY WAY OF PUBLIC OR PRIVATE OFFERING THROUGH A QUALIFIED INSTITUTIONS PLACEMENT / RIGHTS / FPO / ANY OTHER MECHANISM TO INVESTORS THROUGH ISSUANCE OF EQUITY SHARES OR OTHER ELIGIBLE SECURITIES BY THE COMPANYMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 61.66% · promoters 96.19% · institutions 45.39% · other public 38.28%

  8. APPROVAL FOR INCREASE IN BORROWING POWERS OF THE COMPANY
    Special
    95.53% for4.47% against

    Against: promoters 0.00% · institutions 76.23% · other public 0.00%

    Turnout: all 61.67% · promoters 96.19% · institutions 45.39% · other public 38.28%

  9. CREATION OF SECURITIES ON THE ASSET OF THE COMPANY UNDER SECTION 180(1)(a) OF THE COMPANIES ACT, 2013
    Special
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 7.53% · other public 0.00%

    Turnout: all 61.67% · promoters 96.19% · institutions 45.39% · other public 38.28%

  10. MATERIAL MODIFICATIONS TO THE MATERIAL RELATED PARTY TRANSACTIONS WITH LARSEN & TOUBRO LIMITED
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 44.85% · promoters 96.19% · institutions 45.39% · other public 6.33%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 May 2026, 3 resolutions

4,46,997 shareholders on the register on 17 Apr 2026; votes counted by Ankush Agarwal / MAKS & CO..The company's voting result (opens in a new tab)

  1. Alteration in the Share Capital of the Company by way of Sub-Division/ Split of the existing Equity Shares of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.86% · promoters 96.07% · institutions 64.77% · other public 41.57%

  2. Alteration of Clause V (Capital Clause) of the Memorandum of Association of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.86% · promoters 96.07% · institutions 64.77% · other public 41.57%

  3. Alteration in the Articles of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.86% · promoters 96.07% · institutions 64.77% · other public 41.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Apr 2026, 1 resolution

70,329 shareholders on the register on 20 Mar 2026; votes counted by Ankush Agarwal / MAKS & CO..The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. KARTHIK REDDY BEZAWADA (DIN: 02214476) AS AN INDEPENDENT DIRECTOR
    Special
    93.81% for6.19% against

    Against: promoters 0.00% · institutions 84.73% · other public 0.00%

    Turnout: all 64.42% · promoters 96.07% · institutions 62.95% · other public 41.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Oct 2025, 4 resolutions

54,507 shareholders on the register on 26 Sep 2025; votes counted by Ankush Agarwal / MAKS & CO..The company's voting result (opens in a new tab)

  1. Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 2.71% · other public 0.00%

    Turnout: all 63.11% · promoters 96.07% · institutions 45.22% · other public 40.28%

  2. Raising of funds by way of public or private offering through a Qualified Institutions Placement / Rights / FPO / Any other mechanism to Investors through Issuance of equity shares or other eligible securities by the company.MoreLess
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 2.71% · other public 0.00%

    Turnout: all 63.11% · promoters 96.07% · institutions 45.22% · other public 40.28%

  3. Re-appointment of Mr. Tarun Dua, Managing Director (DIN:02696789) of the Company and remuneration payable to him for the period from January 31, 2026, till January 30, 2031
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.11% · promoters 96.07% · institutions 45.22% · other public 40.28%

  4. Re-appointment of Ms. Srishti Baweja (DIN: 08057000), Whole Time Director of the Company and remuneration payable to her for the period from January 31, 2026, till January 30, 2031.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.11% · promoters 96.07% · institutions 45.22% · other public 40.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 9 resolutions

54,211 shareholders on the register on 19 Sep 2025; present: 3 promoters and 117 others; votes counted by Ankush Agarwal / MAKS & CO..The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.93% · promoters 96.07% · institutions 50.35% · other public 41.18%

  2. Appointment of Director in place of Ms. Srishti Baweja (DIN: 08057000), who retires by rotation and being eligible, offers herself for re-appointment, as a Director
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.45% · other public 0.00%

    Turnout: all 63.92% · promoters 96.07% · institutions 50.35% · other public 41.17%

  3. Appointment of M/s. MAKS & CO., Company Secretaries in Practice [Firm Registration Number P2018UP067700] as Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.92% · promoters 96.07% · institutions 50.35% · other public 41.17%

  4. Appointment of Mr. Ashish Bhupendra Fafadia (DIN: 06663764) as an Independent Director (Non-Executive).
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.23% · other public 0.00%

    Turnout: all 63.93% · promoters 96.07% · institutions 50.35% · other public 41.18%

  5. To Approve Increase of Borrowing Powers by the Company.
    Special
    95.80% for4.20% against

    Against: promoters 0.00% · institutions 80.98% · other public 0.00%

    Turnout: all 63.93% · promoters 96.07% · institutions 50.35% · other public 41.18%

  6. To Creation of Securities on the Asset of The Company under Section 180(1)(A) of Companies Act, 2013.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.58% · other public 0.00%

    Turnout: all 63.92% · promoters 96.07% · institutions 50.35% · other public 41.17%

  7. Approval of amendments to the E2E Networks Limited Employees Stock Option Scheme – 2021.
    Special
    95.79% for4.21% against

    Against: promoters 0.00% · institutions 80.98% · other public 0.03%

    Turnout: all 63.93% · promoters 96.07% · institutions 50.35% · other public 41.18%

  8. Approval for change in object of utilization of funds amounting to Rs. 405.66 Crore raised via Preferential Allotment of 23,93,959 Shares and authorizing pledge of unutilized
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.93% · promoters 96.07% · institutions 50.35% · other public 41.18%

  9. Approval for change in object of utilization of funds amounting to Rs. 1079.28 Crore raised via Preferential Allotment of 29,79,579 Shares and authorizing pledge of unutilized
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.93% · promoters 96.07% · institutions 50.35% · other public 41.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 23 Jun 2025, 1 resolution

51,478 shareholders on the register on 16 Jun 2025; present: 3 promoters and 64 others; votes counted by Ankush Agarwal / MAKS & CO..The company's voting result (opens in a new tab)

  1. 1. Appointment of Ms. Sonu Gosain Soni (DIN: 11003461) as an Independent Director.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.29% · other public 0.00%

    Turnout: all 45.52% · promoters 96.07% · institutions 48.85% · other public 6.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Jan 2025, 3 resolutions

35,483 shareholders on the register on 29 Nov 2024; votes counted by ANKUSH AGARWAL / MAKS & CO..The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MS. SHRIMATI AMBASTHA {DIN: 08393018) AS A NON-EXECUTIVE, NON-INDEPENDENT DIRECTOR OF THE COMPANY
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.73% · other public 0.00%

    Turnout: all 54.36% · promoters 92.96% · institutions 34.65% · other public 9.43%

  2. APPOINTMENT OF MR. PRASHANT CHIRANJIVE JAIN (DIN: 06828019) AS A NONEXECUTIVE, NON-INDEPENDENT DIRECTOR OF THE COMPANY
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.73% · other public 0.00%

    Turnout: all 54.36% · promoters 92.96% · institutions 34.65% · other public 9.43%

  3. APPOINTMENT OF MS. MEGHA RAHEJA (DIN: 10855604), CHIEF FINANCIAL OFFICER (CFO) OF THE COMPANY, AS WHOLE TIME DIRECTOR AND CFO
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.73% · other public 0.00%

    Turnout: all 54.36% · promoters 92.96% · institutions 34.65% · other public 9.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 27 Nov 2024, 4 resolutions

Present: 4 promoters and 47 others.The company's voting result (opens in a new tab)

  1. Issuance of Equity shares to the persons/entities belonging to the ‘Non-Promoter Category’ on a Preferential Basis.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.79% · promoters 96.42% · institutions 69.67% · other public 21.44%

  2. Approval of Special Rights proposed to be granted to Larsen and Toubro Limited (“L&T”)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.79% · promoters 96.42% · institutions 69.67% · other public 21.44%

  3. Amendment of the Articles of Association of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.79% · promoters 96.42% · institutions 69.67% · other public 21.44%

  4. Approval for Material Related Party Transactions with Larsen and Toubro Limited (“L&T”)
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.00%

    Turnout: all 11.46% · promoters 0.00% · institutions 69.67% · other public 15.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 21 May 2026, 2 fund houses

  • Alteration in the Share Capital of the Company by way of Sub-Division/ Split of the existing Equity Shares of the Company
    2 for0 against
  • Alteration of Clause V (Capital Clause) of the Memorandum of Association of the Company
    2 for0 against
  • Alteration in the Articles of Association of the Company
    2 for0 against

Mutual fund votes, meeting of 24 Apr 2026, 2 fund houses

  • APPOINTMENT OF MR. KARTHIK REDDY BEZAWADA (DIN: 02214476) AS AN INDEPENDENT DIRECTOR
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundCompliant with law. No concern on merit of proposed appointee. Governance Concern: The proposed appointee has not served the cooling-off period of three years following the cessation of significant shareholding by the associated shareholder company.
    1 for1 against
3 earlier meetings

Mutual fund votes, meeting of 30 Oct 2025, 2 fund houses

  • Increase in Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association
    2 for0 against
  • Raising of funds by way of public or private offering through a Qualified Institutions Placement / Rights / FPO / Any other mechanism to Investors through Issuance of equity shares or other eligible securities by the company.MoreLess
    2 for0 against
  • Re-appointment of Mr. Tarun Dua, Managing Director (DIN:02696789) of the Company and remuneration payable to him for the period from January 31, 2026, till January 30, 2031
    2 for0 against
  • Re-appointment of Ms. Srishti Baweja (DIN: 08057000), Whole Time Director of the Company and remuneration payable to her for the period from January 31, 2026, till January 30, 2031.
    2 for0 against

Mutual fund votes, meeting of 26 Sep 2025, 2 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2025
    2 for0 against
  • Appointment of Director in place of Ms. Srishti Baweja (DIN: 08057000), who retires by rotation and being eligible, offers herself for re-appointment, as a Director
    2 for0 against
  • Appointment of M/s. MAKS & CO., Company Secretaries in Practice [Firm Registration Number P2018UP067700] as Secretarial Auditors of the Company.
    2 for0 against
  • Appointment of Mr. Ashish Bhupendra Fafadia (DIN: 06663764) as an Independent Director (Non-Executive).
    2 for0 against
  • To Creation of Securities on the Asset of The Company under Section 180(1)(A) of Companies Act, 2013.
    2 for0 against
  • Approval of amendments to the E2E Networks Limited Employees Stock Option Scheme – 2021.
    Against Bandhan Mutual Fund
    • Bandhan Mutual Fund"The company proposes to amend their ESOP Scheme 2021 to increase the maximum vesting period from four years to seven years, while not changing the minimum vesting period of one year. The company also proposes to change the exercise period from a fixed period of two years from the date of vesting to allow the NRC to presribe a longer period on a case-to-case basis. The amendmnets w.r.t. the change in vesting period will only be applicable to only future grants whereas the change in exercise period will be applicable to existing grants as well as future grants. We understand that these amendments are in line with statutory requirements. However, we raise concern regardign the contours of the ESOP 2021 scheme. The scheme prescribes an exercise price at the discretion of the NRC while carrying time-based vesting. We believe this scheme does not align with the interests of the minority investors, given the potential for grants at a large discount to market price. Since we do not support this scheme, we do not support these amendments. We do not support this resolution."
    1 for1 against
  • Approval for change in object of utilization of funds amounting to Rs. 405.66 Crore raised via Preferential Allotment of 23,93,959 Shares and authorizing pledge of unutilized
    2 for0 against
  • Approval for change in object of utilization of funds amounting to Rs. 1079.28 Crore raised via Preferential Allotment of 29,79,579 Shares and authorizing pledge of unutilized
    2 for0 against
1 proposal not matched to one resolution
  • To borrow from time to time, any sum of monies, which together with the monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company’s bankers in the ordinary course of business) which may exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose provided that the total outstanding amount so borrowed shall not at any time exceed the limit of Rs. 5000,00,00,000/- over and above the aggregate of the paid-up capital of the Company and its free reserves and securities premium.MoreLess
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundThe company has stated that to fund its expansion plans and to fulfill future loan disbursements, the current borrowing limit of Rs. 10.0 bn may be inadequate given the company’s growing operations and other needs. The company’s borrowing as on 31 March 2025 stood at Rs. 114.1 mn. We recognize that the company may require funds for business expansion. Even so, we believe that there is sufficient headroom available under the current approved limit of Rs. 10.0 bn. At Rs. 50.0 bn over and above the current networth of the company, the proposed borrowing limit is 4x the net worth as on 31 March 2025: which is high. Further, the proposed limit is structured as a rolling limit linked to the company’s net worth; we do not support such rolling limits. The company must seek approval for an absolute limit. We do not support this resolution.
    1 for1 against

Mutual fund votes, meeting of 23 Jun 2025, 1 fund house

  • 1. Appointment of Ms. Sonu Gosain Soni (DIN: 11003461) as an Independent Director.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesDec 2024, checked by Care Rating Limited1,079.28Capital Expenditures towards IT Equipment.878.40878.40No
Preferential IssuesDec 2024, checked by Care Rating Limited1,079.28Repayment of outstanding loan including interest accrued thereon100.00100.00No
Preferential IssuesDec 2024, checked by Care Rating Limited1,079.28General Corporate Purposes0.880.88No
Preferential IssuesDec 2024, checked by Care Rating Limited1,079.28Working Capital100.00100.00No
QIPFeb 2026, checked by Care Rating Limited107.00Funding the capital expenditure of Company towards procurement of, inter alia, cloud compute infrastructure, including cloud GPUs and traditional compute, and other related IT equipment81.600.00No
QIPFeb 2026, checked by Care Rating Limited107.00General corporate purposes20.600.00No
QIPFeb 2026, checked by Care Rating Limited107.00Issue Expenses4.804.57No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.