E2E Networks Limited Issues Corporate Announcement on Share Allotment and Capital Increase

Strategic Insights -

E2E Networks Limited, a leading technology firm, has made a significant announcement regarding the allotment of equity shares to its employees under the Employee Stock Option Scheme 2018 and 2021. Pursuant to the allotment, the company's issued, subscribed, and paid-up equity share capital has increased from ₹19,97,65,640 to ₹20,10,08,890. This increase is a result of the allotment of 1,09,025 equity shares to the E2E Networks Limited Employees Welfare Trust and 15,300 equity shares to eligible employees under the Employee Stock Option Scheme 2018.

Key Takeaways:

  • The Nomination and Remuneration Committee of E2E Networks Limited has approved the allotment of 1,09,025 equity shares to the E2E Networks Limited Employees Welfare Trust under the Employee Stock Option Scheme 2021.
  • The Committee has also approved the allotment of 15,300 equity shares to eligible employees upon exercise of options vested under the Employee Stock Option Scheme 2018.
  • The increase in the company's issued, subscribed, and paid-up equity share capital is a result of the net allotment of 1,24,325 equity shares.
  • The number of equity shares outstanding in the company has increased from 1,99,76,564 to 2,01,00,889.
  • The detailed disclosure pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular is enclosed in Annexure-1.

Statistics:

  • The company's equity share capital has increased from ₹19,97,65,640 to ₹20,10,08,890.
  • The total number of equity shares outstanding in the company has increased from 1,99,76,564 to 2,01,00,889.
  • The Company has issued 2,01,00,889 equity shares of ₹10 each, consisting of 1,09,025 equity shares to the E2E Networks Limited Employees Welfare Trust and 15,300 equity shares to eligible employees.
  • The increase in the issued, subscribed, and paid-up equity share capital is 2.5%.

Sources:

  • National Stock Exchange of India Limited
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • E2E Networks Limited (www.e2enetworks.com)