E2E Networks Limited

Accelerated Cloud Computing Platform CIN NUMBER -

L72900DL2009PLC341980

Regd. Office : Awfis, First Floor, A-24/9, Mohan Cooperative Industrial Estate,
Mathura Road, Saidabad, New Delhi-110044, Phone +011-4084-4964
Email : [email protected], Website https://www.e2enetworks.com/

November 14, 2023

To,
Corporate Communications Department,
The National Stock Exchange of India Ltd.
Exchange Plaza, Plot no. C/1, G Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai-400051

Scrip Code/Symbol: E2E

Sub: Investors Presentation

Ref: Information under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”)
for of Conference Call with Analyst(s) / Institutional Investor(s)

Dear Sir/Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, Earnings Presentation of the Company for the Quarter and
Half Year ended September 30, 2023.

The same shall also be uploaded on Company’s website.

This is for your information and record.

Thanking You.

Yours faithfully
For E2E Networks Limited

Tarun Dua Digitally signed by Tarun Dua

Date: 2023.11.14 22:33:35 +05'30'

Tarun Dua
Managing Director & CEO

Encl.: As above
NSE: E2E

E2E Networks
Limited
NSE Listed, AI-First
Hyperscaler
Earnings Presentation – Q2/H1-FY24
E2E Networks
India-Born AI-First
Hyperscale Cloud Service
Provider

FY24-Q2 Financial Highlights H1-FY24 Financial Highlights

INR 216 Mn INR 112 Mn 51.85% INR 411 Mn INR 214 Mn 52.07%
FY24 Q2 Revenue FY24 Q2 EBITDA FY24 Q2 EBITDA Margin H1-FY24 Revenue H1-FY24 EBITDA H1-FY24 EBITDA Margin
+30.9% YoY +34.9% YoY +155 Bps YoY +29.7% YoY +37.2% YoY +286 Bps YoY

INR 58 Mn 26.85% INR 3.94 INR 128 Mn 26.85% INR 8.68

FY24 Q2 PAT FY24 Q2 PAT Margin FY24 Q2 Diluted EPS H1-FY24 PAT H1-FY24 PAT Margin H1-FY24 Diluted EPS
+123.1% YoY +1,109 Bps YoY +117.7% YoY +146.2% YoY +1,474 Bps YoY +145.9% YoY

2 E2E Networks Limited

Key Financial Metrics (Revenue & Net Worth)

Total Revenues (INR Mn)

Net Worth (INR Mn)

700 670
700
600
625
522 600

500 494
411 500
363
400 385
400

300 274
300

200
200

100 100

0 0
FY21 FY22 FY23 H1-FY24 FY21 FY22 FY23 H1-FY24

3 E2E Networks Limited

Key Financial Metrics (EBITDA & PAT)

EBITDA (IN Mn) & EBITDA Margins (%) PAT (INR Mn) & PAT Margins (%)

350 330

300

230 128
250 214 150
35.90%
200 52.82% 99
49.85%
100
150 44.32% 12.52% 14.95%
103 65
100
50
29.18% -3.40%
50

0
0
FY21 FY22 FY23 H1-FY24
-12

-50
FY21 FY22 FY23 H1-FY24

4 E2E Networks Limited

Key Financial Metrics (MRR)

Monthly Recurring Revenue (INR Mn)

80
72
68
61
56 58
60
51
49
47
43
39
40 35

20

0
Mar'21 Jun'21 Sep'21 Dec'21 Mar'22 Jun'22 Sep'22 Dec'22 Mar'23 June'23 Sep'23

5 E2E Networks Limited

 Capital Market Information

Price Data (As on 30ᵗʰ September, 2023) INR

Face Value 10.0

CMP 401.2

52 Week H/L 416.9 / 136.0

Market Cap (Mn) 5,806.7

No. of Share outstanding (Mn) 14.5

1 Year Avg. Trading Volume ('000) 46.4

6 E2E Networks Limited

Q2-FY24 Key Operational Highlights

TIR - AI Platform Committed Nodes on TIR Node Compliance & Security

Inference feature released on TIR Committed Node plans for CPU and GPU Node Compliance and Security features
Platform. Inference helps model plans on TIR Platform helps customers were launched where customers have
standardized deployment and helps in save on their deployment costs by monitoring capabilities for intrusion
scalable AI workloads. committing for longer duration. detection, vulnerability detection, and
compliance monitoring for their nodes.

Extended Dataset Support E2E Container Registry (ECN) Scalable File System Update
Datasets features have been extended on E2E Container Registry (ECN) was On MyAccount, the following features
TIR platform with option to mount launched for customers to host their were added to Scalable File System (SFS)
selected datasets on notebook creation container registries. Features for cloning product - Snapshot, Resize, Clone, Backup
and adding/removing mounted datasets their existing registries are available.
from a running notebook

7 E2E Networks Limited

E2E Networks at a glance

MISSION NVIDIA Partner with

Member of Intel Cloud
deep visibility into
Builders program
AI /ML ecosystem
To provide scalable, accessible and affordable
AI/ML and cloud platform needed by
developers, data scientists, startups, Licensing relationship
enterprises, higher education and government with BitNinja,
Access to latest AMD
bodies. SoftwareOne,
server processors
Connectwise, LLC
(R1Soft)

2600+
Microsoft
Active Customers NSE Listed NVIDIA Partner AMD Partner Intel Partner
SPLA-Partner

8 E2E Networks Limited

 Journey Till Date
Journey to NSE listing and becoming a pioneering GPU cloud provider in India.

Inception 100 Customers 900 Customers GPU Cloud NSE Main Board
Inception of the Reached the Reached the Launched GPU Cloud Listed on main board
company - E2E milestone of 100 milestone of 900 in partnership with of NSE.
Networks Ltd. customers. customers. NVIDIA.

2009 2012 2017 2019 2022

AI-First Hyperscaler
2023 Mature Cloud Platform
with 2600+ customers.
Launch of TIR AI/ML
Platform. Scaling with
the vision to be India’s
premium AI-first
2011 2014 2018 2021 hyperscaler.

Seed Investment Second Funding NSE Emerge 2000+ Customers

Seed Investment Second round of IPO listing on NSE Mature Cloud Platform
facilitated by Blume funding finalized with Emerge received with 2000+ customers,
Ventures. Blume Ventures and huge response and ISO Certified, IPv6
others. was subscribed up-to support.
70 times.

9 E2E Networks Limited

 E2E Cloud Platform
Cloud GPUs TIR - Machine Learning Platform
Array of advanced Cloud GPU GPU-backed Machine Learning
products for enterprise machine platform packaged with top open
learning and Generative AI source frameworks and built for
workloads. advanced AI.

Linux Cloud Cloud Solutions

Highly performant and Ecosystem of Cloud Solutions
affordable CPU Intensive and like LB, DBaaS, Firewall,
Memory Intensive Compute Containers, Auto Scaling and
Cloud powered by Linux. more.

Windows Cloud Storage Cloud

Highly performant, scalable and Highly scalable and cutting-
affordable Windows Compute edge Storage Cloud with Object
Cloud with Windows Server and Storage and Block Storage.
MS SQL.

10 E2E Networks Limited

 BATTLE-TESTED CLOUD SOLUTIONS
E2E Cloud provides an array of cloud solutions built on battle tested open
source technologies that scale.

SCALABLE FILE
TIR - AI PLATFORM CLOUD GPUs GPU Clusters APIs
SYSTEM

COMPUTE DBAAS OBJECT STORAGE LOAD BALANCERS AUTO SCALE

CONTAINERS MULTI REGION BLOCK STORAGE VPC SQS

11 E2E Networks Limited

 CLOUD GPU PRODUCTS
Unbeatable Performance. Unmatched Price-Performance Ratio.
India Data Centers.

HGX H100 80GB AI GPU Dedicated Compute with

Supercomputer Tesla v100
H100 - The most advanced AI supercomputer for large
01 04 NVIDIA® Tesla® V100 Tensor Core is the most advanced
scale training that enables Enterprises to train and data center GPU ever built to accelerate AI, high
launch foundation models. The most advanced GPU performance computing (HPC), data science and
from NVIDIA, 30x faster from its predecessor.. graphics.

GPU Dedicated Compute with GPU Dedicated Compute with

A100 ( 40GB/80 GB) T4
A100 - The Universal System for All AI Infrastructure that
02 05 The NVIDIA T4 GPU accelerates diverse cloud
enables Enterprises to consolidate training, inference, workloads, including high-performance computing,
and analytics using World's most advanced accelerator. deep learning training and inference, machine learning,
Currently one of the most sought after GPU on E2E. data analytics, and graphics.

GPU Dedicated Compute with Cloud vGPUs using NVIDIA’s

RTX8000 / A30 / A40 Multi Instance GPU Technology
GPU for modern workloads in the cloud, for AI, data
03 06 Cloud vGPUs are best suited for entry level GPU
sciences, HPC and remote working cloud workstations accelerated workloads. MIG works with Linux operating
engineering design and creative/VFX users. NVIDIA A40 systems, supports containers using Docker Engine, with
GPU is an evolutionary leap in performance and multi- support for Kubernetes. MIG allows multiple vGPUs (and
workload capabilities from the data center, combining thereby VMs) to run in parallel on a single GPU while
best-in-class professional graphics with powerful compute preserving the isolation guarantees that vGPU provides.
and AI acceleration to meet today’s design, creative, and
scientific challenges.

12 E2E Networks Limited

 TIR - AI PLATFORM
GPU and CPU-backed notebooks, bundled with frameworks,
datasets and models, built for AI and Data Science

POWERED BY JUPYTER BUNDLED WITH FRAMEWORKS

TIR is built on Jupyter, the open TIR is bundled together with latest
source web-based interactive drivers, frameworks, that allow data
computing platform. scientists to leverage GPU capabilities.

GPU OR CPU BACKED ACCESS TO AI MODELS

TIR notebooks can be CPU or GPU TIR provides access to choice datasets
backed, including advanced GPUs and models, making it extremely easy for
like A100 for intensive ML workloads. data scientists to gets started.

13 E2E Networks Limited

 PLAYING A PIVOTAL ROLE IN AI / ML
ECOSYSTEM IN INDIAN MARKET

Open Source Image Audio

LLMs Generation Generation
Llama2, Falcon 40B, OpenJourney, Stable AudioGen,
MPT 30B Diffusion MusicGen, BarkTTS

Vision ASR, Speech NLP

Models to Text

YoloV8, DinoV2, ViT- Wav2Vec2, NeMo, Vicuna, Guanaco

Pytorch, Athena

14 E2E Networks Limited

 CPU Intensive Cloud
High performance computing in the Cloud for CPU Intensive workloads,

Linux Cloud
applicable for numerous industry verticals.

CPU Intensive Cloud C3 Series

ThirdGeneration C3 series for features like Quick Service Recovery
(QSR), Snapshots and Images, with faster IOPS and faster launch times.
Benefits

India Data Centers

Memory Intensive Cloud
Highly Secure
Third Generation M3 series brings features like Quick Service Recovery
Superb Performance
(QSR), Snapshots and Images, faster IOPS and faster launch times.
Quick Deployment
Backup / Restore Capabilities
High Memory Cloud M3 Series Add-on IPs
Offering double the amount of vCPUs and triple the amount of RAM at
Optimized Pricing
the same price compared to the first generation.

15 E2E Networks Limited

Windows Cloud Windows Cloud
Top choice for Windows computing nodes, and for running Windows-
based applications. Affordable, scalable, reliable, and secure cloud
solution tailored specifically for Windows users, supporting Windows
Server Editions including 2019, 2016, and 2012 R2 (Standard).
Benefits

India Data Centers

Affordable
Scalable
Highly Performant MS SQL on Windows
Secure
Ultimate cloud solution for Windows MS SQL, making it the ideal
Reliable platform for database workloads. Swift scaling up of capacity, with
Physical CPU Cores ability to commission servers as needed in minutes. Both MS SQL
Standard and Web Editions as part of the plans, giving the flexibility
required for database needs.

16 E2E Networks Limited

 ENGINEERING TECHNOLOGIES FOR AN
INTEGRATED CLOUD PLATFORM

OpenNebula ntop

MinIO ZABBIX

LINSTOR Ceph

DRBD RabbitMQ

KVM Kubernetes

Open vSwitch Fortinet Virtual

Firewall

17 E2E Networks Limited

 STRATEGIC OVERVIEW

Fully Self-Service Platform Constant deployment of new

Customers demand increased control over their inventory
environment and want to be able to plugin their devops, 02 New inventory leveraging strong OEM relationships results in
security and other platforms into E2E Cloud using APIs and
the self-service control panel for an instant delivery of 03 constant infusion of new Cloud Inventory which allows for
Cloud Services evangelization to larger number of trial customers for the
purpose of comparison and in improving conversions.

Competitive Edge due to

In-house Software 01 Larger Scale of Operations
Research & software development is a high performance team
06 Results in a linear scale of opex cost increase while resulting
at E2E Networks. Open Source Base of our entire platform in overall decline as a percentage of revenue, resulting in
allows us to control our entire stack and the flexibility to charge
customers as per their requirements and NOT driven by
04 increased EBIDTA.

licensing policies of large software ISVs.

Targeting SMEs, Startups and
Battle tested Scalable 05 Institutions focused on
Platform affordability
As the Global Economy sees contraction, the profitability focus
Cloud Platform built by the Product Team at E2E that
has returned to the technology industry and this makes value
has worked with a dozen plus Indian Unicorns to help
players like E2E more desirable.
scale their workloads from startup to Unicorn stage.

18 E2E Networks Limited

RECENT LAUNCHES

Tir - Advanced Jupyter Notebook Framework E2E Container Registry

Provides data scientists in research labs and Enables storing private container
organizations with an efficient environment images for EKS (E2E Cloud Kubernetes
for expediting AI model development and Service)
training

Snapshot Lifecycle Management E2E Queue Service

E2E DBaaS(Database As A Service ) SQS compliant service which enables
easier snapshots and cleanup based asynchronous scaling of applications
on conditions (rules)

Bucket Replication feature

Advanced Load Balancer features
It’s on EOS (E2E Object
Better Traffic Routing capabilities based on
Storage),which lets users
many additional criteria
maintains a copy of their objects in
a secondary location

19 E2E Networks Limited

 CUSTOMERS ON E2E CLOUD

Computing
Services India

20 E2E Networks Limited

 CUSTOMERS RUNNING AI WORKLOADS

21 E2E Networks Limited

MANAGING DIRECTORS & PROMOTERS

Tarun Dua
CEO & Managing Director

He holds a degree of Bachelor of Technology (Computer Engineering) from REC Kurukshetra. He has
experience of more than 20 years in the field of Open source, Linux, virtualization, WebScale, Networks
Operations and Cloud Computing Domain. He has been the director of the Company since Incorporation.
He manages overall operation of the company.

Srishti Baweja
COO & Whole-Time Director

She holds degree in B. Com (H) from prestigious S.R.C.C, Delhi University, and completed Chartered
Accountancy in November 2004. She has 18 years of experience in the field of finance, compliance, and
accounting. She has helped to establish the finance function as a CFO through the early stage of the growth
phase of the company. She is responsible for overall operations and management of the company along
with Tarun Dua.

22 E2E Networks Limited

 STELLAR LEADERSHIP TEAM

Mohammed Imran Kesava Reddy Megha Raheja Ashish Charan

Chief Technology
Chief Revenue Officer Chief Financial Officer Asst. Vice President
Officer
Sales

Extensive experience in cloud 21+ years of experience in B2B Megha is a Chartered Ashish V. Charan is a result-
computing, networking, and sales and heads sales at E2E Accountant with over 21 years of oriented professional with 7
open source software. Avid user Networks. Worked for half a experience in IT/ITES and years of experience in Sales. He
and supporter of FOSS. Leads dozen startups on enterprise telecom industry. She has has set up high performance
technology team to build sales, building sales processes diverse experience in Financial sales teams and processes from
innovative and reliable products and growing high-performing Accounting & Reporting, scratch, mentoring and coaching
using open source tech. sales teams. Taxation, Treasury & Banking, individuals. He is highly
Budgeting, Mergers & proficient in data center and
Acquisitions. cloud technologies.

23 E2E Networks Limited

 INDEPENDENT DIRECTORS

Mr. Aditya Bhushan Mr. Varun Pratap Rajda Mr. Gaurav Munjal Mr. Naman Sarawagi
Independent Director Independent Director Independent Director Independent Director

He is a seasoned professional with skills in Graduated from IIT Bombay and has He holds professional experience of over
creating business value for customers by He is a Chartered Accountant working as a professional experience of almost 15 12 years and has been part of early teams
designing solutions, transferring these founding partner of Constellation Blu, with years. He is the Managing Director of of Popular startups like Freecharge and
into processes, embedding technology more than 12 years of experience. Varun Infollion Research ( recently listed on NSE- Zipdal. He is also the founder of
into processes thereby making them into leads team on restructuring and cross- Emerge )which is the one of the largest Refrens.com. He has invested in and
consistent delivery platforms. border set-up (US and Singapore), and most comprehensive network of advises multiple startups on product and
He has done MBA from Faculty of Transaction Services, Financial retainers, subject matter experts in the world. He has marketing.
Management Studies, Delhi University and MIS, and Financial Planning and Analysis. been working at the junction of He holds a B.Tech degree from Maharshi
is a Bachelors in Business Studies, Delhi Works with founders on bringing finance technology and HR in the on-demand Dayanand University, Haryana.
University. prudence and controls. employment space for almost a decade.

24 E2E Networks Limited

 ACCOLADES

Successful expansion, strong Commitment to safety, security, & Achieved Times Business Award for excellence in the field of Cloud
financial performance, innovation compliance. & AI.
and adaptability, and business
excellence.

25 E2E Networks Limited

Quarterly Financial Performance
PARTICULARS (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q
Operational Revenue 216 165 30.9% 195 10.8%
Total Expenses 104 82 26.8% 92 13.0%
EBITDA 112 83 34.9% 103 8.7%
EBITDA Margins (%) 51.85% 50.30% 155 Bps 52.82% (97) Bps
Other Income 4 1 NA 3 33.3%
Depreciation 25 47 (46.8%) 19* 31.6%

Finance Cost 4 1 NA 2 NA
PBT 87 36 NA 85 2.4%
Tax 29 10 NA 15 93.3%
PAT 58 26 NA 70 (17.1)%
PAT Margins (%) 26.85% 15.76% NA 35.90% (905) Bps
EPS (INR) 4.00 1.83 NA 4.82 (17.0)%
Diluted EPS (INR) 3.94 1.81 NA 4.76 (17.2)%
*During the quarter ending 30th June, 2023, the Company changed it method of depreciation from written down value "WDV" to straight line method "SLM". The life of computer equipment has been revised from 3 years to 6 years which is as per Schedule II of tile Companies Act, 2013 and also based on
technical evaluation from registered valuer. The impact of the above changes is reduction of depreciation expense by Rs. 25.7 Mil in the quarter ending 30th June 2023.

26 E2E Networks Limited

Half Yearly Financial Performance
PARTICULARS (INR Mn) H1-FY24 H1-FY23 Y-o-Y
Operational Revenue 411 317 29.7%

Total Expenses 197 161 22.4%

EBITDA 214 156 37.2%
EBITDA Margins (%) 52.07% 49.21% 286 Bps
Other Income 8 2 NA
Depreciation 44 86 (48.8)%
Finance Cost 6 2 NA
PBT 172 70 NA
Tax 44 18 NA
PAT 128 52 NA
PAT Margins (%) 31.14% 16.40% NA
EPS (INR) 8.82 3.58 NA
Diluted EPS (INR) 8.68 3.53 NA
*During the quarter ending 30th June, 2023, the Company changed it method of depreciation from written down value "WDV" to straight line method "SLM". The life of computer equipment has been revised from 3 years to 6 years which is as per Schedule II of tile Companies Act, 2013 and also based on
technical evaluation from registered valuer. The impact of the above changes is reduction of depreciation expense by Rs. 25.7 Mil in the quarter ending 30th June 2023.

27 E2E Networks Limited

Historical Income Statement
PARTICULARS (INR Mn) FY21 FY22 FY23 H1-FY24
Operational Revenue 353 519 662 411
Total Expenses 250 289 332 197
EBITDA 103 230 330 214
EBITDA Margins (%) 29.18% 44.32% 49.85% 52.07%
Other Income 10 3 8 8
Depreciation 123 178 201 44

Finance Cost 2 2 5 6
PBT (12) 53 132 172
Tax - (12) 33 44
PAT (12) 65 99 128
PAT Margins (%) NA 12.52% 14.95% 31.14%
EPS (INR) (0.86) 4.46 6.85 8.82
Diluted EPS (INR) (0.86) 4.44 6.77 8.68
*During the quarter ending 30th June, 2023, the Company changed it method of depreciation from written down value "WDV" to straight line method "SLM". The life of computer equipment has been revised from 3 years to 6 years which is as per Schedule II of tile Companies Act, 2013 and also based on
technical evaluation from registered valuer. The impact of the above changes is reduction of depreciation expense by Rs. 25.7 Mil in the quarter ending 30th June 2023.

28 E2E Networks Limited

 Historical Balance Sheet
PARTICULARS (INR Mn) FY22 FY23 H1-FY24 PARTICULARS (INR Mn) FY22 FY23 H1-FY24
EQUITY & LIABILITIES ASSETS
Equity 385 494 625
Non-Current Assets 386 423 552
(A) Share Capital 145 145 145
(B) Other Equity 240 349 480 (A) Property, Plant & Equipment 226 229 302
Non-current Liabilities 26 49 194
(A) (i) Long term Borrowings 6 2 98 (B) Other Intangible Assets 132 136 136
(ii) Lease Liability 8 30 62 (C) Loans and Advances - - -
(B) Long-term Provisions 6 8 8 (D) Non-Current Tax Assets
16 3 -
(C) Deferred Tax Liabilities 6 9 26 (Net)
Current Liabilities 69 141 212 (E) Right of Use Asset 12 55 114
(A) (i) Short term Borrowings 3 4 29
Current Assets 94 261 479
(ii) Lease Liability 4 22 45
(B) Trade Payables 23 25 36 (A) Trade Receivables 1 6 16
(C) Other Financial Liabilities 12 57 44 (B) Cash & Cash Equivalents 38 163 370
(D) Current Tax Liabilities (Net) - - 16 (C) Other Bank Balance 30 52 41
(E) Short-term Provisions - - -
(D) Other Financial Assets 20 30 36
(F) Other Current Liabilities 27 33 42
(E) Other Current Assets 5 10 16
GRAND TOTAL - EQUITIES & LIABILITES 480 684 1,031
GRAND TOTAL – ASSETS 480 684 1,031

29 E2E Networks Limited

DISCLAIMER
E2E Networks Limited
No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation.
Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward
looking statements" based on the currently held beliefs and assumptions of the management of E2E Networks Limited (“Company”), which are expressed in good faith and in their opinion reasonable, including
those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry
results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s
business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors,
viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events
or developments.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or
invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or
commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an
exemption from registration there from.
This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers
reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and
reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any
omission from, this Presentation is expressly excluded.

Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.

For further details please contact our Investor Relations

Representatives: VALOREM ADVISORS You can also reach the company directly
Mr. Anuj Sonpal on: E2E Networks Ltd.
Tel: +91-22-49039500 Email: [email protected]
Email: [email protected] Website: https://www.e2enetworks.com/

30 E2E Networks Limited