Tejas Networks

Tejas Networks Limited allotted 289,790 equity shares on October 31, 2025, following the exercise of stock options by eligible employees under three stock option plans. The allotment included 1,400 shares under the 2016 Employee Stock Option Plan at Rs. 85 per share, 1,687 shares under the 2017 Restricted Stock Unit Plan at Rs. 10 per share, and 286,703 shares under the 2022 Restricted Stock Unit Plan at Rs. 10 per share. Following this allotment, the company's paid-up share capital increased to Rs. 177.16 crores, comprising 17.71 crore equity shares of Rs. 10 each, up from the previous Rs. 176.87 crores divided into 17.69 crore equity shares.

Tejas Networks reported quarterly revenue of Rs 262 crores compared to Rs 202 crores in the previous quarter, marking 30% quarter-on-quarter growth. However, the company posted a loss of Rs 307 crores versus Rs 194 crores loss in the previous quarter. The loss included Rs 190 crores in provisions for inventory obsolescence, contract manufacturing process losses, and warranty expenses. The company's order book stood at Rs 1,200 crores compared to Rs 1,241 crores previously. Revenue mix remained 79% India and 21% international. The company is awaiting BSNL's Rs 1,500 crore add-on purchase order for 18,000 sites, which TCS has received as advance purchase order but hasn't converted to purchase order yet. BSNL has launched 4G services across 97,500 cell towers using Tejas equipment, carrying 4 petabytes of daily data traffic with 26 million active subscribers. Receivables stood at Rs 4,026 crores with Rs 700 crores collected during the quarter, while borrowings reached Rs 4,166 crores primarily for working capital needs. The company launched new products including 64T64R massive MIMO radio and 1.2 Tbps DWDM transmission system, and filed 39 patents bringing total to 587.

Tejas Networks has secured a Telecom Capacity Augmentation Project with PowerGrid Teleservices (PowerTel), a subsidiary of Power Grid Corporation of India. The project involves designing, supplying, installing, testing, commissioning and integrating a 400Gbps DWDM system for new greenfield sites and upgrading existing links across PowerTel's pan-India network. Tejas will deploy its TJ1600 DWDM/OTN product, which can deliver up to 1.2Tbps over a single wavelength and supports alien wavelength technology. The upgrade aims to address growing demand for high-bandwidth connectivity from data center providers, telecom operators, government and large enterprises. Tejas Networks operates in over 75 countries and is part of the Tata Group, with Panatone Finvest Ltd. being the majority shareholder.