Tejas Networks Limited has completed the allotment of 78,425 equity shares on March 25, 2026, following the exercise of stock options by eligible employees under multiple employee stock option plans. The telecommunications equipment manufacturer informed the stock exchanges about this corporate action through an official communication.

Stock Option Exercise Details

The share allotment was executed across four distinct employee stock option plans, demonstrating the company's comprehensive employee incentive structure. The distribution varied significantly across different schemes, reflecting the varying participation levels and plan structures.

The Tejas Restricted Stock Unit Plan 2022 accounted for the largest portion of the allotment, representing approximately 69.5% of the total shares issued. The newer restricted stock unit plans carried a significantly lower exercise price of Rs. 10 compared to the Rs. 85 exercise price for the earlier employee stock option plans from 2014 and 2016.

Impact on Share Capital

The allotment resulted in a measurable increase in the company's paid-up share capital structure. The financial impact demonstrates the scale of employee participation in the stock option programs.

The newly allotted equity shares will rank pari passu in all aspects with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders. This allotment represents a routine corporate action under the company's employee incentive programs, reflecting ongoing employee participation in the organization's equity growth.

Tejas Networks announced that it has secured a purchase order to supply its advanced 4G RAN (Radio Access Network) solutions for a mobile network expansion project in South Asia. This strategic win represents another milestone in the company's efforts to expand its international wireless customer base and strengthen its global market presence.

Project Details and Deployment

The order encompasses the deployment of Tejas Networks' 4G multiband radio products across multiple locations within the mobile operator's network infrastructure. This comprehensive deployment will enhance the network's capacity and coverage capabilities throughout the region.

Strategic Business Impact

Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks, emphasized the significance of this development: "We are proud to announce further progress in our pursuit to expand our international wireless business and in taking our 4G/5G mobility stack global. We look forward to growing our presence in the customer's network while replicating this success in other 4G/5G mobile networks, both in India and across the globe."

Technology and Product Portfolio

Tejas Networks offers a comprehensive wireless product suite that includes:

• 4G and 5G radio access network (RAN) offerings
• Converged 4G/5G core solution
• Multi-band and multi-mode radio units designed for flexibility and scalability
• Cost-effective deployment capabilities for diverse real-world environments

The company's award-winning TJ1400 UltraFlex baseband product provides unprecedented integration of wireless, broadband, transport, and IP network technologies in a single compact chassis, significantly reducing network build-out costs for mobile and fixed broadband operators.

Customer Partnership and Market Expansion

Dr. Kumar N. Sivaraman, Chief Technology Officer of Tejas Networks, highlighted the partnership benefits: "By inducting Tejas as their new wireless OEM, our South Asian customer now has a trusted and proven technology partner capable of addressing diverse network requirements while benefiting from greater vendor diversity. We are fully committed to support them with innovative and well-differentiated solutions to optimally meet their network performance and user experience objectives."

Company Overview

Tejas Networks Limited designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defense and government entities across over 75 countries. As part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) as the majority shareholder, the company continues to strengthen its position in the global telecommunications equipment market.