Tejas Networks has achieved a significant milestone in India's digital infrastructure expansion by completing the delivery of 17,000 IP/MPLS routers for the BharatNet Phase III project. The company announced this major accomplishment through an official press release, marking a crucial step forward in the government's ambitious plan to enhance rural connectivity across the nation.

Project Scope and Implementation

The BharatNet Phase III initiative represents one of India's most extensive rural connectivity projects, with Tejas Networks positioned to play a central role in its implementation. The company's TJ1400 routers are currently being deployed across 9 states and 5 union territories by Project Implementation Agency partners, with multiple locations already carrying live traffic.

Technology and Infrastructure Impact

Tejas Networks' TJ1400 routers feature the company's pioneering Software-defined Hardware™ architecture, designed to build terabit-scale IP/MPLS networks that meet stringent performance benchmarks. The indigenously designed carrier-class router portfolio ensures a flexible, scalable and reliable middle mile network for BharatNet, supporting the government's digital empowerment initiative for rural India.

Executive Commentary

Arnob Roy, Chief Operating Officer and Executive Director of Tejas Networks, emphasized the strategic importance of this achievement: "Government of India's BharatNet is a flagship program for the digital empowerment of rural India through ubiquitous high-speed broadband connectivity. Today's announcement serves as a strong endorsement of our world-class capabilities in this complex technology area and reflects our emergence as a high-quality, global-scale supplier of IP/MPLS routers for critical infrastructure networks."

Strategic Significance for Digital India

This delivery milestone positions Tejas Networks as a key contributor to India's rural digitalization efforts. The successful deployment demonstrates the company's manufacturing capabilities and technical expertise in developing networking solutions suitable for diverse geographical and operational requirements. The BharatNet Phase III project aims to bridge the digital divide by providing reliable internet access to remote communities, facilitating access to digital services, e-governance platforms, and online educational resources across thousands of Gram Panchayats and blocks nationwide.

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.