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.

Tejas Networks Limited has announced the allotment of 58,844 equity shares on March 09, 2026, following the exercise of stock options by eligible employees under the company's various employee stock option plans. The allotment represents a significant employee participation in the company's equity structure through established stock compensation programs.

Employee Stock Option Plan Details

The share allotment was executed across five distinct employee stock option plans, each with different exercise prices and participation levels. The distribution demonstrates the company's multi-tiered approach to employee equity compensation.

The Tejas Restricted Stock Unit Plan 2022 accounted for the largest portion of the allotment with 31,567 shares, representing approximately 53.65% of the total shares allotted. The 2017 restricted stock unit plan contributed 15,177 shares, while the older stock option plans from 2014 and 2016 contributed smaller portions.

Impact on Share Capital Structure

The allotment has resulted in a measurable increase in the company's paid-up share capital structure. The financial impact reflects the conversion of employee stock options into actual equity ownership.

The increase in paid-up share capital amounts to ₹5,88,440, which corresponds exactly to the 58,844 newly allotted shares at the face value of ₹10 each. This mathematical precision confirms the accurate execution of the stock option exercise process.

Regulatory Compliance and Share Rights

The company has informed both the National Stock Exchange of India Limited and BSE Limited about the allotment in compliance with regulatory requirements under Regulation 30. 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.

The allotment demonstrates the company's commitment to employee participation in equity ownership while maintaining proper regulatory compliance and transparent communication with stock exchanges and stakeholders.