Tejas Networks Limited , a prominent player in the telecommunications equipment sector, has initiated a postal ballot process to seek shareholder approval for the appointment of Dr. Randhir Thakur as a Non-Executive, Non-Independent Director on its board. This move comes as part of the company's efforts to strengthen its leadership team with industry veterans.

Key Details of the Appointment

• Appointment Date: Dr. Thakur was initially appointed as an Additional Director on September 15, 2025.
• Voting Period: E-voting will run from October 24, 2025, to November 22, 2025.
• Results Announcement: The outcome is scheduled to be declared by November 25, 2025.
• Resolution Type: Ordinary Resolution

Dr. Randhir Thakur's Profile

Dr. Thakur brings a wealth of experience to Tejas Networks:

• Currently serves as Chief Executive Officer and Managing Director of Tata Electronics Limited
• Boasts over 40 years of semiconductor industry experience
• Holds more than 300 patents
• Recognized as an IEEE Fellow

Voting Process and Eligibility

• Shareholders on record as of October 17, 2025 (cut-off date) are eligible to vote.
• Voting rights are proportional to equity shareholding.
• The company has engaged National Securities Depository Limited (NSDL) for the e-voting process.

Compliance with Regulations

Tejas Networks has emphasized its compliance with regulatory requirements:

• The appointment follows the recommendation of the Nomination and Remuneration Committee.
• The postal ballot notice is being sent electronically to shareholders in line with MCA circulars.
• The notice is available on the company's website and NSDL's e-voting platform.

This strategic appointment could potentially bring valuable semiconductor industry insights to Tejas Networks, aligning with the company's focus on innovative telecommunications solutions. Shareholders will play a crucial role in this corporate action by exercising their voting rights through the e-voting mechanism provided.

As the telecom sector continues to evolve rapidly, the addition of experienced leaders like Dr. Thakur to the board may be seen as a move to enhance Tejas Networks' competitive edge in the market. The outcome of this postal ballot will be closely watched by industry observers and investors alike.

Tejas Networks , a prominent player in the telecommunications equipment sector, has reported a net loss of ₹307.17 crore for the second quarter of fiscal year 2026 (July-September). This marks the company's third consecutive quarter of losses, contrasting with the net profit of ₹275.18 crore recorded in the same period last year.

Financial Performance Overview

The company's financial results paint a challenging picture:

The decline in revenue, coupled with a negative EBITDA, underscores the challenges faced by Tejas Networks during this quarter.

Factors Contributing to the Loss

CFO Sumit Dhingra attributed the loss to several factors:

1. Lower revenue generation
2. Provisions for manufacturing process losses
3. Warranty-related expenses
4. Inventory obsolescence

Sequential Improvement and Order Book

Despite the year-over-year decline, Tejas Networks reported a 30% sequential increase in revenue compared to the previous quarter. The company ended Q2 with an order book of ₹1,204 crore, lower than the ₹4,845 crore reported in the same quarter last year.

Half-Year Performance

For the first half of FY2026:

• Total revenue declined by 90% to ₹463.80 crore
• The company reported a net loss of ₹501 crore

Stock Performance

The financial challenges have impacted Tejas Networks' stock performance:

• The stock has declined by 50% year-to-date
• It closed at ₹588.90 per share

Looking Ahead

While Tejas Networks faces headwinds, the sequential revenue growth and maintained order book suggest potential for recovery. However, the company will need to address the factors leading to its losses, particularly in manufacturing processes and inventory management, to return to profitability.

Investors and industry observers will be watching Tejas Networks' strategies to navigate these challenges and its efforts to capitalize on opportunities in the telecommunications equipment market.