Tejas Networks Announces Acquisition of Saankhya Labs (P) Ltd. To Enhance its Wireless Products Offering
Bengaluru (India), March 30, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has signed definitive agreements to acquire 64.40% of shares of Saankhya Labs Private Ltd. Bangalore (“Saankhya”) for Rs 283.94 Cr in cash. The initial acquisition of Saankhya shares is expected to close within the next 90 days. Tejas Networks, upon procuring all necessary consents and approvals, also intends to proceed with acquiring the balance 35.60% shar...
Tejas Networks Appoints Mr. N. Ganapathy Subramaniam and Mr. Amur S. Lakshminarayanan as Directors
Bengaluru, January 19, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced the appointment of Mr. N. Ganapathy Subramaniam and Mr. Amur S. Lakshminarayanan as Nominee Directors from Panatone Finvest Limited, a subsidiary of Tata Sons Private Limited. This appointment is based on recommendation of the Nomination and Remuneration Committee of Tejas Networks Board, and is subject to the approval of shareholders. Mr. N. Ganapathy Subramaniam is Chief ...
Tejas Networks announces consolidated results for quarter ended December 31, 2021
Bengaluru, January 19, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the third quarter ended December 31, 2021. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks. For Q3-FY22, consolidated net revenue was Rs. 107 crore, which was a YoY decrease of 17.1%, resulting in a loss before tax of Rs. 32.9 crore a...
Tejas Networks announces consolidated results for quarter ended September 30, 2021 Q2 revenue was Rs. 172.8 crore and Net profit was Rs. 3.7 crore
Bengaluru, October 20, 2021: Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the second quarter ended September 30, 2021. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks. For Q2-FY22, consolidated net revenue was Rs. 172.8 crore, which was a YoY increase of 61.8%, resulting in a profit before tax of Rs. 3.3 cr...
Airtel selects Tejas Networks for optical network expansion
Bengaluru (India), September 23, 2021: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has been selected by Bharti Airtel (“Airtel”), India’s premier communications solutions provider, to enhance Airtel’s optical network capacity in key metropolitan markets. Tejas will supply, install and support its state-of-the-art TJ1600 DWDM/OTN products for extending Airtel’s optical networks towards the ed...