Tejas Networks Board approves amalgamation of Saankhya Labs with the Company
Bengaluru, September 29, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] (“Company”) had acquired 64.40% of shares of Saankhya Labs Private Limited (‘Saankhya Labs’) in July 2022. In view to consolidate and merge the operations of Saankhya Labs and its subsidiary, Saankhya Strategic Electronics Private Limited (“Saankhya Strategic”) with the Company, the Board of Directors of Tejas Networks have approved a scheme of amalgamation thro...
Tejas Networks awarded Rs 298 crore optical network contract by Power Grid Corporation of India Limited (PGCIL)
Bengaluru (India), August 01, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has been awarded a contract worth Rs 298 crores for the supply, installation, commissioning and support of its state-of-the-art optical networking equipment, for the augmentation of PGCIL’s (NSE: POWERGRID) pan-India telecom backbone and access networks. As part of this contract, Tejas will deploy a wide range of its versatile family of products including T...
Tejas Networks announces consolidated results for quarter ended June 30, 2022 Q1 23 revenue was Rs. 125.8 crore Q1 23 loss was Rs. 6.6 crore
Bengaluru, July 25, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the first quarter ended June 30, 2022. Tejas Networks designs, develops, manufactures and sells high-performance telecom and networking products, which are used to build high-speed communication networks. For Q1-FY23, consolidated net revenue was Rs. 125.8 crore, which was a YoY decrease of 12.8%, resulting in a loss before tax of Rs. 12.9 crore as compared to a...
Tejas Networks Appoints Prof. Bhaskar Ramamurthi and Mr. P. R. Ramesh as Independent Directors; Dr. Gururaj Deshpande resigns as Non-executive Director
Bengaluru (India), June 27, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced the appointment of Prof. Bhaskar Ramamurthi and Mr. P. R. Ramesh as Independent (Additional) Directors with effect from June 27, 2022. These appointments are based on the recommendation of the Nomination and Remuneration Committee of the Board and is subject to the approval of shareholders. The company also announced that Dr. Gururaj Deshpande, who has been a Board member of Tej...
Tejas Networks announces appointment of Mr. N. Ganapathy Subramaniam as the Non-Executive Chairman of the Board effective from May 18th, 2022
Bengaluru, April 22, 2022: Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that Mr. Balakrishnan V, Non-Executive Chairman of the Board of the Company has decided to step down from his position and that the Board has approved the appointment of Mr. N. Ganapathy Subramaniam as the Non-Executive Chairman of the Board with effect from May 18, 2022. Mr. N. Ganapathy Subramaniam is a Nominee Director of Panatone Finvest Ltd. Mr. Balakrishnan...