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Tejas Networks Ltd - 540595 - Announcement under Regulation 30 (LODR)-Allotment

Conversion of Series B Warrants & Allotment of Equity Shares
06-02-2023
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Q3FY23 Quarterly Result Announced for Tejas Networks Ltd.

Other Telecom services firm Tejas Networks announced Q3FY23 results: Consolidated Q3FY23: Net revenue was Rs 274.6 crore, which was a YoY increase of 156.4%, resulting in a loss before tax of Rs 5.1 crore as compared to a loss of Rs 32.9 crore, for the corresponding previous period. Loss after tax was Rs 10.9 crore as compared to a loss of Rs 24.3 crore for the corresponding previous period. Effective Q2FY23 Saankhya Labs and its subsidiaries (Saankhya) financials have been consolidated - and the above revenue includes Rs 21 crore from Saankhya - for Q3FY23. Consolidated 9MFY23: Net revenue was Rs 620.3 crore, which was a YoY increase of 46.3%, resulting in a loss before tax of Rs 7.1 crore as compared to a loss of Rs 21.2 crore, for the corresponding previous period. Loss after tax was Rs 16.4 crore as compared to a loss of Rs 13.1 crore for the corresponding previous period. Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, "We continue to see strong business momentum with a robust order book of Rs 1,431 crore and a good pipeline of large orders for our optical as well as wireless products. Our revenue growth has been constrained due to shortages of semiconductor chips, many of which still have long-lead times. To mitigate this, we have re-engineered and improved our supply chain processes which has resulted in consistent revenue growth. We continue to increase our investments, especially in the 4G/5G products, in line with our business growth plans" Mr. Venkatesh Gadiyar, CFO said, "As on December 31, 2022 our cash and cash equivalents, including investment in liquid mutual funds and deposits with financial institutions, were at Rs 1,221 crore and we continue to be a debt-free Company. On February 03, 2023 we have received an investment of Rs 300 crore from Pantone Finvest Limited (a subsidiary of Tata Sons Private Limited.), towards final subscription of Series-B Warrants, for which equity shares have been allotted on February 06, 2023." Result PDF
06-02-2023
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Tejas Networks Ltd - 540595 - Financial Results For The Quarter And Nine-Months Ended December 31, 2022

Financial Results for the quarter and nine-months ended December 31, 2022
06-02-2023
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Tejas Networks Ltd - 540595 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

In continuation to our letter dated January 23, 2023, we enclose herewith the details relating to Conference Call scheduled on Monday, February 06, 2023 to discuss the Company's financial results for the quarter ended December 31, 2022.
31-01-2023
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Tejas Networks Ltd - 540595 - Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results For The Quarter And Period Ended December 31, 2022

Tejas Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/02/2023 ,inter alia, to consider and approve Unaudited Standalone and Consolidated Financial Results for the quarter and period ended December 31, 2022
23-01-2023
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Tejas Networks Ltd - 540595 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

We submit herewith the confirmation certificate received from M/s. Link Intime India Private Limited, Registrar and Share Transfer Agent (RTA) of our Company as per Regulation 74 (5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2022.
09-01-2023
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Tejas Networks Ltd - 540595 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

This is to inform you that the Company has allotted 69,607 Equity Shares on December 22, 2022 pursuant to exercise of Stock Options by Eligible Employees/Senior Management/KMP under the respective Stock Option Plans.
23-12-2022
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Today's Pick: Tejas Networks (567.35): Sell

Traders can go short
23-12-2022
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