TEJAS NETWORKS LTD.
NSE : TEJASNETBSE : 540595ISIN
CODE : INE010J01012Industry : Telecommunication - EquipmentHouse
: Tata
BSE1204.25-0.7 (-0.06 % )
PREV CLOSE (Rs.) 1204.95
OPEN PRICE (Rs.) 1209.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 20712
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1203.15 -1.3 (-0.11 % )
PREV CLOSE(Rs.) 1204.45
OPEN PRICE (Rs.) 1208.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 1203.15 (30 )
VOLUME 96700
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 23-Apr-2024 | Tejas Networks turns black in Q4 | <p style="text-align: justify;">Tejas Networks has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported net profit at Rs 159.19 crore for the quarter under review as compared to net loss of Rs 4.95 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1317.14 crore for Q4FY24 as compared Rs 305.72 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported net profit at Rs 146.78 crore for fourth quarter ended March 31, 2024 as compared to net loss of Rs 11.47 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1339.17 crore for Q4FY24 as compared Rs 320.59 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported many fold jump in its net profit at Rs 81.98 crore as compared to Rs 3.04 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2434.54 crore for year under review as compared to Rs 948.22 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported net profit at Rs 62.98 crore as compared to net loss of Rs 36.41 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2535.58 crore for year under review as compared to Rs 1000.58 crore for year ended March 31, 2023.</p> |
| 23-Apr-2024 | Tejas Networks zooms on turning black in Q4 | <p style="text-align: justify;">Tejas Networks is currently trading at Rs. 1070.00, up by 164.25 points or 18.13% from its previous closing of Rs. 905.75 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1013.70 and has touched a high and low of Rs. 1086.90 and Rs. 985.40 respectively. So far 554781 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1086.90 on 13-Apr-2023 and a 52 week low of Rs. 618.00 on 05-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1086.90 and Rs. 771.60 respectively. The current market cap of the company is Rs. 18287.95 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 55.60%, while Institutions and Non-Institutions held 16.10% and 28.31% respectively.</p><p style="text-align: justify;">Tejas Networks has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported net profit at Rs 159.19 crore for the quarter under review as compared to net loss of Rs 4.95 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1317.14 crore for Q4FY24 as compared Rs 305.72 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported net profit at Rs 146.78 crore for fourth quarter ended March 31, 2024 as compared to net loss of Rs 11.47 crore for the same quarter in the previous year. Total income of the company reported over 4- fold jump at Rs 1339.17 crore for Q4FY24 as compared Rs 320.59 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported many fold jump in its net profit at Rs 81.98 crore as compared to Rs 3.04 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2434.54 crore for year under review as compared to Rs 948.22 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported net profit at Rs 62.98 crore as compared to net loss of Rs 36.41 crore for the previous year. Total income of the company reported over 2- fold jump at Rs 2535.58 crore for year under review as compared to Rs 1000.58 crore for year ended March 31, 2023.</p> |
| 23-Apr-2024 | Allotment of Equity Shares | Inter alia, has considered and approved :- 1. Allotment of Equity Shares: Allotment of 96,001 Equity Shares of the Company pursuant to exercise of the Stock Options/Restricted Stock Units by eligible employees/ Senior Management/KMP of the Company and Subsidiary under respective Stock Options Plan. Consequently, the paid-up share capital of the Company stands increased from Rs.1,70,70,80,600 divided into 17,07,08,060 equity shares of Rs.10/- each to Rs. 1,70,80,40,610 divided into 17,08,04,061 equity shares of Rs.10/- each. 2. Grant of Restricted Stock Units Approved the grant of 6,69,955 Restricted Stock Units at face value of Rs. 10/- each under Tejas Restricted Stock Unit Plans to the Employees/ KMP/ Senior Management of the Company and its subsidiaries. 3. Annual General Meeting and Book Closur The 24th Annual General Meeting of the Members of the Company will be held on Friday, June 28, 2024 at 3.00 P.M. (IST). Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Register of Members and Share Transfer Books of the Company will remain closed from June 21, 2024 to June 28, 2024 (both days inclusive) for the purpose of the 24th Annual General Meeting of the Company. |
| 23-Apr-2024 | Conversion of Stock Option | Inter alia, has considered and approved :- 1. Allotment of Equity Shares: Allotment of 96,001 Equity Shares of the Company pursuant to exercise of the Stock Options/Restricted Stock Units by eligible employees/ Senior Management/KMP of the Company and Subsidiary under respective Stock Options Plan. Consequently, the paid-up share capital of the Company stands increased from Rs.1,70,70,80,600 divided into 17,07,08,060 equity shares of Rs.10/- each to Rs. 1,70,80,40,610 divided into 17,08,04,061 equity shares of Rs.10/- each. 2. Grant of Restricted Stock Units Approved the grant of 6,69,955 Restricted Stock Units at face value of Rs. 10/- each under Tejas Restricted Stock Unit Plans to the Employees/ KMP/ Senior Management of the Company and its subsidiaries. 3. Annual General Meeting and Book Closur The 24th Annual General Meeting of the Members of the Company will be held on Friday, June 28, 2024 at 3.00 P.M. (IST). Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Register of Members and Share Transfer Books of the Company will remain closed from June 21, 2024 to June 28, 2024 (both days inclusive) for the purpose of the 24th Annual General Meeting of the Company. |
| 22-Apr-2024 | Allotment of Equity Shares | Inter alia, approved:- 1. Allotment of Equity Shares Allotment of 96,001 Equity Shares of the Company pursuant to exercise of the Stock Options/ Restricted Stock Units by eligible employees/ Senior Management/KMP of the Company and Subsidiary under respective Stock Options Plans. Consequently, the paid-up share capital of the Company stands increased from Rs.1,70,70,80,600 divided into 17,07,08,060 equity shares of Rs.10/- each to Rs. 1,70,80,40,610 divided into 17,08,04,061 equity shares of Rs.10/- each. 3. Grant of Restricted Stock Units Approved the grant of 6,69,955 Restricted Stock Units at face value of Rs. 10/- each under Tejas Restricted Stock Unit Plans to the Employees/ KMP/ Senior Management of the Company and its subsidiaries. 4. Annual General Meeting and Book Closure The 24 th Annual General Meeting of the Members of the Company will be held on Friday, June 28, 2024 at 3.00 P.M. (IST). Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Register of Members and Share Transfer Books of the Company will remain closed from June 21, 2024 to June 28, 2024 (both days inclusive) for the purpose of the 24 th Annual General Meeting of the Company. |
| 26-Mar-2024 | Tejas Networks signs MoU with Telecom Egypt | <p style="text-align: justify;">Tejas Networks has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency) and NTI (National Telecom Institute) to replicate its experience of implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. Other broad areas of cooperation include capacity building of Egyptian engineers and technicians on state-of-the-art telecom and networking technologies, establishing local manufacturing and R&D facilities for Fiber-to-the-Home (FTTH) products, and setting up technical support services in Egypt both for customers within the country as well as for the larger Africa and Middle East region. </p><p style="text-align: justify;">It is a comprehensive agreement that seeks to promote localization of world-class communications products, inject new Indian investments into Egypt, create job opportunities, and develop research cadres in various fields of communications.</p><p style="text-align: justify;">Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.</p><div style="text-align: justify;"><br></div> |
| 26-Mar-2024 | Tejas Networks informs about press release | <p style="text-align: justify;">Tejas Networks has informed that it enclosed press release titled ‘Tejas Networks announces strategic partnership with Telecom Egypt'.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 26-Mar-2024 | Tejas Networks moves up on signing MoU with Telecom Egypt | <p style="text-align: justify;">Tejas Networks is currently trading at Rs. 693.35, up by 6.00 points or 0.87% from its previous closing of Rs. 687.35 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 690.25 and has touched a high and low of Rs. 697.35 and Rs. 685.50 respectively. So far 963 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 939.90 on 18-Oct-2023 and a 52 week low of Rs. 562.10 on 29-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 718.10 and Rs. 678.05 respectively. The current market cap of the company is Rs. 11733.62 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 55.80%, while Institutions and Non-Institutions held 15.61% and 28.59% respectively.</p><p style="text-align: justify;">Tejas Networks has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency) and NTI (National Telecom Institute) to replicate its experience of implementing Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. Other broad areas of cooperation include capacity building of Egyptian engineers and technicians on state-of-the-art telecom and networking technologies, establishing local manufacturing and R&D facilities for Fiber-to-the-Home (FTTH) products, and setting up technical support services in Egypt both for customers within the country as well as for the larger Africa and Middle East region. </p><p style="text-align: justify;">It is a comprehensive agreement that seeks to promote localization of world-class communications products, inject new Indian investments into Egypt, create job opportunities, and develop research cadres in various fields of communications.</p><p style="text-align: justify;">Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.</p><div style="text-align: justify;"><br></div> |
| 22-Mar-2024 | Tejas Networks wins Voice and Data Excellence award for TJ1400 access and aggregation routers | <p style="text-align: justify;">Tejas Networks has won the prestigious 2023 Voice and Data Excellence award in the 'Make in India' category for its state-of-the-art TJ1400 Access and Aggregation Routers. The award was conferred at the 23rd edition of Voice and Data's Telecom Leadership Forum held in New Delhi. Based on its pioneering Software-defined Hardware architecture, TJ1400's novel ultra-converged broadband architecture is powering large-scale 4G/5G mobile RAN, backhaul and broadband rollouts globally.</p><p style="text-align: justify;">Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.</p><div style="text-align: justify;"><br></div> |
| 19-Mar-2024 | Resignation of Director | Inter-alia considered and approved the following: 1. Retirement from Directorship Mr. Chandrashekhar Bhaskar Bhave (DIN: 00059856), Non-Executive-Independent Director of the Company completes his first term of five (5) years as an Independent Director of the Company on March 24, 2024. Mr. Chandrashekhar Bhaskar Bhave ceases to be the Director of the Company with effect from closing of business hours on March 24, 2024. Mr. Chandrashekhar Bhaskar Bhave expressed his desire not to seek re-appointment, though eligible, for a second term as Independent Director of the Company on account of personal reasons. Consequently, he shall also cease to be the Chairman of Audit Committee and Member of Nomination and Remuneration Committee and Risk Management Committee of the Board. The Board of Directors expressed sincere appreciation for the guidance and support provided by Mr. Bhave during his tenure on the Board of the Company. 2. Resignation of Director Mr. A S Lakshminarayanan (DIN: 08616830), vide letter dated March 19, 2024 has tendered his resignation as Non-Executive, Non-Independent Director of the Company, with effect from closing of business hours on March 19, 2024. Consequently, he shall also cease to be the Member of Audit Committee of the Board. The Company has received confirmation from Mr. A S Lakshminarayanan stating that there are no material reasons for his resignation other than those mentioned in his Letter of Resignation dated March 19, 2024. The Board of Directors expressed sincere appreciation for the guidance and support provided by Mr. A S Lakshminarayanan during his tenure on the Board of the Company |
