Tejas Networks Allots 38,464 Shares, Grants 1.85 Lakh RSUs
Tejas Networks allotted 38,464 equity shares on May 6, 2026, due to stock option exercises. The company also granted 1,85,000 Restricted Stock Units to employees and management. This increases the paid-up share capital to ₹1,77,78,03,260.
The allotment of shares and grant of RSUs are standard employee incentive programs and do not represent a major strategic shift or financial event that would significantly impact the company's operations or market position.
The announcement details the allotment of shares and grant of RSUs, which is a routine corporate action related to employee stock options and does not significantly impact the company's financial performance or strategic direction.
Tejas Networks Limited has announced the allotment of 38,464 equity shares on May 6, 2026, pursuant to the exercise of stock options by eligible employees under its respective Stock Option Plans. These include 5,567 shares under the Tejas Restricted Stock Unit Plan 2017 and 32,897 shares under the Tejas Restricted Stock Unit Plan 2022, both with an exercise price of ₹10 per share.
Consequent to this allotment, the company's paid-up share capital has increased to ₹1,77,78,03,260, comprising 17,77,80,326 equity shares of ₹10 each. The newly allotted shares will rank pari passu with the existing equity shares of the company.
Additionally, Tejas Networks has granted 1,85,000 Restricted Stock Units (RSUs) with a face value of ₹10 each under the Tejas Restricted Stock Unit Plan 2022 to its employees, senior management personnel, and key managerial personnel (KMP).
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Tejas Networks Limited filed this with the NSE as a statutory disclosure, categorised under designated person disclosures. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Tejas Networks Limited. Read the original for the full detail.