Tejas Networks Allots 58,844 Equity Shares Under ESOPs
Tejas Networks allotted 58,844 equity shares on March 09, 2026, due to employee stock option exercises. This increased the paid-up share capital to ₹1,77,66,34,370 from ₹1,77,60,45,930.
The allotment of shares under ESOPs is a standard practice for employee compensation and retention. The increase in paid-up capital is marginal and does not represent a significant change in the company's overall financial structure or market position.
The announcement details the allotment of shares under employee stock option plans, which is a routine corporate action and does not significantly impact the company's financial performance or strategic direction in a positive or negative way.
Tejas Networks Limited has announced the allotment of 58,844 equity shares on March 09, 2026, following the exercise of stock options by eligible employees under various Stock Option Plans. The exercise prices varied across different plans, ranging from ₹10 to ₹85 per share.
Specifically, 1,250 shares were allotted under the Tejas Networks Limited Employees Stock Option Plan 2014 at an exercise price of ₹65. Another 1,000 shares were allotted under the Tejas Networks Limited Employees Stock Option Plan 2014 - A at ₹85. The Tejas Networks Limited Employees Stock Option Plan 2016 saw an allotment of 9,850 shares at ₹85. Under the Tejas Restricted Stock Unit Plan 2017, 15,177 shares were allotted at ₹10, and 31,567 shares were allotted under the Tejas Restricted Stock Unit Plan 2022, also at an exercise price of ₹10.
Consequent to this allotment, the company's paid-up share capital has increased to ₹1,77,66,34,370, comprising 17,76,63,437 equity shares of ₹10 each. This is an increase from the previous paid-up share capital of ₹1,77,60,45,930, which consisted of 17,76,04,593 equity shares of ₹10 each. The newly allotted equity shares will rank pari passu in all respects with the existing equity shares of the company.
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Tejas Networks Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. 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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