Tejas Networks announced the allotment of 58,844 Equity Shares on March 09, 2026, stemming from the exercise of various employee stock options and restricted stock units. This action led to an increase in the company’s Paid-up Share Capital to ₹1,77,66,34,370/-, divided into 17,76,63,437 Shares of ₹10/- each. The newly allotted shares rank equally with the existing equity capital.
Share Issuance Details Confirmed
Tejas Networks Ltd. officially confirmed the allotment of a total of 58,844 Equity Shares on March 09, 2026. This issuance was executed following the exercise of stock options previously granted to eligible employees under various company incentive plans.
Breakdown by Employee Stock Option Plan
The allotment was spread across five distinct employee schemes, indicating significant participation across different grant years:
- Tejas Networks Limited Employees Stock Option Plan 2014 (Exercise price Rs. 65/-): 1,250 Shares
- Tejas Networks Limited Employees Stock Option Plan 2014 – A (Exercise price Rs. 85/-): 1,000 Shares
- Tejas Networks Limited Employees Stock Option Plan 2016 (Exercise price Rs. 85/-): 9,850 Shares
- Tejas Restricted Stock Unit Plan 2017 (Exercise price Rs. 10/-): 15,177 Shares
- Tejas Restricted Stock Unit Plan 2022 (Exercise price Rs. 10/-): 31,567 Shares
The combined total of shares allotted under these plans reached 58,844.
Impact on Paid-up Share Capital
As a direct result of this allotment, the company’s Paid-up Share Capital saw an upward revision. The capital increased from ₹ 1,77,60,45,930/- (representing 17,76,04,593 Equity Shares) to ₹ 1,77,66,34,370/-, now comprising 17,76,63,437 Equity Shares, each with a face value of ₹10/-.
It is noted that these 58,844 newly issued Equity Shares will enjoy pari passu status, meaning they will rank equally in all respects with all other existing Equity Shares of the Company.
Source: BSE
