Tejas Networks Ltd. announced the allotment of 70,614 equity shares on May 26, 2026. This issuance is a result of employees exercising their stock options under various employee stock option plans. The allotment has increased the company’s paid-up share capital to ₹177,85,09,400, comprising 17,78,50,940 equity shares.
Employee Stock Option Exercise Drives Share Allotment
Tejas Networks Ltd. has officially informed the stock exchanges about the allotment of 70,614 equity shares on May 26, 2026. This significant issuance of shares is in direct response to eligible employees exercising their rights under various Employee Stock Option Plans (ESOPs) offered by the company.
Details of Share Allotment
The allotment details are categorized under different plans:
- Tejas Networks Limited Employees Stock Option Plan 2014: 50 shares were allotted at an exercise price of Rs. 65/-.
- Tejas Networks Limited Employees Stock Option Plan 2014 – A: 1,500 shares were allotted at an exercise price of Rs. 85/-.
- Tejas Networks Limited Employees Stock Option Plan 2016: 1,500 shares were allotted at an exercise price of Rs. 85/-.
- Tejas Restricted Stock Unit Plan 2017: 11,366 shares were allotted at an exercise price of Rs. 10/-.
- Tejas Restricted Stock Unit Plan 2022: 56,198 shares were allotted at an exercise price of Rs. 10/-.
The total number of shares allotted amounts to 70,614.
Impact on Paid-up Share Capital
Following this allotment, the total paid-up share capital of Tejas Networks Ltd. has been revised. It now stands at ₹177,85,09,400, which is equivalent to 17,78,50,940 equity shares, each with a face value of ₹10/-. This represents an increase from the previous paid-up capital of ₹177,78,03,260, comprising 17,77,80,326 equity shares of ₹10/- each.
The company has requested that this information be duly noted in the records.
Source: BSE
