Tejas Networks has announced the successful allotment of 38,464 equity shares following the exercise of stock options by employees. Additionally, the company has granted 1,85,000 Restricted Stock Units (RSUs) under its 2022 plan. These developments have adjusted the company’s paid-up share capital to ₹1,77,78,03,260, reflecting ongoing employee incentive programs and the company’s commitment to talent retention through structured equity compensation.
Equity Allotment Details
On May 06, 2026, Tejas Networks completed the allotment of 38,464 equity shares. This issuance was driven by the exercise of stock options by eligible employees under existing company plans. The distribution includes 5,567 shares allocated under the 2017 Restricted Stock Unit Plan and 32,897 shares under the 2022 Restricted Stock Unit Plan. All newly issued shares carry a face value of ₹10 each and rank pari passu with existing equity.
Impact on Share Capital
Following this allotment, the company’s paid-up share capital has increased from ₹1,77,74,18,620 to ₹1,77,78,03,260. Consequently, the total number of equity shares outstanding has risen to 17,77,80,326. This adjustment reflects the successful conversion of employee stock options into equity.
Expansion of Stock Incentive Programs
In a separate board action, Tejas Networks has granted 1,85,000 Restricted Stock Units (RSUs) to its employees, including Senior Management and Key Managerial Personnel (KMP). These grants were issued under the Tejas Restricted Stock Unit Plan 2022. This move underscores the company’s focus on incentivizing key personnel and aligning their long-term interests with the company’s performance and growth trajectory.
Source: BSE
