Tejas Networks Limited — Capital/Financing Update 2023

Apr 3, 2023

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April 3, 2023

The Secretary National Stock Exchange of India Ltd Exchange Plaza, C/1, Block G, Bandra Kurla Complex, Bandra (East) Mumbai – 400 051 NSE Symbol: TEJASNET

The Secretary BSE Limited P J Towers, Dalal Street, Fort, Mumbai – 400 001 BSE Scrip Code: 540595

Dear Sirs/ Madam,

Re: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Tejas Networks wins Rs 696 crore order for a Pan-India router network from Bharat Sanchar Nigam Limited (BSNL)

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Tejas Networks Limited (the “Company”) has received an Advance Purchase Order of Rs 696 crore (Rupees Six Hundred and Ninety-Six Crore Only) from BSNL for the upgradation of its Pan-India IP-MPLS based Access and Aggregation Network (MAAN) using its state-of-the-art routers.

In this connection, please find enclosed the following:

• The disclosure of information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI circular No. CIR/CFO/CMD/4/2015 dated September 9, 2015.

• Press Release issued in this connection.

The above information is also available on the website of the Company at www.tejasnetworks.com.

Kindly take the above information on record.

Thanking you,

Yours sincerely For Tejas Networks Limited

RANGACHARI Digitally signed by RANGACHARI RAVIKRISHNAN RAVIKRISHNAN Date: 2023.04.03 08:40:12 +05'30'

N R Ravikrishnan General Counsel, Chief Compliance Officer & Company Secretary

Encl: as above

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Disclosure of information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI circular No. CIR/CFO/CMD/4/2015 dated September 9, 2015

9, 2015
Particulars	Description
of the entity awarding the order(s)/contract(s)	Bharat Sanchar Nigam Limited
icant terms and conditions of order(s)/ contract arded in brief	The Company will supply, install and commission over 13,000 of its TJ1400 series of next-generation access and aggregation routers for realizing a converged multi-service packet network, being rolled out on a nationwide basis.
her order(s)/contract(s) have been awarded by stic / international entity	Domestic Entity
e of order(s)/contract(s)	Upgradation of its Pan-India IP-MPLS based Access and Aggregation Network (MAAN) using its state-of-the-art routers
period by which the order(s)/contract(s) is to ecuted	Initial supplies and deployment to be completed within next 18 months
consideration or size of the s)/contract(s)	Rs 696 crore (Rupees Six Hundred and Ninety-Six Crore Only)
her the promoter/ promoter group / group anies have any interest in the entity that ed the order(s)/contract(s)? If yes, nature of st and details thereof	Not Applicable
her the order(s)/contract(s) would fall within d party transactions? If yes, whether the same e at “arm’s length	Not Applicable

For Tejas Networks Limited

RANGACHARI Digitally signed by RANGACHARI RAVIKRISHNAN RAVIKRISHNAN Date: 2023.04.03 08:40:43 +05'30'

N R Ravikrishnan General Counsel, Chief Compliance Officer & Company Secretary

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PRESS RELEASE

Tejas Networks wins Rs 696 crore order for a pan-India router network

Bengaluru (India), April 3, 2023 : Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has received an Advance Purchase Order of Rs 696 crores from BSNL (Bharat Sanchar Nigam Limited) for the upgradation of its pan-India IP-MPLS based Access and Aggregation Network (MAAN) using its stateof-the-art routers. The company won this order while competing against top-tier global vendors in an open tender, after being technically shortlisted and upon submitting the lowest commercial bid. As a part of this contract, Tejas will supply, install and commission over 13,000 of its TJ1400 series of nextgeneration access and aggregation routers for realizing a converged multi-service packet network, being rolled out on a nationwide basis.

Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to win this prestigious contract which is the single largest order we have received till date in our company. We look forward to partnering with BSNL to create a unified, flexible and scalable IP/MPLS network that will cater to growing data traffic from its full-range of services, including mobile (2G/3G/4G/5G), fiber broadband, Voice over IP, WiFi and enterprise data services. It provides us an excellent opportunity to deploy at scale, our carrier routing products and establish our world-class capabilities in the critical routing technology area.”

Mr. Arnob Roy, COO and Executive Director of Tejas Networks said, “It’s a proud moment for us to be selected as the first Indian company to supply its indigenously designed and field-hardened routing products for BSNL’s nationwide MAAN network. This win further reinforces our position as a leading telecom and networking equipment vendor capable of designing and delivering complex, high-availability mission critical networks. It also catapults us into the global service provider switching and routing segment, which requires products that have high technological complexity and significant R&D capabilities.”

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About Tejas Networks Limited

Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.

For more information, visit Tejas Networks at http://www.tejasnetworks.com or contact Investor Relations: ir@india.tejasnetworks.com

Attn: Mr. Santosh Kesavan: skesavan@tejasnetworks.com Phone: +91 80 41794600

SAFE HARBOUR

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the industry in which the Company operates. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company.

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