Tejas Networks Limited - M&A Activity 2021

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October 7, 2021

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 Sir/Madam,

Re: Recommendations of the Committee of Independent Directors (“IDC”) of Tejas Networks Limited (“Target Company”) on the open offer made by Panatone Finvest Limited (“Acquirer 1”) and Akashastha Technologies Private Limited (“Acquirer 2”) (collectively referred to as “Acquirers”), along with Tata Sons Private Limited (“PAC”) in its capacity as the person acting in concert with Acquirers, to the Eligible Shareholders of the Target Company (“Open Offer”) under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”).

With reference to the Open Offer, we wish to inform you that the recommendations of the IDC on the Open Offer has been published on October 7, 2021 in the following newspapers:

Newspapers	Language	Editions
Financial Express	English	All editions
Jansatta	Hindi	Alleditions
Vishwavani	Kannada	Bangalore edition*
Navshakti	Marathi	Mumbai edition

* Vishwavani has confirmed that the recommendation of the IDC was published in the e-paper (which is accessible from Bangalore and elsewhere) and some copies of the Bangalore edition on October 7, 2021. Further, they have informed us that the recommendation of the IDC could not be published in some copies of the Bangalore edition on October 7, 2021, due to an inadvertent technical error at their end. In view of the above, Vishwavani would be re-publishing the recommendation of the IDC in its Bangalore edition on October 8, 2021.

As required under the SEBI (SAST) Regulations, we hereby enclose a copy of the recommendation of the IDC. The information is also available on the website of the Company at www.tejasnetworks.com.

Kindly take the above on record.

Yours sincerely For Tejas Networks Limited

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N R Ravikrishnan General Counsel and Chief Compliance Officer and Company Secretary

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Bangalore edition

07.10.2021 WÜáÃÜáÊÝ-ÃÜ vishwavani.news

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Mumbai edition

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