Tejas Networks Limited — M&A Activity 2021

Oct 8, 2021

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October 8, 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 and our letter dated October 7, 2021, we wish to inform you that the recommendations of the IDC on the Open Offer has been published on October 8, 2021 in the following newspaper:

Newspapers	Language	Editions
Vishwavani	Kannada	Bangalore edition

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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