Tejas Networks Limited — Major Shareholding Notification 2021

Aug 3, 2021

PANATONE FINVEST LIMITED

August 02, 2021

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400 001 E-mail: corp.relations@bseindia.com National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra-Kurla-Complex, Bandra (East) Mumbai – 400 051 Email: takeover@nse.co.in

Company Secretary Tejas Networks Limited J P Software Park, Plot No 25, Sy. No 13, 14,17,18 Konnapana Agrahara Village, Begur, Hobli, Bangalore, 560100 Email: corporate@tejasnetworks.com; ravikrishnanr@tejasnetworks.com

Dear Sir(s) / Madam,

Subject: Disclosure under Regulation 18(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 ("SEBI (SAST) Regulations")

This is to inform you that we, Panatone Finvest Limited, has acquired 75,00,000 equity shares of Tejas Networks Limited on August 02, 2021 through the stock exchange settlement process.

In view of the above, please find attached the disclosure under Regulation 18(6) of the SEBI (SAST) Regulations.

Thanking you,

Yours faithfully**,** For Panatone Finvest Limited

Chetan Nage Digitally signed by Chetan Nage Date: 2021.08.02 21:57:58 +05'30'

Chetan Nage Company Secretary

Encl: as above

Bombay House 24 Homi Mody Street Mumbai 400 001 Phone 6665 7344/ 7136 Fax 6665 8080 (CIN No. U67120MH1992PLC066160)

PANATONE FINVEST LIMITED

Disclosure by acquirer for shares / voting rights acquired during the offer period under Regulation 18(6) in terms of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended ("SEBI (SAST) Regulations")

(i)	Name of the Target Company (TC)	Tejas Networks Limited
(ii)	Name of Acquirer / PAC	Panatone Finvest Limited ("Panatone" or"Acquirer 1")
		Akashastha Technologies Private Limited("Acquirer 2")
		Tata Sons Private Limited ("PAC")
		(collectively, "Acquirers and PAC")
(iii)	Name of the persons / entities whoacquired shares in the TC	Panatone
(iv)	Whether disclosure about the persons /entities stated in (iii) was given in thedetailed public announcement as eitherAcquirer or Persons acting in concert withAcquirer (Yes / No)	Yes- Panatone has been disclosed as an acquirerin the public announcement issued on July 29,2021 and will be disclosed as an acquirer in thedetailedpublicstatementtobe("DPS")published not later than August 5, 2021.
	If no, provide(a)Reasons for non-disclosure(b) Relationship of the entity with theAcquirer / PAC	Not applicable

Details of acquisition – for each person mentioned at (iii)

Number ofShares /Voting Rightsacquired (No.)	Date ofacquisition	Mode ofacquisition	PersonsfromwhomShares /VotingRights	PurchasePrice perShare(INR)	Shareholding of personswho acquired the Shares(% w.r.t total share capital/ voting capital of TargetCompany)
					Before	After
			Acquired		acquisition	acquisition
75,00,000 (1)	August	Acquisition	Samena	258.00	1,56,97,667	2,31,97,667
	2, 2021	through the	Spectrum
		stock	Co		(16.8% of	(24.8% of
		exchange			the total	the total
		settlement			number of	number of
		process by			equity	equity
		way of a block			shares of TC	shares of TC
		deal on NSE			as on June	as on June
		Limited			30, 2021)	30, 2021
Total shareholding of Acquirers and PAC before the acquisition		1,56,97,667 (16.8% of the
(number as well as % of total share capital of TC)		total number of equity
		shares of TC as on June 30,
		2021)
Total shareholding of Acquirers and PAC after the acquisition		2,31,97,667 (24.8% of the
(number as well as % of total share capital of TC)		total number of equity
		shares of TC as on June 30,
		2021)

Bombay House 24 Homi Mody Street Mumbai 400 001 Phone 6665 7344/ 7136 Fax 6665 8080 (CIN No. U67120MH1992PLC066160)

PANATONE FINVEST LIMITED

Notes:

(1) Since the equity shares have been acquired during the offer period, they will be placed in a share escrow account, in terms of Regulation 22(2A) of the SEBI (SAST) Regulations. Such equity shares shall be released to Panatone's demat account and Panatone can exercise voting rights on such equity shares upon the earlier of: (i) expiry of twenty-one working days from the date of the DPS, provided the entire consideration payable under the open offer (assuming full acceptance) has been deposited in cash in an escrow account, in terms of Regulation 17 of the SEBI (SAST) Regulations; or (ii) expiry of the offer period of the open offer, as determined in accordance with the SEBI (SAST) Regulations.

We hereby declare that the information provided in the instant report is true and nothing has been concealed therefrom.

For Panatone Finvest Limited

Chetan Nage Company Secretary Chetan Nage Digitally signed by Chetan Nage Date: 2021.08.02 21:58:19 +05'30'

Date: August 02, 2021 Place: Mumbai