Tejas Networks Limited has made two significant corporate actions regarding employee stock compensation on June 30, 2026.
Equity Share Allotment
The Board of Directors allotted 123,042 equity shares to eligible employees who exercised stock options under various company stock option plans. The breakdown by plan is as follows:
- Tejas Networks Limited Employees Stock Option Plan 2014 (Exercise price ₹65): 2,000 shares
- Tejas Networks Limited Employees Stock Option Plan 2014 - A (Exercise price ₹85): 625 shares
- Tejas Networks Limited Employees Stock Option Plan 2016 (Exercise price ₹85): 2,842 shares
- Tejas Restricted Stock Unit Plan 2017 (Exercise price ₹10): 48,851 shares
- Tejas Restricted Stock Unit Plan 2022 (Exercise price ₹10): 68,724 shares
- Total Allotment: 123,042 shares
Capital Structure Impact
Consequent to this allotment, the company's paid-up equity share capital increased from ₹177,85,09,400 divided into 17,78,50,940 equity shares of ₹10 each to ₹177,97,39,820 divided into 17,79,73,982 equity shares of ₹10 each.
The newly allotted equity shares will rank pari passu in all aspects with the existing equity shares of the company.
New Restricted Stock Unit Grants
The Board also granted 212,527 restricted stock units at a face value of ₹10 each under the Tejas Restricted Stock Unit Plan 2022 to employees of the company.