Interim report
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January 09, 2026 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, Mumbai – 400 001 BSE Scrip Code: 540595 Dear Sir/Madam, Re: Outcome of the Board Meeting We would like to inform you that the Board of Directors of Tejas Networks Limited (‘the Company’) at their meeting held today i.e., January 09, 2026, has considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine-months ended December 31, 2025. The Financial Results together with the Limited Review Report issued by the Statutory Auditors, is attached. The Meeting started at 2.30 P.M. (IST) and concluded at 3.45 P.M. (IST). The above information is also being made available on the website of the Company at www.tejasnetworks.com. This is for your kind information and records. Thanking you, Yours sincerely For Tejas Networks Limited Anantha Murthy N Company Secretary & Compliance Officer Encl: as above Tejas Networks Ltd. Regd. Office: Plot No. 25, 5th Floor J.P. Software Park, Electronic City Phase 1 Hosur Road, Bengaluru 560 100, India Tel: +91 - 80- 4179 4600/700/800 Fax: +91- 80- 2852 0201 TEJAS® Email: corporate@tejasnetworks.com CIN: L72900KA2000PLC026980 www.tejasnetworks.com
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Price Waterhouse Chartered Accountants LLP Independent Auditors' Review Report on the Statement of Unaudited Standalone Financial Results To The Board of Directors Tejas Networks Limited 5th Floor, J P Software Park Plot No. 25, Sy, No 13, 14, 17 and 18 Konnapana Agrahara Village Begur Hobli, Bengaluru - 560 100 1. We have reviewed the Unaudited Standalone Financial Results ofTejas Networks Limited (the "Company") for the quarter and nine months period ended December 31, 2025, which are included in the accompanying 'Statement of Unaudited Standalone Financial Results' for the quarter and nine months period ended December 31, 2025 (the "Standalone Statement"). The Standalone Statement has been prepared by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Standalone Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Standalone Statement based on our review. 3. We conducted our review of the Standalone Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Standalone Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Standalone Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Bengaluru Date: January 09, 2026 For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 PmfqE}~:. b ~ O • • Partner Membership Number: 206477 UDIN : 26206477ZLYNGB6995 Price Waterhouse Chartered Accountants LLP, 5th Floor, Tower 'D', The Millenia, 1 & 2 Murphy Road, Ulsoor Bengaluru - 560 008 T:+91 (80) 40794190 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
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0 :!g~ TEJAS ' NETWORKS Tejas Networks Limited Registered Office: J.P. Software Park, Plot No. 25, Sy. No. 13, 14, 17 and 1B, Konnapana Agrahara Village, Segur Hobli, Bengaluru 560 100, Karnataka, India. Corporate Identity Number: L72900KA2000PLC026980 Tel: +91 80 4179 4600; Fax: +9180 2852 0201 E-mail: corporate@tejasnetworks.com; Website: www.tejasnetworks.com Statement of Unaudited Standalone Financial Results for the quarter and nine months period ended December 31, 2025 Particulars Revenue from operations /a/ Revenue from sale of goods and rendering of services (b) Other operating revenue Total Revenue from operations Other income Ill Total income (I+ II) IV EXPENSES (a) Cost of materials consumed (Refer note- 3) {b) Purchases of stock-in-trade (c) Changes in inventories of stock-in-trade, work-in-progress and finished goods (d) Employee benefit expense (Refer note- 4) (e) Finance costs If) Depreciation and amortization expense (g) Allowance for expected credit loss (h) Other expenses (Refer note- 5) Total expenses (IV) V Profit/(Loss) before tax (Ill - IV) VI Income tax expense/(benefit) /1) Current tax expense/(benefit) /2} Deferred tax expense/(benefit) Total tax expense/(benefit) VII Profit/(Loss) after tax (V - VI) VIII Other comprehensive income/(loss) Items that will not be reclassified to profit or loss Remeasurements of the post-employment benefit obligation (expense)/benefit Income tax relating to above Items that may be reclassified to profit or loss Gains/(losses) in cash flow hedges Income tax relating to above IX Total comprehensive income/(loss) for the period (VII + VIII) X Equity share capital (Face value of Rs. 10/- each) XI Reserves (excluding Revaluation reserve) as shown in the Audited Balance Sheet XII Earnings/(Loss) per equity share Equity shares of par value Rs. 10 each /1) Basic /2) Diluted Initialled For Identification Purpose Only Quarter ended December 31, 2025 Unaudited 305.36 0,36 305.72 7.58 313.30 153.84 3.66 14.23 111.14 71.65 104.45 5.51 152.02 616.50 (303.20) (106.31) (106.31) (196.89) 1.18 (2.18) (197.89) 180.81 (11.11) (11.11) Quarter ended September 30, 2025 Unaudited 256.22 5.15 261.37 6,01 267.38 246.22 2.85 20.58 91.09 84.26 100,98 15.58 178.85 740.41 (473.03) (165.86) (165.86) (307.17) 2.23 2,82 (302.12) 180.14 (17.38) (17.38) Quarter ended December 31, 2024 Unaudited 2,497.11 144.94 2,642.05 13.76 2,655.81 2,015.28 9.44 (68.65) 116,13 62.71 111.27 17.11 181.46 2,444.75 Zll.06 38.74 6.90 45.64 165.42 (5.29) 0.92 8.60 (1.50) 168.15 178.98 9.42 9.21 Nln~ months ended December 31, 2025 Unaudited 763.51 5.51 769.02 23.14 792.16 523.16 26.53 7.97 294,98 230.60 301.89 39.27 441.37 1,865.77 (1,073.61) (375.64) (375.64) (697.97) 3.97 5.03 (688.97) 180.81 (39.48) (39.48) (Rs in crore except per share data) Nine months ended Year ended December 31, March 31, 2024 2025 Unaudited Audited 6,646.48 8,447.48 367.74 468.25 7,014.22 8,915.73 37.39 45.43 7,051.61 8,961.16 5,114.19 6,425.47 81.21 94.15 (145.50) (2.96) 329.51 436.49 176.05 247.46 250.02 353.19 13.41 35.90 485.99 660.03 6,304.88 8,249.73 746.73 711.43 138.76 147.07 95.30 113.70 234.06 260.77 512.67 450.66 (6.95) (9.93) 1.06 1.58 8.18 (5.40) (1.43) 0.94 513.53 437.85 178.98 179.59 3,675.75 29.71 25.99 29.02 25.62 K.r (,.. ; tl() ::. m C ~
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Notes TEJAS ' Tejas Networks Limited Registered Office: J.P. Software Park, Plot No. 2S, Sy. No. 13, 14, 17 and 18, Konnapana Agrahara Village, Begur Hobli, Bengaluru 560 100, Karnataka, India. Corporate Identity Number: l7290DKA2000PLC026980 Tel: +9180 4179 46DDi Fax: +91 80 2852 0201 E-mail: corporate@tejasnetworks.com; Website: www.tejasnetworks.com This Statement of Unaudited Standalone Financial Results for the quarter and nine months period ended December 31, 2025 has been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 "Interim Financial Reporting" under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India, read with the relevant rules issued thereunder and in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations, 2015"). 2 The Company has identified "telecom and data networking related products and services" as its only reportable segment in accordance with the requirements of Ind AS 108 "Operating Segments" and hence no segment information has been provided. 3 Cost of materials consumed include reversal of provision for inventory obsolescence/write down amounting to Rs. 4.73 crore for the quarter ended December 31, 2025 (charge of Rs 145.43 crore for quarter ended September 30, 2025 primarily on account of contract manufacturing process losses, design changes and other related matters and charge of Rs. 44.24 crore for the quarter ended December 31, 2024), 4 Pursuant to the notification by the Ministry of Labour & Employment on November 21, 2025 of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as "the Labour Codes"), the Company has recognized a provision towards past service cost on gratuity and compensated absences payable to employees amounting to Rs. 9.85 crore during the quarter ended December 31, 2025 which is included under "Employee benefit expense" . 5 Other expenses for the quarter ended December 31, 2025 include provision for warranty expenses amounting to Rs. 24.35 crore (Rs. 44.44 crore for the quarter ended September 30, 2025) determined based on potential fault rates, repair requirements and anticipated warranty claims. 6 The above Statement of Unaudited Standalone Financial Results was reviewed and recommended by the Audit Committee of the Board and subsequently approved by the Board of Directors at their respective meetings held on January 09, 2026. Place: Bengaluru Date: January 09, 2026 Initialled For Identification Purpose Only Arnob Roy ~ Executive Director and COO (DIN: 03176672)
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Price Waterhouse Chartered Accountants LLP Independent Auditors' Review Report on the Statement of Unaudited Consolidated Financial Results To The Board of Directors Tejas Networks Limited 5th Floor, J P Software Park Plot No. 25, Sy, No 13, 14, 17 and 18 Konnapana Agrahara Village Begur Hobli, Bengaluru - 560 100 1. We have reviewed the Unaudited Consolidated Financial Results ofTejas Networks Limited (the "Holding Company"), its subsidiaries (the Holding Company and its subsidiaries hereinafter referred to as the "Group"), (refer Note 1 of the Consolidated Statement) for the quarter and nine months ended December 31, 2025 which are included in the accompanying 'Statement of Unaudited Consolidated Financial Results' for the quarter and nine months period ended December 31, 2025 (the "Consolidated Statement"). The Consolidated Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Consolidated Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Consolidated Statement based on our review. 3. We conducted our review of the Consolidated Statement in accordance with the Standard on Review Engagements ('SRE') 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Consolidated Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. Price Waterhouse Chartered Accountants LLP, 5th Floor, Tower 'D', The Millenia, 1 & 2 Murphy Road, Ulsoor Be11galu1 u - 560 008 T:+91 (80) 40794190 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
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Price Waterhouse Chartered Accountants LLP 4. The Consolidated Statement includes the results of the following entities: Holding Company Tejas Networks Limited, India Subsidiaries a) Tejas Communications Pte. Limited, Singapore b) Tejas Communications (Nigeria) Limited, Nigeria c) Saankhya Labs Inc, USA 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Consolidated Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The consolidated unaudited financial results include the financial results of 3 subsidiaries which have not been reviewed by their auditors, whose financial results reflect total revenue of Rs. 1.97 crores and Rs. 4.34 crores, total net profit after tax of Rs. 0.33 crores and Rs. 0.43 crores and total comprehensive income of Rs. 0.04 crores and Rs. (o.66) for the quarter and nine months period ended December 31, 2025 respectively as considered in the consolidated unaudited financial results. According to the information and explanations given to us by the Management, these financial results are not material to the Group. Our conclusion on the Consolidated Statement is not modified in respect of the above matter. Place: Bengaluru Date: January 09, 2026 For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 0 ✓ • p,fE~.!::2. Partner Membership Number: 206477 UDIN: 26206477DWNEQE3046
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Ill IV V VI VII VIII IX X XI XII ¢:~"' TEJAS ' N ET W OR K S Tejas Networks Limited Registered Office: J.P. Software Park, Plot No. 25, Sy. No. 13, 14, 17 and 18, Konnapana Agrahara Village, Begur Hobli, Bengaluru S60 100, Karnataka, India, Corporate Identity Number : L72900KA2000PLC026980 Tel: +9180 4179 4600; Fax: +9180 2852 0201 E-mail: corporate@tejasnetworks.com; Website: www.tejasnetworks.com Statement of Unaudited Consolidated Financial Results for the quarter and nine months period ended December 31, 2025 Particulars Revenue from operations (a) Revenue from sale of goods and rendering of services {b) Other operating revenue Total Revenue from operations other income Total income (I+ II) EXPENSES (a) Cost of materials consumed (Refer note- 5) (b) Purchases of stock-in-trade {c) Changes in inventories of stock -in-trade, wor k-in-progress and fini shed goods {d) Employee benefit expense (Refer note- 6) (e) Finance costs If) Depreciation and amort ization expense (g) Allowance for expected credit loss (h) Other expenses (Refer note- 7) Total expenses {IV) Profit/(Loss) before tax (Ill - IV) Income tax expense/(benefit) (1) Current tax expense/(benefit) (2) Deferred tax expense/(benefit) Total tax expense/(benefit) Profit/(Loss) after tax (V - VI) Other comprehensive income/(loss) Items that will not be reclassified to profit or loss Remeasurements of the post -empl oyment benefit obligation (expense)/benefit Income tax relating to above Items that may be reclassified to profit or loss Gains/I losses) in cash flow hedges Exchange differences on translation of foreign operations Income tax relating to gains/(losses) in cash flow hedges Total comprehensive income/(loss) for the period (VII + VIII) Equity share capital (Face value of Rs. 10/- each) Reserves (excluding Revaluation reserve) as shown in the Audited Balance Sheet Earnlngs/(Loss) per equity share Equity shares of par value Rs. 10 each /1) Basic (2) Dilut ed Initialled For Identification Purpose Only Quarter ended December 31, 2025 Unaudited 306.43 0.36 306.79 7.54 314.33 154 .06 3.66 14,23 114.65 71.70 104.45 5.51 148.94 617.20 {302.87) (0.01) (106.311 (106.32) {196.SS) 1.18 (2.18) 0.08 {197.47) 180.81 (11.09) (11.09) (Rs. in crore except per share data) Quarter ended Quarter ended Nine months ended Nine months ended Vear ended September 30, December 31, December 31, December 31, March 31, 2025 2024 2025 2024 2025 Unaudited Unaudited Unaudited Unaudited Audited 256.67 2,497.30 765 .08 6,648.53 8,454.96 5.15 144.94 5.51 367.74 468.25 261.82 2,642.24 770.59 7,016.27 8,923 .21 6.01 13.74 23.10 37.38 45.42 267.83 2,655.98 793 .69 7,053.65 8,968 .63 246.25 2,015.28 523.44 5,114 .19 6,430.65 2.85 9.44 26.53 81.21 94.15 20.58 (68.65) 7.97 (145.50) (2.96) 94,35 119 .99 304 .82 337.54 447.86 84.32 62.76 230.79 180 33 251.82 100.98 111.27 301.89 250 .02 353.19 15.58 17.11 39.27 13.41 26.01 175 .91 177.51 432 .19 479 .12 669,67 740.82 2,444.71 1,866 .90 6,310.32 8,270 .39 {472.99) 211.27 {1,073.21) 743.33 698.24 38.70 (0.02) 136.90 145.21 (16S.86) 6.90 (37S.64) 88.10 106.50 (165.86 ) 45.60 (375 .66) 22S.OO 251.71 (307.13) 16S.67 (697 .SS) 518.33 446.53 2.23 (5.29) 3.97 (6.95) (9.93) 0.92 1.06 1.58 2.82 8,60 5.03 8.18 (5.40) 0.28 (0.24) 0.39 (0.18) 2.64 (1.50) (1.43) 0.94 (301 .80) 168.16 (688.16) 519.01 436.36 180.14 178.98 180.81 178.98 179.59 3,666,73 (17.38) 9.44 (39.46) 30.04 25.75 (17.38) 9.22 (39.46) 29.34 25.38
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Notes Tejas Networks Limited Registered Office: J.P. Software Park, Plot No. 25, Sy. No. 13, 14, 17 and 18, Konnapana Agrahara Village, Begur Hobli, Bengaluru 560 100, Karnataka, India. Corporate Identity Number: L72900KA2000PLC026'180 Tel: -t9180 4179 4600; Fax: +91 BO 2852 0201 E-mail: corporate@tejasnetworks .com; Website: www.tejasnetworks.com 1 The Statement of Unaudited Consolidated Financial Results for the quarter and nine months period ended December 31, 2025 includes the results of Tejas Networks Limited ('the Company' or 'the Holding Company' or 'the Parent') and the following subsidiaries (Parent and Subsidiaries collectively referred as 'the Group' herein under): Subsidiaries: - Tejas Communication Pte. Limited, Singapore - Tejas Communications (Nigeria) Limited, Nigeria - Saankhya Labs Inc., USA 2 This Statement of Unaudited Consolidated Financial Results for the quarter and nine months period ended December 31, 2025 has been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 "Interim Financial Reporting" under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India, read with the relevant rules issued thereunder and in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations, 2015"). 3 The Group has identified "telecom and data networking related products and services" as its only reportable segment in accordance with the requirements of Ind AS 108 "Operating Segments" and hence no segment information has been provided. 4 Summary of key Unaudited Standalone Financial Results of the Company is as follows: Rs. In cn>re) Quarter ended Quarter ended Quarter ended Nine months ended Nine months ended Year ended Particulars December 31, September 30, December 31, December 31, December 31, March 31, 2025 2025 2024 2025 2024 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Revenue from operations 305.72 261.37 2,642,05 769.02 7,014.22 8,915.73 Profit/(Loss) before tax (303.20) (473.03) 211.06 (1,073.61) 746 73 711.43 Profit/(Loss) after tax (196.89) (307.17) 165.42 (697.97) 512.67 450.66 Note: The Unaudited Standalone Financials Results of the Company for the above mentioned periods are available in the investors section in www.tejasnetworks.com and also with the stock exchanges where it is listed. The above information has been extracted from the Unaudited Standalone Financial Results of the Company. S Cost of materials consumed include reversal of provision for inventory obsolescence/write down amounting to Rs. 4.73 crore for the quarter ended December 31, 2025 (charge of Rs 145.43 crore for quarter ended September 30, 2025 primarily on account of contract manufacturing process losses, design changes and other related matters and charge of Rs. 44.24 crore for the quarter ended December 31, 2024). 6 Pursuant to the notification by the Ministry of Labour & Employment on November 21, 2025 of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as "the Labour Codes"), the Company has recognized a provision towards past service cost on gratuity and compensated absences payable to employees amounting to Rs. 9.85 crore during the quarter ended December 31, 2025 which is included under "Employee benefit expense". 7 Other expenses for the quarter ended December 31, 2025 include provision for warranty expenses amounting to Rs. 24.35 crore (Rs. 44.44 crore for the quarter ended September 30, 2025) determined based on potential fault rates, repair requirements and anticipated warranty claims. 8 The above Statement of Unaudited Consolidated Financial Results was reviewed and recommended by the Audit Committee of the Board and subsequently approved by the Board of Directors at their respective meetings held on January 09, 2026. Place: Bengaluru Date: January 09, 2026 Initialled For Identification Purpose Only tlnd o Arnob oy Executive Dire (DIN: 03176672)