Tejas Networks Limited has completed the amalgamation of Saankhya Labs Private Limited and Saankhya Strategic Electronics Private Limited, increasing its authorized share capital to ₹307.68 crore. As part of this process, 38,71,084 equity shares have been allotted to Saankhya shareholders, raising Tejas Networks’ paid-up share capital to ₹175.13 crore.
The company also introduced a new Employee Stock Option Plan (ESOP) to include former employees of Saankhya Labs, alongside current Tejas employees. Additionally, Axis Trustee Services Limited has been appointed to manage any fractional share entitlements, which will be sold in the market, with proceeds distributed to shareholders accordingly.
This development marks a significant step forward for Tejas Networks as it continues to strengthen its position in the telecommunications and technology sectors.
