Tejas Networks Limited — Important, 07-02-2025: Disclosure of material issue

Tejas Networks Limited has entered into Technology Collaboration Agreements with NEC Corporation, Japan to advance the development of wireless technologies for the global telecom sector. The collaboration will focus on advanced RAN and core products, leveraging NEC's proven Massive MIMO Radio and converged core technology. The agreement entails consideration of approximately USD 60 million (around INR 525 Cr), payable over one year based on milestone achievements. This strategic partnership aims to enhance Tejas's portfolio, further bolstering its 5G development initiatives and market position. Expect significant growth opportunities as this alignment enables Tejas to participate in NEC's go-to-market strategies. Watch closely for developments in this alliance, which could be pivotal for future advancements.