Tejas Networks Limited — Important, 17-01-2025: Disclosure of material issue

Tejas Networks Limited received an order from the Principal Commissioner of Customs in Bengaluru, demanding a differential duty of ₹15.66 crore, along with interest and penalties amounting to approximately ₹17.77 crore due to alleged misclassification of finished goods between July 2021 and March 2022. The company is currently reviewing the order and will take necessary actions as deemed appropriate. Notably, the company indicated that this order is not expected to materially affect its financials, operations, or other activities, which suggests a stable outlook despite the regulatory challenge. Investors should monitor the situation closely.