Tejas Networks Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
TEJASNET · price
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Tejas Networks received Rs. 122.96 Crore from the Ministry of Communications, Department of Telecommunications, under the PLI (Production Linked Incentive) Scheme for Telecom and Networking Products. This is the first tranche, covering 85% of the eligible incentive for Q3 of FY 2024-25. The remaining 15% is expected to be released later as per PLI Scheme guidelines. The company has disclosed this under SEBI Regulation 30.
Positive for cash flow, as this is government-backed incentive income with no associated cost. Reinforces Tejas's eligibility and participation in India's telecom manufacturing PLI scheme, though it is a recovery of past performance incentives rather than new business.