TEJASNETNSETejas Networks LimitedHighNegative
Announced Wed, 15 Apr · 21:56 IST

TEJAS NETWORKS LIMITED has informed the Exchange about Resignation of Independent director.

Director Flagged GovernanceManagement Changes View source PDF

TEJASNET · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-5.6%1-day move
₹450.00
prior close
₹429.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+0.7+1.5+0.2-5.6-8.0-9.6-9.3-10.4-8.0+14.6-2.2+29.6+21.1
Up moveDown movePending
AI summary

P.R. Ramesh has tendered his resignation as Independent Director from the Board of Tejas Networks Limited, effective close of business on April 18, 2026. Ramesh served for nearly four years and cited personal reasons — the need to realign his board commitments within statutory limits to take on new responsibilities. He explicitly clarified the move is not driven by any concerns about the company's leadership, performance, or future direction. Ramesh is a senior independent director currently holding positions on boards of several large companies including Nestle India, Cipla, Crompton Greaves Consumer Electricals, Larsen & Toubro, ITC Hotels, and Cyient Limited. The resignation leaves a vacancy on Tejas Networks' board.

Likely market impact

The loss of an experienced independent director could raise questions about board composition and governance oversight, especially given Ramesh's multiple prestigious board positions. Investors should monitor for replacement appointments.