Investor Presentation

October 16, 2026 The Secretary The Secretary National Stock Exchange of India Ltd BSE Limited Exchange Plaza, C/1, Block G, P J Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: TEJASNET BSE Scrip Code: 540595 Dear Sir / Madam, Re: Earnings Call Presentation- Q2 FY 27 Pursuant to Regulation 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Earnings Call Presentation on the Financial Results of the Company for the Quarter ended September 30, 2026. This is for your kind information and record. Yours sincerely, For Tejas Networks Limited Anantha Murthy N Company Secretary & Compliance Officer Encl: as above Q2FY27 – Earnings Call Presentation October 16, 2026 © Tejas Networks Limited 2026. All rights reserved. Key Updates: Q2-FY27 Financials ▪ Q2FY27 Revenue: INR 406 Cr (262 Cr in Q2FY26) ▪ Q2FY27 Profit After Tax: INR -207 Cr (-307 Cr in Q2FY26) ▪ Order book at end of Q2: INR 2,315 Cr (1,529 Cr in Q1FY27) Q2 Revenue Mix (1) Closing Order Book Mix • India: 88% • India: 96% • International: 12% • International: 4% Q2 Summary • Received the LOI for 18k+ 4G sites for BSNL 4G network expansion • Q2 revenues were driven by shipments of Optical, IP and FTTx products to Pvt operators and system integrators, initial shipments for BSNL 4G add-on and initial shipments of our end-to-end 5G solution to international customer in South America • Filed 26 patents in Q2 FY27 taking our cumulative global patent filing count to 748 (1) Excludes other operating revenue © Tejas Networks Limited 2026. All rights reserved. Q2-FY27: Financial Update INR Cr Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 Q1 FY27 Revenue from Sales & ▪1 Revenue is 406 Cr in Q2FY27 vs 262 Cr in Q2FY26 406 257 808 459 402 Service ▪2 EBITDA is at (108) Cr in Q2FY27 against (293) Cr in Other Operating Revenue - 5 0 5 0 Q2FY26 Revenue from Operations 1 406 262 808 464 402 ▪3 PAT of (207) Cr vs (307) Cr in Q2FY26 EBITDA(2) 2 (108) (293) (207) (429) (99) EBIT(1) (199) (394) (393) (626) (194) PBT (277) (473) (548) (770) (271) PAT 3 (207) (307) (409) (501) (202) 1EBIT = PBT – Other Income + Finance Cost including Net forex loss 2EBITDA = EBIT + Depreciation & Amortisation © Tejas Networks Limited 2026. All rights reserved. Q2-FY27: Key Balance Sheet Items INR Cr Q4FY26 Q1 FY27 Q2 FY27 Net Working Capital(1) 4,138 4,478 1 4,235 ▪1 Net Working Capital is lower at 4,235 Cr vs 4,478 Cr in Q1FY27 due to decreased Trade Receivables on account of collections, non-recourse Trade receivables 1,905 2,232 2,042 (Net of Cust Advance) discounting and Customer advance settlements. ▪2 Inventory of INR 2,314 Cr during Q2FY27 (vs 2,358 Cr in Q1FY27) Inventory 2,438 2,358 2 2,314 – Significant portion of inventory would be utilized in executing BSNL 4G Add-on order. Deliveries of which have started in Q2FY27. Cash and Cash Equivalents(2) 505 589 451 3▪ Net Debt increased to 4,384 Cr vs 4,277 Cr in Q1FY27 on account of increased operational and capex funding. Net Debt 3,531 4,277 3 4,384 1Net working capital taken as Current Assets (excluding Cash & Cash Equivalents) net of Current Liabilities (excluding Borrowings and lease liabilities) 2Cash and cash equivalents includes investment in liquid mutual funds, deposits, other Bank balances © Tejas Networks Limited 2026. All rights reserved. Business Updates: Q2-FY27 Wireless Wireline Expanded BharatNet Phase 3 marketshare BSNL 4G Expansion • Received LOI from an SI partner to supply IP Routers for • Received LoI from TCS for 18,685 add-on sites. Started initial upgrading the BharatNet middle-mile network in three states shipments Strategic OTN Network End-to-End 5G Mobile Network in South America • Declared L1 in a Government of India tender to deploy high- • Shipped Tejas RAN equipment for the first phase of the network capacity OTN/WDM equipment for a strategic pan-India rollout; deployed 5G Core network Wireless POCs in new Geographies FTTx networks in India • Initiated multiple POC engagements in North America and Asia- • Received POs to supply GPON OLT equipment for high-speed pacific regions broadband access networks from leading ISPs in India Custom Radio Development 400G DWDM win in Africa • Engaged in discussions with Tier-1 MNOs for custom 5G Radio • Selected as a DWDM vendor by a tier-1 pan-African telecom development operator in Africa © Tejas Networks Limited 2026. All rights reserved. Other Corporate Updates Logo Update • Launched our new logo with the Tata endorsement mark at India Mobile Congress, New Delhi • Reinforcing our Tata Group association, while retaining its familiar visual character, and giving it a more refined and contemporary finish Awards & Recognition • Won the TEPC Export Excellence award in the Large Enterprises – Telecom OEM category Patents, Standards and R&D • Filed additional patents in Q2FY27, bringing the cumulative global patent count to 748 • Inauguration of our Next-generation Connectivity Lab showcasing advanced research in 5G-Advanced, 6G and AI-powered Network Intelligence • Elected to membership of TSDSI’s 7th Governing Council © Tejas Networks Limited 2026. All rights reserved. Tejas at India Mobile Congress (IMC), 2026 Key Announcements & Demonstrations Conference & Thought Leadership ▪ Real-world demonstration of 6G Sensing technology for drone and vehicle detection ▪ Participated in 4 speaking sessions on 6G with Qualcomm Foundations & Roadmap at B6GA Symposium; ▪ End-to-end portfolio and capabilities showcase Keynote Speech by the Chairman ▪ WavePlex – Unified Mobility Stack from Radio, Baseband to Packet Core ▪ Participated in CEO and CTO Round Tables with the ▪ Hyperscale Network Solutions for Cloud and AI Data Centers – Live demos Hon’ble Minister of Communications; Tejas panelists in IMC business and technology sessions ▪ Future-ready Optical Access, Transport and Routing portfolio for the AI era © Tejas Networks Limited 2026. All rights reserved. Key Business Drivers WDM line speeds –Metro, long-haul, & multi-host coherent 7,000,000 5,000 4,500 6,000,000 )s 4,000 5,000,000 3,500 n 3,000 4,000,000 e 2,500 h 3,000,000 o 2,000 2,000,000 1,500 1,000 1,000,000 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 100G 200G 400G 600G 800G 1.2T/1.6T Bandwidth equivalent (Pbps) Source: Omdia © 2026 Omdia © Tejas Networks Limited 2026. All rights reserved. Bandwidth equivalent (Pbps) Total mobile connections by technology, Global (millions) Wireless • Expansion of 5G deployment in emerging markets – 5G rollouts to continue till 2030 • Global 5G FWA subscriptions to triple and reach ~90 million by 2030 • Expansion of existing 4G network domestically • AI accelerating 6G commercialization; need for higher-capacity massive MIMO Radio, AI-native Baseband and Core Wireline • AI Data Centers driving generational upgrades of Access, Aggregation, Metro and Backbone optical networks • High bandwidth Enterprise connectivity • Increase in Residential Broadband connectivity • Backhaul connectivity for wireless network expansion • Modernization of Utility networks Coherent WDM lines shipped by speed, Global (units) Key Focus Areas - Products 5G Radio Access Network Portfolio Expansion of 5G Radio portfolio across larger number of bands Compact Base Band Unit supporting 5 frequency bands in one site Investments in 5G-Advanced, 6G • AI-RAN - AI based algorithms for channel estimation, power management and mobility • Integrated sensing and communication • Reconfigurable Intelligent Surfaces Enhance Wireline portfolio to address the AI future • Expansion of IP/MPLS routing portfolio • High-capacity, low latency access - 200G and beyond • High-capacity Packet aggregation, Optical backbone AI-based network management solutions • Network optimization, fault prediction, network resilience and capacity planning © Tejas Networks Limited 2026. All rights reserved. Key Focus Areas – Business and Operations Business • Leverage e [Showing first 8,000 characters — download PDF for full document]