Earnings call Presentation for Q1 FY 27

July 27, 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- Q1 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 June 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 Q1FY27 – Earnings Call Presentation July 27, 2026 © Tejas Networks Limited 2026. All rights reserved. Key Updates: Q1-FY27 Financials ▪ Q1FY27 Revenue: INR 402 Cr (333 Cr in Q4FY26) ▪ Q1FY27 Profit After Tax: INR -202 Cr (-211 Cr in Q4FY26) ▪ Order book at end of Q1: INR 1,529 Cr (1,514 Cr in Q4FY26) Q1 Revenue Mix (1) Closing Order Book Mix • India: 50% • India: 93% • International: 50% • International: 7% Q1 Summary • Q1 revenues were driven by international shipments of 5G radios and domestic shipments of 100G/400G Optical and FTTx products • Registered our first commercial win for an end-to-end 5G network deployment in South America • Filed 46 patents in Q1 FY27 taking our cumulative global patent filing count to 722 (1) Excludes other operating revenue © Tejas Networks Limited 2026. All rights reserved. Q1-FY27: Financial Update INR Cr Q1FY27 Q4FY26 Q1FY26 FY26 Revenue from Sales & Service 1 402 332 202 1,097 1▪ Revenue growth of 21% vs Q4FY26 with a different product mix Other Operating Revenue 0 0 - 6 2▪ PBT of (271) Cr vs (281) Cr in Q4FY26 Revenue from Operations 402 333 202 1,103 3▪ Inventory of INR 2,358 Cr during Q1FY27 (vs 2,438 Cr in Q4FY26) EBIT(1) (194) (219) (232) (1,085) – Significant portion of inventory would be utilized in executing BSNL 4G Add-on order PBT 2 (271) (281) (297) (1,354) 4▪ Net Trade Receivables at INR 2,232 Cr vs 1,905 Cr in Q4FY26 PAT (202) (211) (194) (909) 5▪ Net Working Capital increased mainly on account of increase in Net receivables and scheduled payouts Inventory 3 2,358 2,438 2,537 2,438 6▪ Cash Position at end of Q1FY27 improved to INR 589 Cr Trade receivables 4 2,232 1,905 2,969 1,905 (Net of Cust Advance) ▪ Net Debt increase on account of increased operational and capex Net Working Capital(2) 5 4,478 4,138 4,956 4,138 funding. Gross Debt of INR 4,866 Cr and cash of INR 589 Cr at end of Cash and Cash Equivalents(3) 6 589 505 545 505 Q1FY27 Net Debt 7 4,277 3,531 3,445 3,531 1EBIT = PBT – Other Income + Finance Cost including Net forex loss 2Net working capital taken as Current Assets (excluding Cash & Cash Equivalents) net of Current Liabilities (excluding Borrowings and lease liabilities) 3Cash and cash equivalents includes investment in liquid mutual funds, deposits, other Bank balances © Tejas Networks Limited 2026. All rights reserved. Business Updates: Q1-FY27 Wireless Wireline • 5G RAN win in South America • Gigabit Fiber Broadband • Received purchase order to deliver end-to-end 5G network for an operator • Expanded FTTx footprint in Tier-1 Indian telco for their pan-India residential in South America broadband rollout • 5G mMIMO Radio Shipments • 5G Backhaul and Enterprise Services • Completed manufacturing and supply of 5G mMIMO radios to a global • Supplied 100G/400G DWDM systems to two Tier-1 telcos to boost 5G backhaul, customer, in partnership with NEC enterprise links, and hyperscaler connectivity • Wireless R&D Collaboration • Utility Modernization • Selected by a Global Tier-1 telco for a joint R&D project in 5G • Selected as a vendor for the communication network modernization of a large power utility • BSNL 4G Expansion • Carrier of Carrier Network • Awaiting expansion order for 26,000 additional 4G sites with Tejas RAN products on BSNL’s pan-India network against LOI received. • Expansion order for 100G/400G Coherent DWDM equipment in Africa from a leading bandwidth wholesaler in Africa © Tejas Networks Limited 2026. All rights reserved. Other Highlights: Q1-FY27 Awards & Recognition Partnerships Patents and R&D • TJ1600-D3 DCI product • Signed MoUs with IIT- • Filed 46 patents in Q1 FY27, selected as a global finalist Gandhinagar and MahaIT to bringing the cumulative patent (Top-3) at the prestigious catalyze and nurture local count to 722 of which 380 have 2026 Leading Lights awards innovation ecosystem in next- been granted generation telecom • Won the BCIC (Bangalore • Successfully completed field Chamber of Industry and and lab trials demonstrating Commerce) award for coexistence of D2M with cellular Manufacturing Excellence (LTE/NR) networks as per ToR established by an inter- ministerial committee © Tejas Networks Limited 2026. All rights reserved. Key Business Drivers 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 networks in India and emerging International markets WDM line speeds –Metro, long-haul, & multi-host coherent Wireline 7,000,000 5,000 4,500 6,000,000 ▪ Rapid growth in Data Centers and connectivity )s 4,000 5,000,000 3,500 ▪ High bandwidth Enterprise connectivity e n 3,000 4,000,000 e 2,500 ▪ Increase in Residential Broadband connectivity r e h 3,000,000 o 2,000 ▪ Backhaul connectivity for wireless network expansion 2,000,000 1,500 1,000 1,000,000 ▪ Modernization of Utility networks 500 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) Coherent WDM lines shipped by speed, Global (units) AI Impact: Evolving Network Architecture from Access to Core Access/Edge Optical Transport Data Center Interconnect (DCI) 5G-A/6G RAN OTN Central DC Central DC Edge DC Business Edge Coherent DWDM Compute FTTx AI Training AI Training Residence Workloads Workloads OTN/ETH Industry Access: AI traffic demands Generational build-outs and High-bandwidth and low- Tens of terabits required 20X capacity scaling upgrades of Aggregation, latency interconnects between AI data centers; Edge: AI inferencing for Metro and Backbone between geographically links range from sub-150 low-latency applications networks dispersed AI clusters km to up to 1000 km © Tejas Networks Limited 2024. All rights reserved. © Tejas Networks Limited 2026. All rights reserved. AI Impact: Enhanced 6G Portfolio for an AI Future Access/Edge Optical Transport Data Center Interconnect (DCI) 5G-A/6G RAN 800G OTN Central DC Central DC Edge DC 400G/800G/1.2T DWDM Business Edge Compute 50G-PON AI Training AI Training Residence Workloads Workloads OTN/ETH Industry Tejas Solutions for End-to-End Transformation AI-enabled Universal Domain Coherent optics NG-DWDM and Purpose-built DCI 256+ port 6G mMIMO 50G-PON OLTs and NG-Routers upto Controller upto 1.6T OTS upto 1.6T/ch, C+L+S band AI-native BBU and OTN CPEs upto 14T Core 800G © Tejas Networks Limited 2024. All rights reserved. © Tejas Networks Limited 2026. All rights reserved. Key Takeaways • Growing International traction for Wireless products • New 5G wins in International regions, multiple other engagements • Joint R&D partnership with Global tier-1 telco • BSNL 4G network performance is an endorsement of our product scalability and reliability • Steady growth in Wireline business • Driven by growth in Data Center Connectivity, Residential and Enterprise Broadband • Well positioned for an AI-driven future • Investments in 5G Advanced and 6G • Portfolio of products for building end-to-end high-bandwidth, low-latency networks required for AI infrastructure and user access © Tejas [Showing first 8,000 characters — download PDF for full document]