The move comes nearly five years after he first gained exposure to the telecom equipment manufacturer.
As per the shareholding pattern for the June 2025 quarter, Kedia Securities — under which Kedia held his stake — was not listed among public shareholders. In the preceding quarter ending March 2025, he held 18 lakh shares or a 1.02% stake in the company.
His name dropping off the list could indicate a complete exit or a reduction in holdings to below 1%, which doesn’t require public disclosure.
Shares of Tejas Networks fell 3.3% today, hitting a new 52-week low of Rs 605 on the BSE.
Tejas Networks Q1 results
The sharp fall in the stock also follows the company’s first-quarter earnings, where it reported a net loss of Rs 194 crore for Q1FY26 — a steep reversal from a profit after tax (PAT) of Rs 77 crore in the same quarter last year.Revenue for Q1FY26 stood at Rs 202 crore, an 87% year-on-year decline from Rs 1,563 crore in Q1FY25. For the full year FY25, revenue was Rs 8,923 crore.Also read: Sebi shares Jane Street probe details with SEC
Tejas Networks share price performance
Over the past one year, the stock has declined by 51.87%, while on a year-to-date (YTD) basis, it is down 48.10%. The stock has also registered a 44.14% loss over the last six months. In the most recent three-month and one-month periods, it has fallen by 30.93% and 12%, respectively.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
