Prime investor Vijay Kedia has exited his place in Tata Group agency Tejas Networks Ltd, as per the newest shareholding knowledge for the June 2025 quarter.
The submitting on the Bombay Inventory Alternate doesn’t record Kedia Securitiesthrough which Kedia held the inventory, amongst public shareholders, indicating that his stake has both been totally offloaded or fallen under the 1 per cent reporting threshold.
As of March 2025, Kedia held 18 lakh shares or a 1.02 per cent stake in Tejas Networks. The investor had initially entered the counter in Q1 FY21 with a 1.52 per cent holding, which peaked at 4.39 per cent within the September 2020 quarter earlier than he began paring his place.
Sharp deterioration in Q1 earnings
Tejas Networks reported a consolidated web lack of Rs 194 crore for the June quarter (Q1 FY26), in comparison with a web revenue of Rs 77 crore within the year-ago interval. Income from operations got here in at Rs 202 crore, plunging sharply from Rs 1,563 crore in Q1 FY25 and Rs 1,907 crore in This fall FY25.
EBIT stood at a damaging Rs 232 crore within the first quarter, towards a optimistic Rs 167 crore in Q1 FY25 and Rs 18 crore in This fall FY25. The corporate blamed the dismal efficiency on delays in buy order inflows and cargo clearances.
Stake trimmed steadily since 2020
Kedia had constantly diminished his stake over the previous three years. From 4.2 per cent in September 2020, his shareholding dropped to 1.87 per cent by June 2024 and additional to 1.02 per cent by March 2025. His obvious exit now comes amid a pointy turnaround within the firm’s financials and weak execution visibility.
The exit additionally comes amid broader nervousness round midcap IT and telecom {hardware} counters which have seen erratic order flows post-COVID and a return to discretionary spending cuts by governments and enterprises.
What’s subsequent for the inventory?
Tejas Networks’ weak earnings, coupled with the exit of a marquee investor like Kedia, may weigh on investor sentiment. The inventory has already seen strain publish the Q1 outcomes and should stay beneath scrutiny except readability emerges on order pipeline and margin restoration.
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