
Arnob Roy, Tejas Networks Share Price Jumps 16% after his appointment as CEO (Pic: X)
Tejas Networks Shares Jump After New CEO Appointment: Shares of Tejas Networks emerged as one of the biggest surprise packages in the market on Thursday, rallying as much as 16% intraday after the company announced a major shake-up at the top. What began as a rather sedate opening around ₹465 soon turned into a full-blown bull run as buyers swarmed into the counter with optimism. By 10 am, the stock had comfortably crossed the ₹500 mark and, within minutes, touched an intraday high of ₹544.55. It later hovered between ₹535 and ₹545, indicating that the Street was in no mood to apply the brakes just yet. The exuberance largely tracked the appointment of Arnob Roy as the new Managing Director and CEO of the company.
While Arnob Roy may be the new chief in office, when it comes to the company, he’s anything but new. In fact, his appointment as the new Managing Director and CEO seems less like a transformation of leadership, and more like the captain of the ship finally taking over the reins of the very vessel he helped conceptualise over two decades ago.
Roy has been appointed as MD & CEO for a period from April 15, 2026 to August 2028. Prior to this, he was serving as the Executive Director and Chief Operating Officer at Tejas Networks since 2019, monitoring various verticals such as operations, research, product development and sales.
His association with the company dates back to February 2003, when India’s telecom equipment ecosystem was still in its infancy. Over the years, Roy has helped shape the company’s tools as well as its engineering and product capabilities, enabling it to become one of India’s most recognised telecom networking firms.
An alumnus of the University of Calcutta and Jadavpur University, Roy brings with him over 33 years of experience in the high-technology sector. Along with his appointment, the company also announced the elevation of Preetham Uthaiah as the company’s COO as part of a leadership restructuring.
| Particulars | Q4 FY2026 | Q4 FY2025 | Change |
|---|---|---|---|
| Consolidated Net Loss | ₹211.3 crore loss | ₹71.8 crore loss | Loss widened |
| Net Sales | ₹332.7 crore | ₹1,906.9 crore | Down 82% YoY |
| Particulars | FY2026 | FY2025 | Change |
|---|---|---|---|
| Consolidated Net Profit/Loss | ₹909 crore loss | ₹447 crore profit | Shifted into loss |
| Annual Revenue | ₹1,103 crore | ₹2,396 crore | Declined sharply |
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Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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