Tejas Networks Limited announced that Mr. Venkatesh Gadiyar, Chief Financial Officer of the Company has tendered his resignation vide the Letter of Resignation dated October 20, 2023 and the Board of Directors of the Company noted the same. Consequently, Mr. Venkatesh Gadiyar will cease to be Chief Financial Officer of the Company and will be relieved from the services of the Company with effect from close of business hours on November 30, 2023. The Board of Directors of the Company based on the recommendation of the Nomination and Remuneration Committee of the Board and as approved by the Audit Committee of the Board has appointed Mr. Sumit Dhingra as Chief Financial Officer of the Company with effect from December 1, 2023.

The term of appointment shall commence from December 1, 2023 and continue till his resignation or him attaining the age of retirement as per Company's Internal Human Resource Policy, whichever is earlier. Experience of over 16 years in corporate finance, performance management,business planning, acquisitions, fund-raising, strategic analysis, and project management across a spectrum of industries. Currently working as Assistant Vice President in the Group CFO's Office at Tata Sons Private Limited.

In the past, Sumit has also worked with Kotak Investment Banking and Everstone Capital. Mr. Sumit Dhingra is a MBA from Indian Institute of Management Calcutta & BE (CSC) from Delhi Institute of Technology.