Tejas Networks Limited Announced that at their meeting held on, March 29, 2023, the Board considered and approved, subject to the approval of the Shareholders, the appointment of Mrs. Alice G Vaidyan, as Non-executive, Independent (Additional) Director of the Company, not liable to retire by rotation for a period of 5 years with effect from March 29, 2023untillMarch 28, 2028. Mrs. Alice G Vaidyan, former Chairman and Managing Director of General Insurance Corporation of India and the First Lady CMD in the Indian Insurance industry has over 40 years of experience, and is considered among the foremost experts in the insurance and reinsurance industry, in India and across the globe. During her tenure at the helm of GIC Re, the company became the 10th largest reinsurer globally and was recognised by Forbes as among the 250 best regarded global companies, growth champions and best employers.

She also led the largest IPO in the financial sector in India during the successful listing of GIC Re in 2017. She has won several national and international awards. She was the only Indian in Fortune's Global list (2018) of 50 Most Powerful Women in Business.

In April 2019, Mrs. Vaidyan was honored with the Freedom of City of London in recognition of her work to promote insurance ties between India and London. She won the ET Prime Woman CEO of The Year award in 2019. Business recognized her as one of the 30 most powerful women in Indian business successively in 2016, 2017 and 2018.

FORTUNE India announced her as the 4th most powerful woman in Business in 2018 and in 2019. ASSOCHAM honored her with the Leadership Excellence Award in February 2019. During her Chairmanship of GIC, Mrs. Vaidyan has served on the Boards of several Indian and global organizations such as Life Insurance Corporation of India, ECGC Limited, Kenindia Assurance Co.

Ltd., Indian Register of Shipping, GIC Housing Finance Ltd., GIC Re South Africa, GIC Re Lloyds Syndicate 1947, Asian Reinsurance Corporation, Bangkok, International Insurance Society, New York and National Insurance Academy. Mr. Sanjay Nayak, Chief Executive Officer (CEO) and Managing Director (MD) has expressed his desire to seek voluntary retirement from the services of the Company to pursue other personal interest. Mr. Nayak would step down from his role as CEO and MD by the next Annual General Meeting of the company.

The Board of Directors has considered his request and accepted the same. The Board placed on record their appreciation for the contribution made by Mr. Sanjay Nayak, during his tenure as CEO and MD of the Company. Based on the recommendation of the Nomination and Remuneration Committee, the Board considered and approved the appointment of Mr. Anand Athreya as the CEO and MD designate of the Company and he will join the Company effective April 3, 2023.

Mr. Atherya would be appointed as CEO and MD post all regulatory and shareholders approvals. Mr. Athreya has more than 25 years of highly technical and managerial experience in telecom equipment, networking, and software industries. He was the Executive Vice President & Chief Development Officer of Juniper Networks since 2017 and he served as Senior Vice-President of the Routing Business Unit for 3 years prior to his current role.

Mr. Athreya was with Juniper Networks since 2004 until November 2022. Mr. Athreya earned his B.E. in Electrical Engineering from Bangalore University, India, and M.Tech in Computer Science and Engineering from Osmania University, India. He later moved to USA and obtained Master's in Business Administration (Hons.) from National University, CA.

He also attended the Advanced Management Program at Harvard Business School.