Tejas Networks has informed that Saankhya Labs (Saankhya), a majority owned and a non-material controlled unlisted subsidiary of Tejas Networks who had received an order of adjudication of penalty under Section 454 of the Companies Act, 2013 read with Rule 3 of the Companies (Adjudication of Penalties) Rules, 2014 for violation of provisions of Section 135 of the Companies Act, 2013. In this connection, also informed that Saankhya and its Key Managerial Personnel have paid the penalty amount as stated in the order of adjudication of penalty vide File No. ROC (B) / Adj. Ord. 454-117/ SAANKHYA/ Co. No. 41339/2023/806 dated July 7, 2023 and subsequently modified by a corrigendum File No ROC (B)/ Adj. Ord. 454-117/ SAANKHYA/ Co. No. 41339/2023/ dated August 2, 2023. Further, Saankhya has also filed the necessary Form No. INC 28 - Notice of Order of the Court or Tribunal or any other competent authority under the Companies Act, 2013 in this regard.
The above information is a part of company’s filings submitted to BSE.