Tejas Networks revamps leadership with a new MD & CEO and CFO amid a sharp revenue fall and widening FY26 losses, signalling a strategic reset to stabilise operations and finances.
Tejas Networks on April 15, 2026 approved a major leadership reshuffle led by the elevation of Arnob Roy as Managing Director and Chief Executive Officer, while also appointing AVS Prasad as Chief Financial Officer. The decisions were taken by the Board of Directors based on recommendations from the Nomination and Remuneration Committee and Audit Committee, in line with SEBI Listing Regulations. The move comes at a time when the company is navigating a sharp financial downturn.
Arnob Roy, who was earlier serving as Executive Director and COO, will now lead the company as MD & CEO from April 15, 2026 to August 3, 2028, subject to shareholder approval. Alongside this, AVS Prasad will take over as CFO from May 16, 2026, replacing Sumit Dhingra, whose resignation will be effective May 15, 2026.
The company also appointed Preetham Uthaiah as Chief Operating Officer effective April 15, 2026, ensuring operational continuity under the new leadership structure.
Financial performance
The leadership change comes during a weak financial performance in Q4 FY26. Tejas Networks reported consolidated revenue from operations of ₹3.33 billion, marking a steep 82% decline compared to the same period last year. The company’s net loss after tax widened significantly to ₹2.11 billion, compared to a loss of ₹720 million in the corresponding period.
This quarter saw a sharp rise in warranty-related provisions, which stood at ₹393 million for the quarter, contributing to elevated expenses. For the full year, warranty provisions reached ₹1.08 billion, indicating increased product support costs.
On year on year basis, the company swung from a profit of ₹4.46 billion in FY25 to a net loss of ₹9.08 billion in FY26, reflecting operational and cost challenges.
The timing of the MD & CEO and CFO appointments suggests a strategic reset. The Company is hence aiming to stabilise operations, improve cost structures, and steer financial recovery under a new leadership framework.
