Tera Software Limited has informed the Exchange regarding Change in Auditors of the company.

Related-party transactionsRevenue growth above 20%Profit growth above 25%EBITDA margin expansionResults View source PDF Explain this filing

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+1.2%+3.9% vs market

IT Enabled Services peers, median of 57sector+0.6%+4.4% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 4.4 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 57Pending

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AI summary

Tera Software's board, meeting on 16th May 2025, approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2025, along with the auditor's report. Statutory auditor M/s Narven Associates issued an unmodified (clean) opinion on the FY25 results. The board appointed M/s RPR & Associates as the new Secretarial Auditor for a 5-year term (FY26 to FY30), replacing the previous one, and re-appointed M/s Darapaneni & Company as Internal Auditor for FY26. The board also approved acquiring the remaining 26% stake in its wholly owned subsidiary TS Innovations Private Limited, making it a 100% subsidiary, for a token cash consideration of Rs. 26,000 at face value. The Borrowing Committee was dissolved and a new Management Committee was constituted.

Likely market impact

Routine governance updates with a clean audit opinion — neutral to mildly positive for shareholders. The subsidiary acquisition is small in value but signals the company is preparing TS Innovations to execute new BSNL projects awarded to the group.

By the numbersConsolidated · Q4 FY25 vs Q4 FY24

	Q4 FY25	Q4 FY24	Change
Revenue	₹33.56 Cr	₹23.14 Cr	+45.1%
Operating profit	₹2.72 Cr	₹1.10 Cr	+147.9%
Profit after tax	₹2.95 Cr	₹1.72 Cr	+71.6%
EBITDA margin	10.9%	8.1%	+2.7 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.