TERASOFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tera Software Limited has announced the results of a postal ballot conducted via remote e-voting from February 24 to March 25, 2026. The single resolution was a Special Resolution to appoint Mr. Veera Brahma Rao Arekapudi (DIN: 07540040) as an Independent Director of the company. A total of 59,58,501 votes were polled by 92 members, with an overwhelming 99.93% (59,54,467 votes) in favour and just 0.07% (4,034 votes) against the resolution. The scrutinizer, Y. Ravi Prasada Reddy of RPR & Associates, confirmed the resolution was passed with the requisite majority. The resolution is deemed to have been passed on March 25, 2026.
This is a routine corporate governance announcement with near-unanimous shareholder support, so it is unlikely to have any material impact on the stock price. It simply formalises the appointment of a new Independent Director to the board.