Shareholders approval has been obtained through postal ballot for the appointment of Mr. Veera Brahma Rao Arekapudi as Non- Executive Independent Director of the company w.e.f. February 10, 2026.
TERASOFT · price
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Tera Software Limited has received shareholders' approval via postal ballot (remote e-voting) for the appointment of Mr. Veera Brahma Rao Arekapudi as a Non-Executive Independent Director. The appointment is effective from February 10, 2026 for a term of five consecutive years, ending February 9, 2031. The e-voting was held between February 24, 2026 and March 25, 2026, with the resolution deemed passed on the latter date. Mr. Arekapudi brings over three decades of experience in banking, finance, corporate governance, insolvency, and regulatory adjudication. The company has confirmed he is not debarred or disqualified under Section 164 of the Companies Act, 2013.
This is a routine corporate governance announcement with no material impact on the stock price. The addition of an experienced independent director may strengthen board oversight, but does not change the company's operations or financials.