Tera Software Limited has informed the Exchange about Shareholders meeting
TERASOFT · price
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Tera Software Limited held its 31st AGM on September 26, 2025 at its registered office in Jubilee Hills, Hyderabad. All 13 resolutions were passed with the requisite majority. Key items approved include adoption of audited financial statements for FY ended March 31, 2025, declaration of a dividend of Re.1 per equity share, re-appointment of Mr. Madhu Mitra Tummala as director, re-appointment and remuneration of CMD Mr. Tummala Gopichand, approval of material related party transactions with TS Innovations Private Limited, appointment of RPR & Associates as Secretarial Auditors, and higher borrowing limits and related powers under Sections 180 and 185 of the Companies Act. Voting turnout was about 52% of outstanding shares (65.10 lakh shares polled out of 1.25 crore), with promoters abstaining from resolutions in which they were interested. Promoter votes (59.32 lakh) carried most resolutions above 99%, while non-promoter public shareholders showed notable dissent of 4-57% on resolutions involving promoter remuneration and related party deals.
Shareholders get a Re.1 dividend per share and continuity in promoter-led management with re-appointed directors and higher approved remuneration. The relatively higher dissent from public shareholders on resolutions benefiting the promoter group (4-57% against) signals some governance sensitivity but is unlikely to materially affect the stock in the near term.