Tera Software Limited has informed the Exchange about Shareholders meeting
TERASOFT · price
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Tera Software Limited held its 31st Annual General Meeting on September 26, 2025, at its registered office in Jubilee Hills, Hyderabad, from 4:00 PM to 4:45 PM. A total of 102 shareholders attended (4 from the promoter group and 98 from the public). Chairman & Managing Director T. Gopichand briefed shareholders on the company's performance and achievements for FY 2024-25. Shareholders were given the option to vote electronically and via physical ballot, with results to be declared separately by the scrutinizer. Key business items put to vote included: adoption of FY25 audited financial statements, declaration of a dividend of Rs. 1 per equity share, re-appointment of a retiring director by rotation, approval of material related party transactions, and appointment of RPR & Associates as Secretarial Auditors. Several special resolutions were also tabled, covering increased remuneration and incentives for the Whole-Time Director and Chairman & Managing Director, enhanced borrowing limits under Section 180(1)(c), and authority to create charges on company assets under Section 180(1)(a).
Routine AGM proceedings with a modest Rs. 1 per share dividend declared. The resolutions on increased managerial remuneration and higher borrowing limits could be material if passed, as they may affect the company's cost structure and debt capacity. Investors should watch for the separate voting results filing to confirm shareholder approval of these special resolutions.