Tera Software Limited has informed the Exchange regarding Re-Appointment of Mr. T. Gopichand as Chairman & Managing Director of the company w.e.f. September 01, 2026.
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At the 31st Annual General Meeting held on September 26, 2025, shareholders approved two key items. First, Mr. Tummala Gopichand (DIN: 00107886), aged 66, was re-appointed as Chairman and Managing Director for a further term effective September 1, 2026. He has been associated with the company since 1994 and holds 11,96,554 equity shares (9.56%). Second, Mr. Madhu Mitra Tummala, the CMD's son and a Whole-Time Director holding 8,41,308 shares (6.72%), was re-appointed as a Director via retirement by rotation.
This is a routine leadership continuity event with no change in management control. The promoter family's grip on the board remains intact, which provides stability but also signals concentration of decision-making power among related parties.