Tera Software Limited has informed the Exchange regarding Re-Appointment of Mr. T. Madhu Mitra as Whole Time Director of the company w.e.f. September 26, 2025, who retired by rotation.
TERASOFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At the 31st Annual General Meeting held on September 26, 2025, shareholders approved the re-appointment of Mr. Madhu Mitra Tummala as Whole Time Director, who had retired by rotation. Separately, shareholders approved the re-appointment and remuneration of Mr. Tummala Gopichand as Chairman and Managing Director, effective September 1, 2026. The board is a family-led structure: Mr. Gopichand (CMD, 66 years) is the father, Mr. Madhu Mitra (WTD, 39 years) is his son, and Mr. T. Bapaiah Chowdary (Non-Executive Director) is Gopichand's brother. Mr. Gopichand holds 6.56% of equity shares and Mr. Madhu Mitra holds 6.72%. Both directors have been confirmed as not debarred by SEBI and not disqualified under Section 164 of the Companies Act.
This is a continuity announcement with no change in leadership — both directors are being retained, providing management stability. However, the re-confirmed family-dominated board (father, son and brother on the board) may draw governance scrutiny from institutional investors.