Tera Software Limited has informed the Exchange regarding Change in Auditors of the company.
TERASOFT · price
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Tera Software's board, meeting on 16th May 2025, approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2025, along with the auditor's report. Statutory auditor M/s Narven Associates issued an unmodified (clean) opinion on the FY25 results. The board appointed M/s RPR & Associates as the new Secretarial Auditor for a 5-year term (FY26 to FY30), replacing the previous one, and re-appointed M/s Darapaneni & Company as Internal Auditor for FY26. The board also approved acquiring the remaining 26% stake in its wholly owned subsidiary TS Innovations Private Limited, making it a 100% subsidiary, for a token cash consideration of Rs. 26,000 at face value. The Borrowing Committee was dissolved and a new Management Committee was constituted.
Routine governance updates with a clean audit opinion — neutral to mildly positive for shareholders. The subsidiary acquisition is small in value but signals the company is preparing TS Innovations to execute new BSNL projects awarded to the group.