Tera Software Limited has informed the Exchange regarding Board meeting held on May 16, 2025.
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Tera Software's Board, which met on May 16, 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with statutory auditors M/s Narven Associates issuing an unmodified (clean) opinion. The Board also re-appointed M/s Darapaneni & Company as Internal Auditors for FY26 and appointed M/s RPR & Associates as Secretarial Auditors for five years (FY26–FY30), subject to shareholder approval. Additionally, the company proposed acquiring the remaining 26% equity stake in its subsidiary TS Innovations Private Limited (TSIPL) for a cash consideration of just Rs. 26,000 (face value), making it a 100% wholly owned subsidiary. TSIPL, which has had no turnover since incorporation, has been awarded new BSNL projects by Tera Software. Completion is expected in Q2 FY26.
The clean audit opinion is reassuring for shareholders, while the Rs. 26,000 buyout of the remaining 26% in TSIPL is a minor, low-cost transaction that simplifies group structure. Investors should watch for execution of the new BSNL projects awarded to TSIPL, which could drive future revenue, though the subsidiary currently has no operating history.