Tera Software Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TERASOFT · price
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Tera Software Limited has announced the results of a Postal Ballot conducted via remote e-voting between February 24 and March 25, 2026. The single resolution on the ballot was the appointment of Mr. Veera Brahma Rao Arekapudi (DIN: 07540040) as an Independent Director, which was a Special Resolution. A total of 59,58,501 votes were polled by 92 members, with an overwhelming 99.93% (59,54,467 votes) in favour and just 0.07% (4,034 votes) against. The resolution was declared as passed with the requisite majority, and the Scrutinizer's report has been submitted by Y. Ravi Prasada Reddy of RPR & Associates.
This is a routine corporate governance update confirming the appointment of a new Independent Director with near-unanimous shareholder support. The filing is unlikely to have any meaningful impact on the stock price, as it simply formalises a previously communicated board change.