The Exchange had sought clarification from Tera Software Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
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NSE had sought a clarification from Tera Software Limited on its audited financial results for the quarter and year ended 31-March-2025, noting that the filing was not in the format prescribed under SEBI Regulation 33. The company explained that a 'Balancing Figures' note required under Regulation 33(3)(e) was inadvertently missed out in the original filing made on 16-May-2025. The company has now submitted revised results adding this as Note-4. The auditor (M/s Narven Associates) issued an unmodified opinion on the financial statements. Key financials: FY25 total income rose to Rs 11,170.49 lakhs (up ~26% from Rs 8,841.13 lakhs in FY24), and net profit after tax jumped to Rs 942.08 lakhs (up ~140% from Rs 391.95 lakhs). The auditor flagged expected credit loss on trade receivables and material tax/GST disputes as key audit matters.
This is a procedural correction rather than a substantive issue — the underlying numbers are unchanged and the auditor's opinion remains clean, so no material impact on shareholders is expected. However, investors should note the disclosed contingent liabilities from tax/GST disputes across multiple states, which appear sizable relative to the company's profit base.