Tera Software CFO resigns effective June 30, 2026

Mrs. D. Pravallika has resigned from the position of Chief Financial Officer at Tera Software Limited , effective the close of business hours on June 30, 2026. The resignation, attributed to personal reasons, was communicated via a letter dated June 26, 2026. This transition impacts the company's Key Managerial Personnel structure as it seeks to ensure continuity in its financial operations.

Resignation Details

The disclosure was made to the exchanges pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the cessation is specifically in the capacity of Chief Financial Officer (KMP).

Detail	Information
Name	Mrs. D. Pravallika
Designation	Chief Financial Officer (Key Managerial Personnel)
Reason for resignation	Personal reasons
Effective date	Close of business hours on 30 June 2026

Transition Plan

Tera Software Limited stated that it is in the process of making necessary arrangements to facilitate a smooth transition of responsibilities. The company has not yet announced a successor for the position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.25%	-1.66%	-9.05%	+0.77%	+28.29%	+618.61%

Tera Software Limited has acquired the remaining 26% equity stake in TS Innovations Private Limited for a cash consideration of ₹26,000, making the entity a wholly owned subsidiary. The transaction, completed on June 13, 2026, involved the purchase of 2,600 equity shares of ₹10 each from Sitra Infotech Private Limited, an existing promoter group entity. Following this acquisition, Tera Software's shareholding in TS Innovations increased from 74% to 100%, effective immediately.

The acquisition was approved by the Board of Directors of Tera Software on May 16, 2025. As the transaction is inter-se amongst promoter group entities, it does not result in any change in control or business operations of TS Innovations. The target entity operates in the Information Technology and Software Services sector and was already an existing subsidiary engaged in IT and software-related activities.

The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no specific governmental or regulatory approvals were required for the completion of this acquisition.

Transaction Details

The key parameters of the acquisition are summarised below:

Particulars	Details
Name of Target Entity	TS Innovations Private Limited
Industry	Information Technology / Software Services
Nature of Consideration	Cash
Cost of Acquisition	₹26,000
Percentage of Shareholding Acquired	26%
Date of Completion	June 13, 2026
Previous Shareholding	74%
Post-Acquisition Shareholding	100%