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:

Tera Software Limited published its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, on May 19, 2026. The results, approved by the Board of Directors on May 18, 2026, were intimated pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors issued an unmodified opinion on the financial statements.

Standalone Financial Performance

For the financial year ended March 31, 2026, the company reported a significant surge in standalone net profit to ₹2,480.46 lakhs, compared to ₹942.08 lakhs in the previous year. Total income from operations rose to ₹24,197.52 lakhs from ₹11,170.49 lakhs in FY25. The Projects Division was the primary revenue driver, contributing ₹16,208.53 lakhs, while the Technical Division added ₹7,596.00 lakhs.

Consolidated Financial Performance

On a consolidated basis, total income from operations for FY26 stood at ₹24,197.52 lakhs versus ₹11,170.49 lakhs in the prior year. Net profit before other comprehensive income was ₹2,480.07 lakhs, compared to ₹941.49 lakhs in FY25. Total consolidated assets increased to ₹32,507.51 lakhs as of March 31, 2026, from ₹21,330.11 lakhs in the previous year.

Operational Notes

The company noted that revenue from the Bharat Net (DBN) project was impacted due to a slowdown in project execution caused by state elections. However, it anticipates improved revenue generation with the resumption of normal administrative activities. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS).