Tera Software Limited has announced that its Board of Directors will convene on February 10, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting represents a key milestone in the company's quarterly reporting cycle as it prepares to disclose its financial performance for the period ended December 31, 2025.

Board Meeting Details

The board meeting has been scheduled in compliance with Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details of the upcoming meeting include:

Regulatory Compliance

Tera Software Limited has ensured full compliance with regulatory requirements ahead of the board meeting. The company has already disseminated the notice of trading window closure pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended by SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2019. This measure prevents insider trading during the period leading up to the financial results announcement.

Meeting Agenda

The board will primarily focus on considering and approving the unaudited financial results for both standalone and consolidated operations for Q3FY26. The meeting agenda also includes other items as set out in the formal agenda, along with any additional business that may be taken up with the permission of the Chair. This comprehensive approach ensures all relevant matters are addressed during the session.

Stock Exchange Notification

The company has formally notified both major stock exchanges about the upcoming board meeting. Tera Software Limited shares are listed on BSE Limited under scrip code 533982 and on the National Stock Exchange of India Limited under the symbol TERASOFT. The notification was signed by CH. Mallikarjuna, Company Secretary & Compliance Officer, ensuring proper authorization and compliance with listing requirements.

Tera Software Limited , a technology solutions provider, has received a Goods and Services Tax (GST) demand order amounting to Rs 12,04,76,230 from the Assistant Commissioner of Commercial Taxes Department in Tenali, Andhra Pradesh. The order alleges discrepancies in the company's Input Tax Credit (ITC) claims and output tax declarations for the period from July 2017 to August 2019.

Details of the GST Demand

Company's Response

Tera Software has stated that the GST demand order does not have an immediate impact on its financial or operational activities. The company has indicated that it is taking steps to legally challenge the order, suggesting that it may dispute the allegations made by the tax department.

Implications and Next Steps

While the GST demand is significant, it's important to note that such orders are not uncommon in the business landscape, especially when dealing with complex tax structures like GST. The company's decision to legally challenge the order indicates its confidence in its tax compliance practices.

Investors and stakeholders should keep in mind that:

1. The company has stated there is no immediate financial or operational impact.
2. The legal challenge process may take time, and the final outcome could differ from the initial demand.
3. It's advisable to monitor future company disclosures for updates on this matter.

As the situation develops, Tera Software may provide more details on its strategy to address this tax demand and any potential long-term implications for the company's financials.