Tera Software Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Veera Brahma Rao Arekapudi as an Independent Director. The company's Board of Directors approved the postal ballot conduct at their meeting held on February 10, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

E-Voting Schedule and Process

The remote e-voting process will be conducted exclusively through electronic mode, with KFin Technologies Limited serving as the e-voting service provider. The company has established a comprehensive timeline for the voting process:

Shareholders whose names appear on the Register of Members or Register of Beneficial Owners as of the cut-off date will be eligible to participate in the voting process. The company will send the postal ballot notice only through electronic mode to members with registered email addresses.

Proposed Director Appointment

The postal ballot seeks approval for appointing Mr. Veera Brahma Rao Arekapudi (DIN: 07540040) as an Independent Director for a term of five consecutive years, commencing from February 10, 2026 to February 9, 2031. Mr. Arekapudi was initially appointed as an Additional Independent Director by the Board on February 10, 2026, based on the Nomination and Remuneration Committee's recommendation.

Director's Professional Background

Mr. Arekapudi brings extensive experience in banking and financial services to the Board:

His professional credentials include postgraduate diplomas in Securities Law and Alternate Dispute Resolution, registration as an Insolvency Professional with IBBI, and advanced leadership training from institutions including IIM Kolkata and Wharton Business School. During his SBI tenure, he also served as CEO of Trust Exchange Company, Doha, Qatar for four years.

Regulatory Compliance and Documentation

The company has received all necessary documentation from Mr. Arekapudi, including consent to act as Director in Form DIR-2, declaration of non-disqualification under Section 164 of the Companies Act, 2013, declaration of independence, and confirmation of registration in the Independent Directors' Databank. The appointment requires shareholder approval through a Special Resolution as mandated by the Companies Act, 2013 and SEBI LODR Regulations.

Voting Access and Results

Shareholders holding shares in both demat and physical form can participate through the e-voting platform. The postal ballot notice is available on the company's website at www.terasoftwre.com , stock exchange websites, and KFin Technologies' portal. Results will be displayed at the company's registered office in Hyderabad, published on the company website, and communicated to stock exchanges where the company's equity shares are listed.

Tera Software Limited delivered exceptional financial performance in Q3FY26, demonstrating strong operational efficiency and strategic growth across its business segments. The Hyderabad-based IT solutions company announced its unaudited financial results for the quarter ended December 31, 2025, showcasing remarkable improvements in profitability and revenue generation.

Outstanding Financial Performance

The company's financial metrics reflected substantial growth across all key parameters during Q3FY26:

Segment-wise Revenue Analysis

The company operates through three primary business divisions, with the Projects Division leading the growth trajectory:

The Projects Division demonstrated exceptional performance, contributing 61.9% of total revenue in Q3FY26 compared to 37.4% in the previous year. The Technical Division maintained steady growth, reinforcing the company's diversified revenue base.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Tera Software sustained its growth momentum:

• Total Revenue: ₹16,330.81 lakhs (vs ₹7,369.11 lakhs in 9MFY25)
• Net Profit: ₹1,790.21 lakhs (vs ₹696.58 lakhs in 9MFY25)
• Profit Before Tax: ₹2,382.23 lakhs (vs ₹862.73 lakhs in 9MFY25)
• Basic EPS: ₹14.06 (vs ₹4.90 in 9MFY25)

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency with technical and operation expenses accounting for 63.4% of revenue in Q3FY26. Employee benefit expenses increased to ₹1,062.56 lakhs from ₹457.41 lakhs in Q3FY25, reflecting business expansion and talent acquisition initiatives.

Corporate Governance and Compliance

The Board of Directors, led by Chairman and Managing Director T. Gopichand, approved the unaudited financial results at their meeting held on February 10, 2026. The results were reviewed by the Audit Committee and prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under the Companies Act, 2013. The company maintains its registered office at Jubilee Hills, Hyderabad, and continues to focus on redefining IT solutions across its operational segments.