Company Overview
Tera Software Limited (CIN: L72200TG1994PLC018391), incorporated in 1994, is a pure-play Indian e-Governance company operating across 22 states. The company filed comprehensive disclosures including its 32nd Annual General Meeting notice and FY26 financial results pursuant to SEBI Regulations 30 and 34.
Financial Performance Highlights
Tera Software reported exceptional FY26 results with 121% revenue growth to ₹238.05 crore (from ₹107.64 crore in FY25) and 163% PAT increase to ₹24.80 crore (from ₹9.42 crore). Key financial metrics showed significant improvement: Return on Equity increased 121% to 0.17, Net Profit Ratio improved 19% to 0.10, and Trade Receivable Turnover Ratio surged 90% to 1.50. The board recommended a final dividend of ₹1.20 per share (12%) with record date set for September 22, 2026.
32nd Annual General Meeting Details
The AGM will be held on September 29, 2026 at the company's Hyderabad registered office. Key agenda items include adoption of audited financial statements, dividend declaration, reappointment of director Mr. T. Bapaiah Chowdary, and approval of related party remuneration for Mr. T. Rajasekhar (Vice President and son of Chairman). Remote e-voting will be available from September 26-28, 2026 through KFin Technologies.
Operational and Project Highlights
The company operates major projects including:
- Odisha BharatNet Phase-II Project (₹496.08 crore) covering 20,427 km across 3,065 Gram Panchayats
- Davanagere Smart City Project (₹74.84 crore) in Karnataka
- Spot Billing System Projects for UP DISCOMs (₹600+ crore)
- BSNL BharatNet Phase-III Middlemile Project (consortium value ₹7,005.55 crore)
Contingent Liabilities and Disputes
The company faces significant contingent liabilities of ₹2,715.61 lakhs from various disputes including:
- Bank Guarantee invoked by Andhra Pradesh State Fibernet Limited: ₹428.38 lakhs (under dispute)
- Service Tax disputes: ₹830.97 lakhs (appeal filed with CESTAT)
- VAT disputes in Kerala and AP: ₹339.42 lakhs
- Various GST disputes: ₹1,142.99 lakhs across multiple jurisdictions
Related Party Transactions
Key transactions included unsecured loans from promoters totaling ₹610 lakhs (₹475 lakhs from Chairman T. Gopichand, ₹135 lakhs from Director T. Madhu Mitra) and managerial remuneration payments to family members totaling ₹53.52 lakhs. The company also approved related party remuneration for Vice President T. Rajasekhar at ₹2,57,000 per month with 10% annual increments.
Corporate Structure and Governance
The company has one subsidiary, TS Innovations Private Limited (76% owned, became wholly-owned subsidiary in June 2026). The board consists of executive directors T. Gopichand (Chairman & MD) and T. Madhu Mitra, along with non-executive and independent directors. Various committees including Audit, Nomination & Remuneration, and CSR committees are operational.