Tera Software to Hold 31st AGM on September 26, 2025; Proposes ₹1 Dividend, Director Remuneration, and Increased Borrowing Limits
The declaration of a dividend directly impacts shareholders. The approval of a large director incentive and increased borrowing limits (₹1,500 crore) suggests significant financial and strategic implications for the company's future operations and growth, warranting a high impact rating.
The announcement includes a proposed dividend, a significant one-time incentive for a director for securing a major project, re-appointment of key management, and approval for substantial borrowing limits, all of which indicate positive corporate activity and future growth potential.
* The 31st Annual General Meeting (AGM) of Tera Software Limited will be held on Friday, September 26, 2025, at 04:00 P.M. (IST) at the company's Registered Office in Hyderabad, Telangana. * Members will consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2025, along with the Reports of the Board of Directors and Auditors thereon. * A final dividend of ₹1 (Rupee One only) per equity share of face value ₹10 each has been proposed for the financial year ended March 31, 2025. The Record Date for dividend eligibility and e-voting is Friday, September 19, 2025. * The company will provide e-voting facilities, with remote e-voting commencing on Tuesday, September 23, 2025 (9:00 A.M.) and concluding on Thursday, September 25, 2025 (5:00 P.M.). * Shareholders will vote on the re-appointment of Mr. Madhu Mitra Tummala as a Director, who retires by rotation. * Approval is sought for material Related Party Transactions with TS Innovations Private Limited, a subsidiary, for an aggregate value of up to ₹100 crore (Rupees One Hundred Crore only) annually. * M/s RPR & Associates, Practicing Company Secretaries, Hyderabad, are proposed to be appointed as Secretarial Auditors for a term of five consecutive years, commencing from Financial Year 2025-26 till Financial Year 2029-30, at an annual remuneration of ₹1,20,000 (Rupees One Lakh Twenty Thousand Only). * A special resolution proposes a one-time incentive of ₹5.10 crore (Rupees Five Crores Ten Lakhs Only) to Mr. T. Madhu Mitra, Whole-Time Director, for his outstanding contribution in securing the BSNL BharatNet Project (order value of ₹2552 crore). * Another special resolution seeks to increase Mr. T. Madhu Mitra's monthly remuneration from ₹1,65,000 to ₹2,00,000 (Rupees Two Lakhs Only), plus a conveyance allowance of ₹15,000 (Rupees Fifteen Thousand Only) per month, with an annual increment of 10%, effective from February 1, 2025. * Approval is sought for the continuation of Mr. Tummala Gopichand, Chairman & Managing Director's remuneration, including a salary of ₹9,00,000 (Rupees Nine Lakhs Only) per month and perquisites. * Mr. Tummala Gopichand is proposed for re-appointment as Chairman & Managing Director for a further period of five years, from September 1, 2026, till August 31, 2031, with a monthly salary of ₹9,00,000 (Rupees Nine Lakhs Only) and 1% commission on net profits. * Shareholders will also approve managerial remuneration for Mr. T. Gopichand and Mr. T. Madhu Mitra, even if it exceeds the limits prescribed under Regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. * The company seeks approval to increase its overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013, to ₹1,500 crore (Rupees One Thousand Five Hundred Crores only) or the aggregate of paid-up share capital, free reserves, and securities premium, whichever is higher. * Approval is also sought under Section 180(1)(a) for the creation of mortgage or charge on the company's assets, properties, or undertakings to secure borrowings up to ₹1,500 crore (Rupees One Thousand Five Hundred Crores only). * The AGM agenda includes a resolution for approval to advance any loan/give guarantee/provide security under Section 185 of the Companies Act, 2013.
What to do with a filing like this
Tera Software Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Tera Software Limited. Read the original for the full detail.