Tera Software Ltd. — AGM Information 2019

Sep 27, 2019

TERA SOFTWARE LIMITED

8-2-293/82/A/1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-500 003 Telangana, INDIA

Date: 27.09.2019

To, BSE Limited P.J Towers Dalal Street, Mumbai - 400 001.

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla complex Bandra(E), Mumbai - 400051 Symbol: TERASOFT

Scrip: 533982

Dear Sir I Madam,

Sub: Proceedings of 25th Annual General Meeting and disclosures under SEBI (LODR) Regulations.

Summary of proceedings as required under Regulation 30 read with Part-A of Schedule-III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is as follows:

The 251h Annual General Meeting (AGM) of the shareholders of the Company was held at 1100 hours on Thursday, 26 September, 2019 at Jubilee Hills International Centre, Road No. 14, Jubilee Hills, Hyderabad, Telangana 500033.

Mr. Koteswara Rao SSR, Chairman of the Board, Mr~ Tummala Gopichand, Vice Chairman & Managing Director, Mrs. Tummala Pavana Devi, Non-executive director, Mr. Bapaiah Chowdary, Nonexecutive director, Dr. Hanuman Chowdary Tripuraneni, Independent Director, Mr. Ramalingappa Shivabasappa Bakkannavar, Independent Director, Mrs. Thozuvanoor Vellat Lakshmi attended the meeting. Mr. B. Krishna Sivaram Apparao, Partner, Mullapudi & Co, Chartered Accountants (Statutory Auditors); Mr. Sree Rama Chandra Murthy, Partner, Darapaneni & Co. (Internal Auditors) and Mr. Ch. Venkat Reddy (Secretarial Auditors) were present at the meeting.

Mr. Gopichand Tummala addressed the shareholders and briefed them about the performance and achievements of the Company during the financial year 2018-19. He took note of the suggestions given by the shareholders and provided responses to the queries raised by them.

Mr. Koteswara Rao SSR, chaired the meeting and conducted its proceedings. The requisite quorum being present, he called the meeting to order. The notice convening the meeting and the report of the statutory auditors were taken to be read, with the permission of the members present.

	Manner of attendance	Promoters/ Promoters' Grou
		4
2		0
		4

CIN: L72200TG1994PLC018391

Thereafter, The Chairman informed that the Company had provided the shareholders the facility to cast their votes electronically, on all resolutions set forth in the notice convening the AGM. Shareholders who were present at the AGM and had not cast their votes electronically were provided the opportunity to cast their votes at the end of the meeting by means of ballot. It was further informed that there would be no voting by show of hands. All the below items of business, as set out in the Notice of AGM, circulated to the shareholders, were transacted at the meeting and the following resolutions were passed:

Ordinary Resolutions:

• 1. Approval of the Audited Balance Sheet as at March 31, 2019, Statement of Profit and Loss for the financial year ended on March 31, 2019, Cash Flow Statement for the financial year ended March 31, 2019 and reports of Directors and Auditors thereon.
• 1. Appointment of a Director in place of Mrs. Tummala Pavana Devi, Director (DIN: 00107698), who retires by rotation and being eligible, offers herself for re-appointment.

Special Resolutions:

• 1. Re-appointment of Dr. Hanuman Chowdary Tripuraneni (DIN: 00107006 AGE: 87) as an Independent Director
• 1. Re-appointment of Mr. Ramalingappa Shivabasappa Bakkannavar ((DIN: 00108720 AGE:77 years) as an Independent Director
• 1. Re-appointment of Mr. Surapaneni Sree Rama Koteswara Rao (DIN: 00964290 AGE: 76) as an Independent Director
• 1. Re-appointment of Mrs. Thozuvanoor Vellat Lakshmi (DIN: 00003020 AGE: 60) as an Independent Director

The Company Secretary then proposed a vote of thanks. The meeting ended at 11 :48 hours.

Voting results as required under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations shall be submitted separately.

This is for your intimation and records.

'ii ~Dl~UI COMPANY SECRETARY \ .,1, Yours truly, For TERA SOFTWARE