Tera Software Ltd. — AGM Information 2020

Oct 31, 2020

TERA SOFTWARE LIMITED #8-2-293/82/A/1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-500 033 Telangana INDIA

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Date: 31.10.2020

To, BSE Limited National Stock Exchange of lndia Limited P.J Towers Exchange Plaza, Bandra Kurla complex Dalal Street, Bandra(E), Mumbai – 400051 Mumbai – 400 001. Symbol: TERASOFT

Scrip: 533982

Dear Sir / Madam,

Sub: Proceedings of 26[th] 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 26[th] Annual General Meeting (AGM) of the shareholders of the Company was held at 11.20 hours on Saturday, 31st October, 2020 through Video Conferencing in compliance with the circular 14/2020, 17/2020 and 20/2020 dated 8 April 2020, 13 April 2020 and 5 May 2020, respectively, issued by the Ministry of Corporate Affairs (MCA) and Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated 12 May 2020 issued by the Securities and Exchange Board of India (collectively referred to as ‘the Circulars’) and other applicable provisions of the Companies Act, 2013 and the SEBI Regulations, 2015.

Directors present through Video Conferencing:

1. Mr. Tummala Gopichand, Vice Chairman & Managing Director, from registered office of the company

2. Dr. Hanuman Chowdary Tripuraneni, Independent Director, from registered office of the company

3. Mrs. Thozuvanoor Vellat Lakshmi, Independent Director, from registered office of the company

4. Mrs. Tummala Pavana Devi, Non-executive director, from registered office of the company

5. Mr. Bapaiah Chowdary, Non-executive director, from his residence, Tenali

Invitees present through Video Conferencing

1. Mr. O. Babu Reddy, Chief Financial Officer

2. Mr. B. Krishna Sivaram Apparao, Partner, Mullapudi & Co, Chartered Accountants (Statutory Auditors)

3. Mr. Sree Rama Chandra Murthy, Partner, Darapaneni & Co. (Internal Auditors)

4. Mrs. Manisha Manepalli (on behalf of Secretarial Auditors)

.

Mr. Koteswara Rao SSR, Chairman of the Board, Independent Director conveyed his inability to attend the meeting due to health reasons. Total 48 members were present through VC.

Mr. Gopichand Tummala chaired the meeting and conducted its proceedings. After ascertaining the requisite quorum being present, he called the meeting to order. The Chairman addressed the

CIN: L72200TG1994PLC018391

Regd. Office : #8-2-293/82/A/1107, Road No. 55, Jubilee Hills, Hyderabad-500 033 Telangana INDIA Tel: +91-40-2354 7447 Fax: +91-40-2354 7449, Email: info@terasoftware.in, www.terasoftware.com

TERA SOFTWARE LIMITED #8-2-293/82/A/1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-500 033 Telangana INDIA

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shareholders and briefed them about the performance and achievements of the Company during the financial year 2019-20. The shareholders were informed that statutory registers such as Registers of Directors and Key Managerial Personnel and their shareholding, Register of Contracts were made available electronically for inspection on CDSL E-voting platform.

The notice convening the meeting and the report of the statutory auditors were taken to be read, with the permission of the members present.

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 electronically during the meeting following the same instructions. 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. Consideration and adoption of the Audited Standalone Balance Sheet as at March 31, 2020, Statement of Profit and Loss for the Financial Year ended on March 31, 2020, Cash Flow Statement for the financial year ended March 31, 2020 and reports of Directors and Auditors thereon.

• "RESOLVED THAT the Audited Balance Sheet as at March 31, 2020, Statement of Profit and Loss for the financial year ended on March 31, 2020, Cash Flow Statement for the financial year ended March 31, 2020 and reports of Directors and Auditors thereon, be and are hereby received, considered and adopted"

1. Appointment of a Director in place of Mr. Bapaiah Chowdary Tummala, Director (DIN: 00107795), who retires by rotation and being eligible, offers himself for re-appointment.

• "RESOLVED THAT Mr. Bapaiah Chowdary Tummala, Director (DIN: 00107795) who retires by rotation at this Annual General Meeting be and is hereby re-appointed as a Director of the Company and that his period of office be liable to retire by rotation.”

The members were then proposed a vote of thanks. The meeting ended at 12:15 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.

Yours truly, For TERA SOFTWARE LIMITED

TUMMALA Digitally signed by TUMMALA GOPICHAND GOPICHAND Date: 2020.10.31 12:50:18 +05'30' Gopichand Tummala Vice Chairman & Managing Director DIN: 00107886

CIN: L72200TG1994PLC018391

Regd. Office : #8-2-293/82/A/1107, Road No. 55, Jubilee Hills, Hyderabad-500 033 Telangana INDIA Tel: +91-40-2354 7447 Fax: +91-40-2354 7449, Email: info@terasoftware.in, www.terasoftware.com