Tera Software Ltd. — Interim / Quarterly Report 2022

Aug 12, 2022

TERA SOFTWARE LIMITED

8-2-2g31821N1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-SO0 033, Telangana, lNDlA.

Date: l2th August,2022

BSE Limited	National Stock E/shange oJl"Aa fimiGa
P.J. Towers	Exchange Plaza,fandar Kurla Complex
Dalal Street, Mumbai - 400001	Bandra (E ), Mufo ai - 400051

Dear Sirllvladam,

sub: outcome of the Board Meeting of the company herd on l2th Augu str ²⁰²² pursuant to Reguration 30, 33 and other appfocabre regurationJ oi sngr (Listing Obligations and Disclosure nequiienrentsy i.egulations, 20ls (Listing Regulations) and Companies Act, ZOtl

We, wish to inform you that, the Board of Directors of tle Company at their meeting held today i.e. Friday, l2th August, 2022 at trr. n.girt.r.a om..-of the comparry, inter alia, has approved the following:

• l' un-Audited standalone Financial Results fb, th: euarter ended 30th June, ²⁰²²alongwith Limited Review Report. .
• 2' Re-appointment of Mr. Tummala,Bapaiah Chowdary as Director, who retiring by rotation, in the ensuing Annual General Meetirrg-(Brief profile'uttu.rr"al
• 3' Appointment of M/s. Narven Associates, Charterecl Accountants, Hyderabad, as the statutory Auditors of the company in the ensuing Ail;iElr.rut Meeting (Brief profile attached)
• 4' Appointment of-Dr. Braja Bandhu Naik, as an Independent Director in the ensuing Annual General Meeting (Brief piofit, attilt ea)
• 5' Directors' Report for the Year ended 31st March, 2022 alongwith required ' Statemeuts, Reports and Disclosures.
• 6' Notice of 28th Annual General Meeting (AGM) of the shareholders of the Company scheduled to be held on24th s.ptl*u.i iizz.

CIN : L72200TG1994PLC018391

8-2-2g3t82tN1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-500 033, Telangana, lNDlA.

2) Brief Profile of Director Mr. T. Bapaiah chowdary (Retire by rotation):

Particulars
Name of the Director
Director Idgntifi cation NumU", fOfN
	00107795
	2t-tt-1957
Date of appointment on thi Board	0l-1 1-1999
Nature of Expertise in specinc function.of	Business man in Agri industry
Terms and conditions of appoint rre.nVre appointment	Non-Executive Director liitrle to retire by rotation
Details of relationship with otfrer Directors, Manager and Key Managerial personnel	Relative of Mr T. Gopichand (CMD) 1nd Mrs. T. pavana Devi (NED)
Names of other Listed Compani"s in which the person holds the Direitorshio
Number of memberships--E- atiU
Stakeholder Committee(s) including this
Details of Shares held in the Com	92,676 \$.74%

3) Brief Profile of M/s Narven Associates - (statutory Auditors): peer reviewed Firm.

A leading Chartered- Accountan.y f Institute of Chartered Accountants of India (ICAI) f,r"irg itr office at Hyderabad.

lllt fi.""tlthree partners and rwenty plus staff are committed to providing with cost effective, high quality, innovativ. *d practical solutions for businesr.rlHuuirrg ^u team with experienced and. energetic partners ^having positive upprou.tr-to-frouiae expert and professional services with due care of profisional ethics.

GIN : L72200TG1994PLC0{8391

8-2-2931821N1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-S00 033, Telangana, lNDlA.

4) Brief Profile of Dr. Braja Bandhu Nayak - Independent Director to be appointed in the ensuing AGM

Particulars
Name of the Director
Director Identification Number
Date of appointment il the Bo*d
Qualification	M.Tech. (Computer Science .rnd
Nature of Expertise in sp-cinc functiorai	Total 35 years in--na@*itr,
Areas	varying'duration of involvement on
	product design, development, -
	manufacturing, Operation and
	Planning, Corporate Govemance and
	Policy Formulation.
Terms and conditions oiappointmen6 appointment	Independent Director not liable to
Details of relationship;ith	retire by rotation
"th*
Directors, Manager and key Managerial
Personnel of the Company
Names of other fistea-tomffisT
which the person holds the Directorshio
Number of memffi
Stakeholder Committee(sf including this
Details of Shares held in the Com

Kindly take the above information on your record.

Yours faithfully, Eor TERA SOFTWARE LIMITED

J" CH. MALLIKARJUNA C-ompany Secretary & Compliance Officer Memb. No. A47545

CIN : L72200TG1994PLC0{8391

TERA SOFTWARE LIMITED

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

$\epsilon$

	(Rupees in lakhs)
PARTICULARS		Quarter Ended		Year Ended
	30.06.2022	31.03.2022	30.06.2021	31.03.2022
1. Income from Operations	Unaudited	Audited	Unaudited	Audited
(a) Net Sales / Income from operations (net of excise duty)
(b) Other operating Income	2,816.74	3,753.94	2,390.03	12,633.00
Total Income from Operations (net)	0.51		72.80	81.25
2. Expenses	2,817.25	3,753.94	2,462.83	12,714.25
Purchases
Changes in inventories of finished goods, work-in-progress and
stock in trade
Technical & Operation expense	41.53
Employee benefit expense	2,218.89 424.94	3,025.11	1,899.97	10,172.59
Depreciation & amortisation expense	6.02	429.66 7.07	317.66	1,442.63
Other Expenses	32.92	67.74	14.18	47.86
Total Expenses	2,724.30	3,529.58	72.25	347.43
3. Profit/(Loss) from operations before other income, finance			2,304.06	12,010.51
costs and Exceptional Items (1-2)	.92.95	224.36	158.77
* The Company has entered an agreement of sale with Vendee N	82.04	77.27	77.41	703.74
5. Profit/(Loss) from ordinary activities before finance costs but				318.47
before Exceptional Items (3+/-4)	174.99	301.63	236.18
6. Finance costs	217.40	243.05	311.48	1,022.21 1,104.52
7. Profit/(Loss) from ordinary activities after finance costs but
before Exceptional Items (5+/-6)	(42.41)	58.58	(75.30)	(82.31)
8. Exceptional Items
9. Profit/(Loss) from ordinary activities before tax $(7+/8)$	$\bar{\nu}$ (42.41)	58.58
10. Tax expense			(75.30)	(82.31)
1) Current Tax		19.68	0.74	51.54
2) Tax Expenses relating to Earlier years
3) Deferred Tax	16.96	20.09	(5.56)	(3.70)
11. Profit/(Loss) from ordinary activities after tax (9+/-10)	(59.37)
12. Extraordinary items (net of tax Rs expense __ Lakhs)	÷,	18.81	(70.48)	(130.15)
13. Net Profit/(Loss) before Other comprehensive income (11+/-
12)	(59.37)	18.81	(70.48)	(130.15)
14. Other Comprehensive Income
Add: (i) Items that will be reclassified to profit or loss		5.40		5.40
Less: (ii) Income Tax relating to items that will be reclassified to
profit or loss		1.36		1.36
13. Net Profit/(Loss) for the period (13 + -14)	(59.37)	22.85	(70.48)	(126.11)
14. Paid up Equity Share Capital (Face Value Rs 10/-)	1,251.19	1,251.19	1,251.19	1,251.19
Reserves (excluding Revaluation Reserve as per the Balance
Sheet of previous accounting year)	9,421.14	9,487.63	9,543.25	9,487.63
Earning Per equity share (for continuing operations):
$(1)$ Basic	(0.47)	0.15	(0.56)	(1.04)
(2) Diluted	(0.47)	0.15	(0.56)	(1.04)
Earning Per equity share (for discontinued & Continuing
operations): $(1)$ Basic
(2) Diluted	(0.47)	0.15	(0.56)	(1.04)
	(0.47)	0.15	(0.56)	(1.04)

STATEMENT OF STANDALONE UN-AUDITED RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2022

CIN: L72200TG1994PLC018391

Regd. Office: #8-2-293/82/A/1107, Road Number 55, Jubilee Hills, Hyderabad, Telangana 500033. Tel: +91-40-2354 7447, E-mail: 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.

SEGMENT WISE REVENUE AND RESULTS

		(Rupees in Lakhs)
	Quarter Ended		Year Ended
PARTICULARS	30.06.2022	31.03.2022	30.06.2021	31.03.2022
	Unaudited	Audited	Unaudited	Audited
1. Segment Revenue
a) Integrated Solutions Division
b) Technical Division	1,411.50	1,386.54	301.50	2,990.21
c) Projects Division	1,405.75	2,367.40	2,161.33	9,724.04
Net sales/Income from operations	2,817.25	3,753.94	2,462.83	12,714.25
2. Segment Results [Profit / (Loss) before Tax and Interest from
each Segment]
a) Integrated Solutions Division	(69.92)	(13.62)	(7.61)	(20.84)
b) Technical Division	155.06	149.83	27.65	314.58
c) Projects Division	126.93	228.99	309.78	1,083.52
Total	212.07	365.20	329.82	1,377.26
Less: i) Interest Expenses	217.40	243.05	311.48	1.104.52
ii) Un-allocable expenditure (Net)	119.12	140.84	171.05	673.52
Add: Interest and Other Income	82.04	77.27	77.41	318.47
Total Profit/(Loss) Before Tax	(42.41)	58.58	(75.30)	(82.31)
Segment Assets
Integrated Solutions Division	553.42	592.67	614.94	592.67
Technical Division	1,375.89	1,338.04	389.94	1,338.04
Projects Division	19,674.23	19,919.43	21,953.98	19,919.43
Unallocable	5,284.08	5,290.63	5,993.74	5,290.63
Total	26,887.62	27,140.77	28,952.60	27,140.77
Segment Liabilities
Integrated Solutions Division	856.47	822.69	883.74	822.69
Technical Division	904.42	989.05	837.91	989.05
Projects Division	6.617.97	6,681.30	9,089.52	6,681.30
Unallocable	18,508.76	18,647.73	18,141.43	18,647.73
Total	26,887.62	27,140.77	28,952.60	27,140.77
(Segment Assets - Liabilities)
Integrated Solutions Division	(303.05)	(230.02)	(268.80)	(230.02)
Technical Division	471.47	348.99	(447.97)	348.99
Projects Division	13,056.26	13,238.13	12,864.46	13,238.13
Unallocable	(13, 224.68)	(13, 357.10)	(12, 147.69)	(13, 357.10)
Total

Notes:

1 The above financial results for the quarter ended 30th June, 2022 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at the meeting held on 12th August 2022

2 This statement is as per regulation 33 of the SEBI (Listing obligationsand disclosure Requirements) Regulations, 2015. These financials results of the Company were prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 ("the act") read with relevant rules issued there under ("Ind AS") and other accounting principles generally acceprted in India and guidelines issued by the Securities and Exchange Boardof India ("SEBI").

• 3 Bank guarantee invoked by "Andhra Pradesh State Fibernet limited" of Rs.4.28 Crores. The said action was challenged by the company before the division bench of Andhra Pradesh High Court, Amaravathi, which is pending. Based on the legal opinion given by the counsel, the company has not made any provision in its books of accounts.
• 4 Corresponding quarter/Year figures have been re-grouped /re-classified wherever necessary to confirm to the classification of the current period.

Place: Hyderabad Date: 12th August 2022

STERN
ERA
TED *

For Tera Software Limited

Gonichand Chairman & Managing Director DIN: 00107886

CIN: L72200TG1994PLC018391

Regd. Office: #8-2-293/82/A/1107, Road Number 55, Jubilee Hills, Hyderabad, Telangana 500033. Tel: +91-40-2354 7447, E-mail: info@terasoftware.in, www.terasoftware.com

MULLAPUDI & Co., CHARTERED ACCOUNTANTS

Flat No 1A, Rama Apartments, Plot No 84, Srinagar Colony, Hyderabad - 500073

Tel: 040-2373 5095, 94920 63246 E-mail: ca.mullapudi@gmail.com

LIMITED REVIEW REPORT

Limited Review Report on Unaudited Quarterly Financial Results Under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

To the Board of Directors of Tera Software Limited

We have reviewed the accompanying statement of unaudited standalone financial results of M/s TERA SOFTWARE LIMITED, for the Quarter ended 30th June 2022 being submitted by the Company pursuant to the requirements of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended) including relevant circulars issued by the SEBI from time to time.

This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financial Information performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Kneibel Barriage

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Hyderabad Date: 12.08.2022

For Mullapudi & Co., Chartered Accountants APUD FRN: 006707S Hyderabad ð Krishna Siyaram Appara R. ed Acco Partner M.no.226476 UDIN: 22226476AOWPUG4865