Tera Software Ltd. — Interim / Quarterly Report 2023

Feb 14, 2023

Road Number 55, Jubilee Hills, Hyderabad,Telangana 500033. Tel : +9140-23547447 E-mail : info@terasoftware.in www.terasoftware.com

Date: l4th February, 2023

National Stock Exchange of India Lirnited
Exchange Plaza, Bandar Kurla Complex Bandra (E ), Mumbai - 400051
Symbol: TERASOFT

Dear Sir/Madam,

Sub: Outcome of Board Meeting

This is to inform you that the Board of Directors of the Company at its meeting held today i.e. Tuesday, l4th February,2023 approved the following business items:

• 1. Considered and approved the Un Audited Standalone Financial Results of the Company for the Quarter ended 3l't December,2022 alongwith Limited Review Report.
• 1. Re-constitution of Audit Committee with the inception of prof. Dr. Braja Bandhu Nayak, Independent Director (DIN: 09702361) as a member.

!n terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of the said Results and Limited Review Repoj issued by M/s. Narven Associates, chartered Accountants, is enclosed herewith.

Board Meeting Started at 04:00 p.m. and concluded at 07:40 p.m.

Kindly take the above information on your record.

Yours faithfully, For TERA SOFTWARE LIMITED

-J'.!^ - CH. MALLIKARJUNA Company Secretary & Compliance Officer M9..No. 447545

TERA SOFTWARE LIMITED cIN L72200TG1994PLC018391 #A'2'2%fi21,.11107, PIot No 1107, Road no 55, fubilee Hills, Hyderabad-33'

STATEMENT OF STANDALONE UN.AUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS PERIOD ENDED 31ST DECEMBE& ²⁰²²

/ (Loss) for the period Oefore tax, D(ceptional
Profit / (toss) for the period (before tax after B(ceptional
pront / tLoss) for the period after tax (after Exceptional
Comprehensive income for the period {Gomprising for the period (after Tax) and other
(excluding Revaluation Reserve as shown in
Per Share (ofRs 10/- each)

Note:

1 The above flnancial resutts for the quarter ended 31st December ,zoLzblave been reviewed by the Audit committee and wcre approved by the Board of Directors of the Company at the meetlng held on 14th February, 2OZ3

• z This statement is as per regulation 33 of the sEBt (Llsting obligationsand disclosure Requirements) Regulatlons, 2015' Theie financials results of the Company were prepared in accordance with the lndian Accounting Standards prescribed under section 133 of the Companles Act, 2013 ("the act"l read with relevant rules issued there under (,,lnd AS',) and other accounting prlnciples generally acceprted in lndia and guidelines issued by the Securities and Exchange Boardof lndia {"sEBl"}.
• 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 ofAndhra pradesh High court, Amaravathi, which is pending Based on the legal opinion given by the counsel, the company has not made any provision in lts books ofaccounts'
• 4 The company sold part of its Land measurimg 22634 sq yards situated at Annaram village, Gummadidala Mandal, Sangareddy Distrlc! Telangana, India for an amount ofRs.21,95,50,000/- and the amount has been received during the Quarter'
• S During the quarter, the company has written off outstanding receivables as Bad debts amounting to Rs. 2566.35 lakhs
• 6 During the quarter, the company treatcd the outstanding payables/creditors as credit balances written bacl\$ which are back to back llabilities on the bad debts written off.
• ⁷During the quarter, the company has written off the IT refund receivables, TDS Receivables, for an amount of Rs.276.53 lakhs which were not materialized for long periods and reated/accounted the same as prior period taxes.
• g Corresponding quarter/year figures have been re-grouped /re-classified wherever necessary to confirm to the classilication of the current period'

For Tera Soltware Limited

Place: Hyderabad Date:!4-O2-2O23

T. Gopichand Chairman & Managing Director DIN:001078a6

GOPICHAN D TUMMALA

Digitally signed by GOPICHAND TUMMALA DN: cn=GOPICHAND TUMMALA c=IN o=Personal Reason: I am the author of this document Location: Date: 2023-02-14 19:40+05:30

TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391 #8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33. SEGMENT WISE REVENUE AND RESULTS CRunees in Lakhe's

PARTICULARS	Ouarter Ended			Nine Months Period Ended		Year Ended
	31.12.2022	30.09.2022	31.12.2021	31.12.2022	31.12.2021	31.03.2022
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1. Segment Revenue
a) Integrated Solutions Division
b) Technical Division	1,475.36	1,440.74	1,014.58	4,327.61	1.603.67	2,990.21
c) Projects Division	1,568.10	1,207.75	2,777.23	4,181.58	7,356.64	9,724.04
Net sales/Income from operations	3,043.46	2,648.49	3,791.81	8,509.20	8,960.31	12,714.25
2. Segment Results [Profit / (Loss) before Tax and Interest from
each Segment]
a) Integrated Solutions Division	(119.83)	(23.63)	(1.35)	(213.37)	(7.22)	(20.84)
b) Technical Division	178.91	157.25	98.53	491.22	164.74	314.58
c) Projects Division	1,244.19	110.27	267.33	1,481.38	854.52	1,083.52
Total	1,303.27	243.89	364.51	1,759.23	1,012.04	1,377.26
Less: i) Interest Expenses	162.48	175.77	283.41	555.64	861.47	1,104.52
ii) Un-allocable expenditure (Net)	2,781.64	221.21	119.43	3,121.99	532.65	673.52
Add: Interest and Other Income	2,263.06	84.36	78.69	2,429.47	241.21	318.47
Total Profit/(Loss) Before Tax	622.21	(68.73)	40.36	511.07	(140.87)	(82.31)
Segment Assets
Integrated Solutions Division	421.73	555.50	613.21	421.73	613.21	592.67
Technical Division	1,159.23	1,430.26	968.54	1,159.23	968.54	1,338.04
Projects Division	13,569.40	18,040.90	20.385.23	13,569.40	20,385.23	19,919.43
Unallocable	4,191.99	5,120.15	5,702.03	4,191.99	5,702.03	5,290.62
Total	19,342.35	25,146.81	27,669.01	19,342.35	27,669.01	27,140.77
Segment Liabilities
Integrated Solutions Division	892.47	884.61	806.47	892.47	806.47	822.69
Technical Division	975.17	1,109.35	1,012.86	975.17	1,012.86	989.05
Projects Division	3,816.07	5,777.72	7,200.80	3,816.07	7,200.80	6,681.30
Unallocable	13,658.64	17,375.13	18,648.88	13,658.64	18,648.88	18,647.74
Total	19,342.35	25,146.81	27,669.01	19,342.35	27,669.01	27,140.77
(Segment Assets - Liabilities)
Integrated Solutions Division	(470.74)	(329.11)	(193.26)	(470.74)	(193.26)	(230.02)
Technical Division	184.06	320.91	(44.32)	184.06	(44.32)	348.99
Projects Division	9,753.33	12,263.18	13,184.43	9,753.33	13,184.43	13,238.13
Unallocable	(9,466.65)	(12, 254.98)	(12, 946.85)	(9,466.65)	(12, 946.85)	(13, 357.10)
Total

Notes:

1 The above financial results for the quarter ended 31st December, 2022 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at the meeting held on 14th February, 2023

2 This statement is as per regulation 33 of the SEBI (Listing obligations and 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 accepted 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 The company sold part of its Land measurimg 22634 Sq yards situated at Annaram village, Gummadidala Mandal, Sangareddy District, Telangana, India for an amount of Rs. 21,95,50,000/- and the amount has been received during the Quarter.

5 During the quarter, the company has written off outstanding receivables as Bad debts amounting to Rs. 2566.35 lakhs

6 During the quarter, the company treated the outstanding payables/creditors as credit balances written back, which are back to back liabilities on the bad debts written off.

7 During the quarter, the company has written off the IT refund receivables, TDS Receivables, for an amount of Rs.276.53 lakhs which were not materialized for long periods and treated/accounted the same as prior period taxes.

8 Corresponding quarter/Year figures have been re-grouped /re-classified wherever necessary to confirm to the classification of the current period.

For Tera Software Limited

Place: Hyderabad Date: 14-02-2023

T. Gopichand Chairman & Managing Director
DIN : 00107886 Digitally signed
GOPICHAND
TUMMALA DN: cn=GOPICHAND
TUMMALA c=IN ∍onan
วก:Iam the uthor of this locument Location:
Date: 2023-02-14 $19:41+05:30$

GOPIC

HAND

TUMM

ALA

Srinagar Colony, Hyderabad -73. Tel :040-4952 ⁰⁰⁵⁵ e-mail : ca.narven@)gmail.com ramana (rD canarven. com

L!MITED REVIEW REPORT

Limited Review Report on Unaudited Quarterly Finoncial Results tJnder Regulotion 33 of the SEB| (Listing Obligations ond Disclosure Requirements) Regulations, 2015,

To the Boord of Directors of Tera Sofiware Limited

We have reviewed the accompanying statement of unaudited standalone financial results of M/s. TERA SOFTWARE LIMITED, for the Quarter ended 3l.st December 2022 and year to date results for the period 01 April 2022 to 31't December 2O22, 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 lndian Accounting Standard 34, lnterim Financial reporting ('lnd AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in lndia. 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 lnterim Financial lnformation performed by the lndependent Auditor of the Entity, issued by the lnstitute of Chartered Accountants of lndia. 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,

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 lnd AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in lndia, 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: 14.02.2023

for Narven Associates Chartered Accountants

G.V.Ramana Pa rtner M.no.025995 uorru:f,)of slq5B6sKTr 1?/\ 6