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Tera Software Ltd. Interim / Quarterly Report 2025
61455_rns_2025-02-12_dd66da78-448e-4a82-9227-3cb9f1764c58.pdf
Interim / Quarterly Report
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TERA SOFTWARE LIMITED
Regd. Office : # 8-2-2931821 N 1107, Road Number 55, Jubilee Hills, Hyderabad,Telan ga na 500033. Tel: +91-40-23547447 E-mail : [email protected] www.terasoftware.com
Date: 11th February, 2025
| BSE Limited | National Stock Exchange of lndla Limited | |
|---|---|---|
| P.J. Towers, Dalal Street | Exchange Plaza, Bandar Kurla Complex | |
| Mumbai- 400001 | Bandra (E ), Mumbai - 400051 | |
| Scrip:533982 | Symbol: TERASOFT |
Dear Sir/Madam,
sub: Un-Audited Financial Results for the euarter ended 31tt December,2o24.
Ref: Regulation 3Q 33 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2OtS.
This is to inform.you that, the Board of Directors of the Company at their meeting held today i.e. Tuesday, 11th February, 2025 at the Registered Office of the Company situated at plot No.1107, Road No.55, Jubilee Hills, Hyderabad-500033, Telangana, lndia, has approved the Un-Audited Standalone & Consolidated Financial Results for the Quarter ended 31't December, 2024 along with Limited Review Report.
This intimation shall also be considered for lntegrated Filing for the quarter and nine months ended December 3L,2024. The details pursuant to the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024 read with SEBI Circular No. sEBl/HO/CFDICFD-PoDzlClR/P/20241185 dated December 3!,2024, read with BSE circular No. 20250102-4 and NSE Circular No. NSE/CMLl2025lO2 dated January Z,2O2S, are as below:
- A. Financial Results: Attached.
- B. Statement on deviation or variation for proceeds of public issue, rights lssue, preferential issue, qualified institutions placement etc.: Not Applicabte.
C. Format for disclosing outstanding default on loans and debt securities: Not Applicable.
D. Format for disclosure of related.party transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter): Not Applicable (As the disclosure pertains to 3rd quarter).
Wr
TERA SOFTWARE LIMITED
Regd. Office : # 8-2-2931821 N 1107, Road Number 55, Jubilee Hills, Hyderabad,Telangana 500033. Tel : +91-40-23il7M1 E-mail : [email protected] www.terasoftrare.com
E. Statement on impact of audit qualifications (for audit report with Modified opinaon) submitted alongwith annual audited financial resutts (standalone and consolidated separately) (applicable only for annual filing i.e., 4th quarter): Not Applicabte.
Board Meeting commenced at 03:45 p.m. and concluded at 07:00 p.m.
Kindly take the above information on your record.
Yours faithfully, For TERA SOFTWARE L]MITED _.u-CH. MATTIKARJUNA Company Secretary & Compliance Officer Mem. No. A47545
TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391
#8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33.
STATEMENT OF STANDALONE UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED AND NINE MONTHS PERIOD ENDED 31ST DECEMBER 2024
| Rs. In Lakhs | ||||||
|---|---|---|---|---|---|---|
| QUARTER ENDED | Nine Months Period Ended | For the Year Ended |
||||
| PARTICULARS | 31-12-2024 | 30-09-2024 | 31-12-2023 | 31-12-2024 | 31-12-2023 | 31-03-2024 |
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |
| 1. Income from Operations | ||||||
| (a) Net Sales /Income from operations (net of | ||||||
| 2,388.88 | 2,534.13 | 2,073.21 | 7,369.11 | 6,134.68 | 8,448.25 | |
| excise duty) (b) Other operating Income |
38.79 | |||||
| (c) Other Income | 108.12 | 100.86 | 90.22 | 303.37 | 287.03 | 392.88 |
| Total Income from Operations (net) | 2,497.00 | 2,634.99 | 2,163.43 | 7,711.27 | 6,421.71 | 8,841.13 |
| 2. Expenses | ||||||
| Purchases | ||||||
| Changes in inventories of finished goods, work- | 7.56 | |||||
| in-progress and stock in trade | 4.72 | 4.72 | 7.56 3,975.57 |
5,568.69 | ||
| Technical & Operation expense | 1,570.31 | 1,806.18 | 1,418.04 | 5,019.30 | 1,856.68 | |
| Employee benefit expense | 457.41 | 445.50 | 470.15 | 1,354.78 | 1,392.43 211.04 |
285.86 |
| Finance costs | 112.41 | 110.63 | 66.30 | 289.97 | 11.37 | 14.98 |
| Depreciation & amortisation expense | 2.82 | 3.60 | 3.70 | 10.03 | 286.70 | 354.66 |
| Other Expenses | 67.56 | 51.13 | 73.35 | 165.48 | 8,088.43 | |
| Total Expenses | 2,215.23 | 2,417.04 | 2,031.54 | 6,844.28 | 5,884.67 | |
| 3. Profit/(Loss) from ordinary activities but | 866.99 | 537.04 | 752.70 | |||
| before Exceptional Items (1-2) | 281.77 | 217.95 | 131.89 | 35.00 | 139.47 | 139.47 |
| 4.Add: Exceptional Items | 39.26 | |||||
| 4. Less: Exceptional Items | 39.26 | |||||
| 5. Profit/(Loss) from ordinary activities before | 862.73 | 397.57 | 613.23 | |||
| tax (3-4) | 281.77 | 178.69 | 131.89 | |||
| 6. Tax expense | 21.26 | 219.24 | 135.66 | 205.72 | ||
| 1) Current Tax | 68.02 | 48.34 | 6.21 | (31.76) | ||
| 2) Tax Expenses relating to Earlier years | 6.21 | (0.42) | 36.22 | 89.15 | 94.61 | |
| 3) Deferred Tax | 6.60 | 4.67 | ||||
| 7. Profit/(Loss) from ordinary activities after | 213.36 | 125.67 | 111.05 | 613.48 | 172.76 | 344.66 |
| tax (5-6) | ||||||
| 8. Extraordinary items (net of tax Rs expense | ۰ | $\qquad \qquad \blacksquare$ | ٠ | |||
| Lakhs) | ||||||
| 9. Net Profit/(Loss) before Other comprehensive income (7-8) |
213.36 | 125.67 | 111.05 | 613.48 | 172.76 | 344.66 |
| 10. Other Comprehensive Income | ||||||
| Add: (i) Items that will be reclassified to profit | ||||||
| or loss | 9.34 | 9.25 | 11.65 | 66.40 | 61.15 | 93.95 |
| Less: (ii) Income Tax relating to items that will | (15.39) | (23.65) | ||||
| be reclassified to profit or loss | (2.35) | (2.33) | (2.93) | (16.71) | ||
| 11. Net Profit/(Loss) for the period (9-10) | 225.05 | 137.25 | 125.63 | 696.59 | 249.30 | 462.26 |
| 12. Paid up Equity Share Capital (Face Value | 1,251.19 | 1,251.19 | ||||
| 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 | 9,997.91 | |||||
| year) | ||||||
| Earning Per equity share (for continuing | ||||||
| operations): | 1.71 | 1.00 | 0.89 | 4.90 | 1.38 | 2.75 |
| (1) Basic | 1.71 | 1.00 | 0.89 | 4.90 | 1.38 | 2.75 |
| (2) Diluted | ||||||
| Earning Per equity share (for discontinued & | ||||||
| Continuing operations): (1) Basic |
1.71 | 1.00 | 0.89 | 4.90 | 1.38 | 2.75 |
| (2) Diluted | 1.71 | 1.00 | 0.89 | 4.90 | 1.38 | 2.75 |
For TERA SOFTWARE LIMITED
$\alpha$ Chairman and Managing Director
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
| Rs. In Lakns | ||||||
|---|---|---|---|---|---|---|
| QUARTER ENDED | Nine Months Period Ended | For the Year Ended |
||||
| PARTICULARS | 31-12-2023 | 31-12-2024 | 31-12-2023 | 31-03-2024 | ||
| 31-12-2024 | 30-09-2024 | Unaudited | Unaudited | Unaudited | Audited | |
| Unaudited | Unaudited | |||||
| 1. Segment Revenue | ||||||
| a) Integrated Solutions Division | 1,727.01 | 1,532.58 | 4,476.77 | 4,510.58 | 6.016.15 | |
| b) Technical Division | 1,274.34 | 807.12 | 540.64 | 2,931.13 | 1,624.10 | 2,432.10 |
| c) Projects Division | 1,114.55 2,388.89 |
2,534.13 | 2,073.21 | 7,407.90 | 6,134.68 | 8,448.25 |
| Net sales/Income from operations | ||||||
| 2. Segment Results [Profit / (Loss) before Tax | ||||||
| and Interest from each Segment] | ||||||
| a) Integrated Solutions Division | (196.07) | 278.04 | 278.04 | 133.93 | 183.98 | 238.54 |
| b) Technical Division | 628.71 | 30.75 | 215.96 | 1,062.58 | 823.54 | 1,102.32 |
| c) Projects Division | 432.64 | 308.79 | 494.00 | 1,196.51 | 1,007.52 | 1,340.86 |
| Total | 112.41 | 110.64 | 66.30 | 289.97 | 211.04 | 285.86 695.18 |
| Less: i) Interest Expenses | 146.58 | 81.06 | 386.03 | 342.93 | 546.48 | 392.88 |
| ii) Un-allocable expenditure (Net) | 108.12 | 100.86 | 90.22 | 303.37 | 287.04 | 752.70 |
| Add: Interest and Other Income | 281.77 | 217.95 | 131.89 | 866.99 | 537.04 | |
| Total Profit/(Loss) Before Exceptional items | 35.00 | 139.47 | ||||
| Exceptional Item: Add | 39.27 | 39.27 | 139.47 | 613.23 | ||
| Less: Total Profit/(Loss) after Exceptional items |
281.77 | 178.68 | 131.89 | 862.72 | 397.57 | |
| 9.88 | 6.96 | |||||
| Segment Assets | 45.89 | 70.58 | 9.88 | 45.89 | 1,368.05 | |
| Integrated Solutions Division | 1,713.94 | 1,951.37 | 2,732.37 | 1,713.94 | 2,732.37 | 12,501.38 |
| Technical Division | 11,207.19 | 12,841.54 | 10,103.26 | 11,207.19 | 10,103.26 | 5,402.71 |
| Projects Division | 6,035.61 | 4,582.69 | 5,812.66 | 6,035.61 | 5,812.66 | 19,279.10 |
| Unallocable | 19,002.63 | 19,446.18 | 18,658.17 | 19,002.63 | 18,658.17 | |
| Total | 334.40 | |||||
| Segment Liabilities Integrated Solutions Division |
343.43 | 336.07 | 333.37 | 343.43 | 333.37 | 1,178.20 |
| 1,034.74 | 801.57 | 656.55 | 1,034.74 | 656.55 | 1,770.50 | |
| Technical Division | 2,064.38 | 1,731.50 | 2,250.47 | 2,064.38 | 2,250.47 | 15,996.00 |
| Projects Division | 15,560.08 | 16,577.04 | 15,417.78 | 15,560.08 | 15,417.78 | 19,279.10 |
| Unallocable | 19,002.63 | 19,446.18 | 18,658.17 | 19,002.63 | 18,658.17 | |
| Total (Segment Assets - Liabilities) |
(327.44) | |||||
| Integrated Solutions Division | (297.54) | (265.49) | (323.49) | (297.54) | (323.49) | 189.85 |
| 679.20 | 1,149.80 | 2,075.82 | 679.20 | 2,075.82 | 10,730.88 | |
| Technical Division | 9,142.81 | 11,110.04 | 7,852.79 | 9,142.81 | 7,852.79 | (10, 593.29) |
| Projects Division | (9,524.47) | (11, 994.35) | (9,605.12) | (9,524.47) | (9,605.12) | |
| Unallocable | $\mathbf{r}_i$ | |||||
| Total |
1 The above financial results for the Quarter ended and Nine months period ended 31st December,2024 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at their respective meetings held on 11th February, 2025 2 This statement is as per regulation 33 of the SEBI (Listing obligations and disclosure Requirements) Regulations, 2015. These financial 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 Fixed Assets of the company with gross block value of Rs.838.69 Lakhs have been subjected to an Ad-interim attachment by the sessions court, Vijayawada dt: 08-04-2024 on the application by the Govt. of. AP. The court has ordered the company prohibiting the transfer or alienating the listed properties till further orders. The company has filed an Appeal in the District court of Vijayawada.
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: 11-02-2025
For Tera Software Limited
Gopichand Chairman & Managing Director DIN: 00107886
TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391
#8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33. STATEMENT OF CONSOLIDATED UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED AND NINE MONTHS PERIOD ENDED 31ST DECEMBER 2024
| PERIOD ENDED STST DECE | Rs. In Lakhs | |||
|---|---|---|---|---|
| Nine Months | For the Year | |||
| QUARTER ENDED | Period Ended | Ended | ||
| PARTICULARS | 31-12-2024 | 30-09-2024 | 31-12-2024 | 31-03-2024 |
| Unaudited | Unaudited | Unaudited | Audited | |
| 1. Income from Operations (a) Net Sales /Income from operations (net of |
||||
| 2,388.88 | 2,534.13 | 7,369.11 | 8,448.25 | |
| excise duty) (b) Other operating Income |
38.79 | |||
| (c) Other Income | 108.12 | 100.86 | 303.37 | 392.88 |
| Total Income from Operations (net) | 2,497.00 | 2,634.99 | 7,711.27 | 8,841.13 |
| 2. Expenses | ||||
| Purchases | ||||
| Changes in inventories of finished goods, work- | 7.56 | |||
| in-progress and stock in trade | 4.72 | 4.72 | 5,568.69 | |
| Technical & Operation expense | 1,570.31 | 1,806.18 | 5,019.30 | 1,856.68 |
| Employee benefit expense | 457.41 | 445.50 | 1,354.78 | 285.86 |
| Finance costs | 112.41 | 110.63 | 289.97 | 14.98 |
| Depreciation & amortisation expense | 2.82 | 3.60 | 10.03 165.82 |
355.17 |
| Other Expenses | 67.87 | 51.17 | 8,088.94 | |
| Total Expenses | 2,215.54 | 2,417.08 | 6,844.62 | |
| 3. Profit/(Loss) from ordinary activities but | 866.65 | 752.19 | ||
| before Exceptional Items (1-2) | 281.46 | 217.91 | 35.00 | 139.47 |
| 4.Add: Exceptional Items | 39.26 | |||
| 4. Less: Exceptional Items | 39.26 | |||
| 5. Profit/(Loss) from ordinary activities before | 178.65 | 862.39 | 612.72 | |
| tax (3-4) | 281.46 | |||
| 6. Tax expense | 67.94 | 48.34 | 219.16 | 205.72 |
| 1) Current Tax | 6.21 | 6.21 | (31.76) | |
| 2) Tax Expenses relating to Earlier years | 6.60 | 4.67 | 36.22 | 94.61 |
| 3) Deferred Tax | ||||
| 7. Profit/(Loss) from ordinary activities after | 213.13 | 125.63 | 613.22 | 344.15 |
| tax (5-6) $\overline{\mathscr{L}}$ |
||||
| 8. Extraordinary items (net of tax Rs expense | ||||
| Lakhs) | ||||
| 9. Net Profit/(Loss) before Other | 213.13 | 125.63 | 613.22 | 344.15 |
| comprehensive income (7-8) | ||||
| 10. Other Comprehensive Income | ||||
| Add: (i) Items that will be reclassified to profit | 9.34 | 9.25 | 66.40 | 93.95 |
| or loss | ||||
| Less: (ii) Income Tax relating to items that will | (2.35) | (2.33) | (16.71) | (23.65) |
| be reclassified to profit or loss | 224.82 | 137.21 | 696.33 | 461.75 |
| 11. Net Profit/(Loss) for the period (9-10) |
For TERA SOFTWARE LIMITED
Chairman and Managing Director
| 2. 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) | 9,997.42 | |||
| Earning Per equity share (for continuing | ||||
| operations): | ||||
| (1) Basic | 1.70 | 1.00 | 4.90 | 2.75 |
| (2) Diluted | 1.70 | 1.00 | 4.90 | 2.75 |
| Earning Per equity share (for discontinued & | ||||
| Continuing operations): | ||||
| (1) Basic | 1.70 | 1.00 | 4.90 | 2.75 |
| (2) Diluted | 1.70 | 1.00 | 4.90 | 2.75 |
For TERA SOFTWARE LIMITED
Allen and Managing Director
TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391 #8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33. CONSOLIDATED SEGMENT WISE REVENUE AND RESULTS
| Rs. In Lakhs | ||||
|---|---|---|---|---|
| QUARTER ENDED | Nine Months | For the Year | ||
| PARTICULARS | 31-12-2024 | Period Ended | Ended | |
| 30-09-2024 | 31-12-2024 | 31-03-2024 | ||
| 1. Segment Revenue | Unaudited | Unaudited | Unaudited | Audited |
| a) Integrated Solutions Division | ||||
| b) Technical Division | ||||
| c) Projects Division | 1,274.34 1,114.55 |
1,727.01 | 4,476.77 | 6,016.15 |
| Net sales/Income from operations | 807.12 | 2,931.13 | 2,432.10 | |
| 2. Segment Results [Profit / (Loss) before Tax | 2,388.89 | 2,534.13 | 7,407.90 | 8,448.25 |
| and Interest from each Segment] | ||||
| a) Integrated Solutions Division | ||||
| b) Technical Division | ||||
| c) Projects Division | (196.07) 628.71 |
278.04 30.75 |
133.93 | 238.54 |
| Total | 432.64 | 308.79 | 1,062.58 | 1,102.32 |
| Less: i) Interest Expenses | 112.41 | 110.64 | 1,196.51 | 1,340.86 |
| ii) Un-allocable expenditure (Net) | 146.89 | 81.10 | 289.97 | 285.86 |
| Add: Interest and Other Income | 108.12 | 100.86 | 343.27 303.37 |
695.68 |
| Total Profit/(Loss) Before Exceptional items | 281.46 | 217.91 | 866.65 | 392.88 752.20 |
| Exceptional Item: Add | 35.00 | |||
| Less: | 39.27 | 39.27 | 139.47 | |
| Total Profit/(Loss) after Exceptional items | 281.46 | 178.64 | 862.38 | 612.73 |
| Segment Assets | ||||
| Integrated Solutions Division | 45.89 | 70.58 | 45.89 | 6.96 |
| Technical Division | 1,713.94 | 1,951.37 | 1,713.94 | 1,368.05 |
| Projects Division | 11,207.19 | 12,841.54 | 11,207.19 | 12,501.38 |
| Unallocable | 6,036.04 | 4,582.69 | 6,036.04 | 5,402.71 |
| Total | 19,003.06 | 19,446.18 | 19,003.06 | 19,279.10 |
| Segment Liabilities | ||||
| Integrated Solutions Division | 343.43 | 336.07 | 343.43 | 334.40 |
| Technical Division | 1,034.74 | 801.57 | 1,034.74 | 1,178.20 |
| Projects Division | 2,064.38 | 1,731.50 | 2,064.38 | 1,770.50 |
| Unallocable | 15,560.51 | 16,577.04 | 15,560.51 | 15,996.00 |
| Total | 19,003.06 | 19,446.18 | 19,003.06 | 19,279.10 |
| (Segment Assets - Liabilities) | ||||
| Integrated Solutions Division | (297.54) | (265.49) | (297.54) | (327.44) |
| Technical Division | 679.20 | 1,149.80 | 679.20 | 189.85 |
| Projects Division | 9,142.81 | 11,110.04 | 9,142.81 | 10,730.88 |
| Unallocable | (9,524.47) | (11, 994.35) | (9,524.47) | (10, 593.29) |
| Total |
FOI TERA SOFTWARE LIMITED TWARE WITED DERABA
C $\overline{\varphi}$ Allen and Managing Director
$\widetilde{\mathbf{C}}$
Notes:
- 1 The above financial results for the Quarter ended and Nine months period ended 31st December,2O24 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at their respective meetings held on l1th February,202j
- 2 This statement is as perregulation 33 of the SEBI (Listing obligations and disclosure Requirements) Regulations, 2015. These financial results of the Company were prepared in accordance with the lndian Accounting Standards prescribed under section 133 of the Companies Act, 2013 ("the act") read with relevant rules issued there under ("tnd AS") and other accounting principles generally accepted in lndia and guidelines lssued by the Securities and Exchange Boardof lndia ("SEBl")r
- 3 Fixed Assets of the company with gross block value of Rs.838.59 takhs have been subjected to an Ad-interim attachment by the sessions cou4 Vijayawada dt: 08-04-2024 on the application by the Govt. of. AP. The court has ordered the company prohibiting the transfer or alienating the listed properties till further orders.The company has filed an Appeal in the District court of Vijayawada.
- 4 Corresponding quarter/Year figures have been re-grouped /re-classified wherever necessary to confirm to the classification of the current period.
For Tera Sofffiare Limited
T.Vopichand &'J
Chairman & Managing Director DIN :00107886
Place: Hyderabad Date: 11-02-2025
Srinagar Colony, Hyderabad -73. Tel :040-4952 0055 e-mail : [email protected] [email protected]
LIMITED REVIEW REPORT
Limited Review Report on Unaudited Standalone Financial Results for the Quarter & Nine Ifionths Period ended 37st December 2024, of the company pursuantto the Regulation 33 of the SEBI (Listing Oblig ations and Disclosure Requirements) Regulations, 2 0 7 5.
To the Board 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 31't December 2024 and year to date results for the period 01* April 2024 to 31.t December 2024, 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 ('lnd AS 34'), prescribed under Section 133 of the Companies Act,20L3 ['the Act'), read with relevant rules issued there under 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 or of the Entity, issued by the Institute of Chartered Accountants of Inclia. 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 expresi 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 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, ZO15 (as amendedJ including the manner in which it is to be disclosed, or that it contains any material misstatement.
Place: Hyderabad Date:1L/02/2025 for Narven Associates Chartered Accountants
Parfier M.no.025995 UDIN: ASOI
Srinagar Colony, Hyderabad -73. Tel :040-4952 0055 e-mail : [email protected] [email protected]
To The Board of directors, TERA SOFTWARE LIMITED Hyderabad
- l.WehavereviewedtheaccompanyingstatementofunauditedConsolidatedfinancial results of M/s TERA SoFTWARE LIMITED, (,,the Company,,) and its subsidiary (the company and its subsidiary together referred to as ("the Group") for the Quarter and Nine months period ended ;; December 31't, 2024. This statement is the responsibility of the company's Management and has been approved by the Board of Directors.ourresponsibilityistoissueareportonthefinancialstatementsbasedon our review.
- 2.WeconductedourreviewinaccordancewiththeStandardonReviewEngagement (SRE)24l.o,Reviewofinterimfinancialinformationissuedbythelnstituteof CharteredAccountantsof]ndia.Thisstandardrequiresthatweplanandperformthe reviewtoobtainmoderateassuranceastowhetherthefinancialstatementsarefree ofmaterialmisstatement.Areviewislimitedprimarilytoinquiriesofcompany's personnelandanalyticalproceduresappliedtofinancialdataandthusprovidesless assurance than an audit. we have not performed an audit and accordingly, we do not express an audit oPinion'
-
- Based on our review conducted as above, nothing has come to our attention that causesustobelievethattheaccompanyingstatementofunauditedfinancialresults, preparedinaccordancewith.t,,.,..ognitionandmeasurementprincipleslaiddown in lnd AS 34, prescribed under section L33 of the Act' and other accounting 'principles generally accepted in lndia, has not disclosed the information required to bedisclosedintermsofRegulation33oftheSEB|(ListingobligationsandDisclosure . Requir...ntr) Regulationr, zois (as amended) including the manner in which it is to be disclosed, or thit it contains any material misstatement.
WealsoperformedproceduresinaccordancewithcircularissuedbySEBIunder Regulation 33(8) of the sEBl (Listing obligations and Disclosure Requirements) Regulations, 2015, amended to the extent applicable'
4,TheStatementincludestheresultsofthefollowingentities:
| Name of the ComPanY | ||
|---|---|---|
| fS f t,no*tions Private Limited | lndian SubsidiarY |
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited consolidated financial results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid accounting standards 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 including the manner in which it is to be disclosed, or that it contains any material misstatement'
- Our Conclusion is not modified in respect of this matter'
- The consolidated Unaudited Financial results include the lnterim Audited Financials of M/s. TS lnnovations Private Limited, whose financial statements and other financial information have been reviewed by us, whose financial statements reflect total assets of Rs.0.41 lakhs as at 3l-st December, 2024, and Net assets of Rs.0.16 lakhs as at 3lstDecemb er,2OZ4 in the consolidated balance sheet and total revenues of Rs. Nil, total net Loss of Rs.0.84 lakhs for the period ended at 31st December, 2024 are considered in the consolidated financial statements. These financial results/statements and other financial information have been reviewed us. Our opinion, in so far as it relates to the affairs of these subsidiary, is based solely on our review. 7.
For Narven Associates Chartered Accountants Firm Regn. No:0059055
Partner M.No.:025955 UDIN: 2SoLSq1 SB t4 lseeqoS)-
Place: Hyderabad Date: LL|0212025