Tera Software Ltd. — Major Shareholding Notification 2021

Mar 12, 2021

Date: 5th March,2D2l

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

Scrip Code: 533982

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla complex, Bandra (E), Mumbai - 400 ⁰⁵¹

Symbol: TERASOFT

Company Secretary Tera Software Limited Plot No.l 107, Road No.55 Jubilee Hills-500033 Hyderabad.

Sub: Prior Intimation under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 201 I for proposed acquisition of shares.

Dear Sir,

As due compliance of Regulation l0(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 201I the under signed being Part of the Promoter and promoter Group of the Company, disclosing the Prior Intimation in the specified fon.nat in respect of proposed inter-se transfer of 18,00,000 shares (14.38%) of Tera Software Limited being the iarget Co.mpany (*TC") in the following manner:

S.No.	Name of the Transferor	Proposed Shares to be	Percentage
		Transferred/Acquired
	Tummala Gopichand (H UF)	5,03,719	4.03
2	Tummala Gopichand	6,96,282	5.56
a J	Tummala Pavana Devi	6,00,000	4.80

The above inter se transfers takes place between relatives as defined under Regulation 2(lxl) by way of "Gift Deed" and also between the persons named as promoters in the sharehdding pattern of the target company as filed by the Target Company with the stock exchanges for i period not less tlan 3 years prior to the proposed acquisition. The above acquisition of ihares or voting rights of ihe target company by ihe-acquirer along with the PAC from the promoters of the target company is exempted from giving public announcement pursuant to exemption provided under Regulation 10(1)(a) and there will be no change in the total Shareholding of tn. Promoters Group after above inter-se transfer of Shares of TC.

Thanking You.

Yours truly,

MW

TUMMALA RAJASEKHAR

l[clospr,ts undqf,Regulation l0 (5) - intimation to Stock F*chanses in resnec( of acquisition under t

I		Name of the Target Company (TC)	Tera Software Limited
2.		Name(s) of the acquirer (s)	Tummala Rajasekhar
J.		Whether the acquirer (s) is/are Promoters of the TC prior to the transaction. If not, nature of relationship or association with the TC or its promoters	Yes - Promoter
4.		Details of the proposed acquisition
	a	Name of the person(s) from whom shares are to be acquired	l) Tummala Gopichand (HUF) 2) Tummala Gopichand and 3) Tummala Pavana Devi
	b	Proposed date of acquisition	After 4 days from this date of intimation
	c.	Number of Shares to be acquired form each person mentioned in 4(a) above	l) 5,03,718 shares from Tummala Gopichand (HUF) 2) 6,96,282 shares from Tummala Gopichand 3) 6,00,000 shares from Tummala Pavana Devi
	d	Total Shares to be acquired asYo of share capital of TC	1439%
	e	Price at which shares are proposed to be acquired	Not applicable
	f.	Rationale, if any, for the proposed transfer	Inter-se transfers between Promoters (closed elatives) of the Company through Gift Deed
5.	Relevant sub-clause of regulation 10(1)(a) under which.the acquirer is exempted from making open offer		Regulation l0(l)(a) (i) and (ii) of SEBI (SASTI Regulations ,2011
6.	.If, frequently traded, volume weighted average market price for a period of 60 trading days preceding the date of issuance of this notice as traded on the stock exchange where the maximum volume of trading in the shares of the TC are recorded during such period.		Not applicable

7.		If in-freq-uently traded, the price as determined in terms of clause (e ) of sub regulation (2) of regulation 8.	Not applicable
8.		Declaration by the acquirer, that the acquisition price would not be higher by more than 25%o of the price computed in point 6 or point 7 as applicable.	Not applicable
9.		Declaration by the acquirer, that the transferor and transferee have complied/will comply with applicable disclosure reqrlirements in Chapter V of the Takeover Regulations, 2011 (corresponding provisions of the repealed Takeover Regulations 1997)	Yes, the transferor and transferee have ;omplied with the applicable disclosure :equirements in Chapter V of the Takeover Regulations ,20I1
10.		Declaration by the acquirer that all the conditions specifi ed under regulation 10(l)(a) with respect to exemptions has been duly complied with.	I, hereby declare that all the conditions ;pecified under regulation l0 (l) (a) with 'espect to exemption has been complied with.
l1	lhareholding details		Before the proposed ransaction		A.fter the proposed ransaction
			No. of shares/ iroting rights	%ow.r.t. otal share :apital of IC	No. of shares/ voting :ights	%ow.t.t. ;otal share :apital of IC
	a	Acquirer(s) and PACs (other than sellers) (*)
		l. Tummala Rajasekhar - Acquirer	102461't	8.1	282461"	22.s{
		PACs: 2. Tummala Madhu Mitra	84130r	6.7i	84130t	6.72
		3. N. Sri Durga	22653"	t.8l	226s3i	l.8l
		4. T. Seetharamamma	13687:	1.09	t3687j.	l.0J
		5. Tummala Bapaiah Choudary	9267(	0.74	9267(	0.7t
		6. Tummala Tulasi Rani	5500(	0.4t	5500(	0.4t
	b	Seller (s)
		7. Tummala Gopichand (HUF)	5037tt	4.0	(	0.0(
		8. Tummala Gopichand	189283(	r5.l	1196554	9.51
		9. Tummala Pavana Devi	117476(	9.39	57476C	4.59

*-l*> .-t'U

Place: Sanjose, California Date: 05th March,Z}2l

Signature of the Acquirer & Promoter Name: Tummala Rajasekhar