Tera Software Ltd. — Major Shareholding Notification 2022

Jun 22, 2022

TERA SOFTWARE LIMITED

8-2-2g3t82tN1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-S0O 033, Telangana, INDIA.

Date: 20th June,2022

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

Mumbai - 400 ⁰⁰¹

Listing Department,

BSE Limited

Dept. of Corporate Services

P.J. Towers, Dalal Street,

Scrip Code: 533982 Symbol: TERASOFT

Sub: Disclosure of Inter-se Transfer of Shares between the Promoters (Closed relatives) in accordance with Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Respected S irllVladam,

Pursuant to the Regulation 30 read with Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Regulation 3 of SEBI (Prohibition of Insider Trading) Regulations,2015, We would like to inform you that the company has received an information from the following persons that they are in the process of inter-se transfer of shares amongst themselves through Gift Deed as follows:

S.No.	Name of the	Proposed Shares	Percentage	Name of the
	Transferor	to be transfened		Transferee/Acquirer
	Tummala Raiasekhar	5.00.000	4.00	Tummala Madhumitra
2	Tummala Raiasekhar	8.24.617	6.s9	Tummala Gopichand

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 shareholding pattern of the target company as filed by the Target Company with the stock exchanges for ^a period not less than 3 years prior to the proposed acquisition. The above acquisition ofshares or voting rights of the target company by the acquirer along with the PAC from the promoters of the target company is exempted from giving public announcement pursuant to exemption provided under Regulation l0(1)(a) and there will be no change in the total Shareholding of the Promoters Group after above inter-se transfer of Shares of TC.

In this connection necessary disclosure under Regulation 10(5) for the above said acquisition in prescribed forrirat, as submitted by the Acquirer is enclosed herewith for your kind information and records.

Thanking you,

Yours faithfully, FoT TERA SOFTWARE LIMITED

*I.\t2-

GIN : L72200TG1994PLC01 8391

To

Date: lTth June,2022

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

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

Scrip Code: 533982

Symbol: TERASOFT

Company Secretary Tera Software Limited Plot No.1107, 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, 2011 the under signed being Part of the Promoter and Promoter Group of the Company, disclosing the Prior Intimation in the specified format in respect of proposed inter-se transfer of 13,24,617 shares (1059%) of Tera Software Limited being the 'iarget Company ("TC") in the following manner:

S.No.	Name of the Transferor	Proposed Shares to be Trans ferred/A.e,eui+e#	Percentage
I	Tummala Raiasekhar	13.24.617	10.59

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 shareholding pattern of the target company as filed by the Target Company with the stock exchanges for ^a period not less than 3 years prior to the proposed acquisition. The above acquisition of ihares or voting rights of the target company by the acquirer along with the PAC from the promoters of the target company is exempted from giving public announcement pursuant tb exemption provided under Regulation 10(lXa) 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.

?ours truly,

TUMMALA GOPICHAND Promoter & Acquirer

TUMMALA MADHU MITRA Promoter & Acquirer

flisclosntes under Reoulation l0 (5) - intimatio, to Stock Frchanges i, resnect of acouisifion undet Regulation I 0 {l ) (a) (i) of ST'.RI (Suhstantial Acouisition of Shares and Takeovers't BegUlaliO6 2011

I		Name of the Target Company (TC)	Tera Software Limited
2.		Name(s) of the acquirer (s)	l) Tummala Gopichand 2) Tummala Madhumitra
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 - Promoters
4.		Details of the proposed acquisition
	a.	Name of the person(s) from whom shares are to be acquired	Tummala Rajasekhar
	b	Proposed date of acquisition	After 4 days from this date of intimation
	c	Number of Shares to be acquired from each person mentioned in 4(a) above	13,24,617 shares from Tummala Rajasekhar
	d	Total Shares to be acquired as % of share capital of TC	10.59o/o
	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 relatives) of the Company through Gift Deed
5.	Relevant sub-clause of regulation l0(l)(a) under which the acquirer is exempted from making open offer		Regulation lO(l)(a) (i) and (ii) of SEBI (SAST) Regulations, 201 I
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-frequently traded, the price as determined in terms of clause (e ) of sub regulation (2) of regulation 8.	Not applicable

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8.		Declaration by the acquirer, that the Not applicable acquisition price would not be higher by more than 25o/o of the price computed in point 6 or point 7 as applicable.
9.	Declaration by the acquirer, that the transferor and transferee have complied/will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 201I (corresponding provisions of the repealed Takeover Regulations I 997)		Yes, the transferor and transferees have complied with the applicable disclosure requirements in Chapter V of the Takeover Regulations,20l I
10.		Declaration by the acquirer that all the conditions specified under regulation l0(1)(a) with respect to exemptions has been duly complied with.	We, hereby declare that all the conditions specified under regulation l0 (l) (a) with respect to exemption has been complied with.
ll	Shareholding details		Sefore the proposed ransaction		A,fter the proposed ransaction
			rlo. of ihares/ roting rights	%ow.r.t. otal share ;apital of TC	\$o. of rhares/ roting 'ights	%ow.t.t. :otal share :apital of TC
	a	Acquirer(s) and PACs (other than sellers) (*)
		l. Tummala Gopichand - Acquirer	11,96,554	9.56.	20,21,171	16.15
		PACs: 2. Tummala Madhu Mitra - Acquirer	8,41,309	6.72	13,41,308	10.72
		3. Tummala Pavana Devi	5,74,760	4.59	5,74,760	4.59
		4. N. Sri Durga	2,26,537	l.8l	'2,26,537	l.8l
		5. T. Seetharamamma	1,36,975	1.09	1,36,875	1.09
		6. Tummala Bapaiah Choudary	92,676	0.74	92,676	0.74
		7. Tummala Tulasi Rani	54,000	0.43	54,000	0.43
	b	Seller (s)
		8. Tumniala Raiasekhar	28,24.617	22.58	15.00.000	11.99
		Total	59,47,327	47.53	59,47327	47.53

Place: Hyderabad Date:17e Jtne,2022

1) Signature of the.Acquirer & Promoter: Name: Tummala Gopichand

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2) Signature of the Aequirer & Promoter: Name: Tummala Madhumitra