Tera Software Board Approves Un-Audited Results, CFO Appointment, Preferential Issue

Tera Software Ltd announced the outcome of its Board of Directors meeting held on November 11, 2026. The board approved the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Additionally, the company approved the appointment of Mr. G. Venkatanarayana as the new Chief Financial Officer (CFO) effective December 4, 2026. A proposal for a preferential issue of convertible warrants to the promoter group was also approved, subject to shareholder approval. The board also approved a change in the company's name and an alteration to the Memorandum of Association (MOA) to align with new business directions, both pending member approval. An Extra-Ordinary General Meeting (EGM) will be convened to seek shareholder approval for these proposals.