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Tera Software: AP High Court Disposes Writ Petition on ₹12.05 Cr GST Demand
Tera Software Limited has informed the exchanges that the High Court of Andhra Pradesh has disposed of its writ petition filed against a GST demand order. The demand, totaling approximately ₹12.05 crores, includes tax, interest, and penalties related to alleged Input Tax Credit (ITC) discrepancies and output tax under-declarations between July 2017 and August 2019. While the petition was disposed of without costs, the company is currently awaiting the certified copy of the order to understand the specific implications. Management has stated that they do not expect a material impact on the company's financial or operational activities at this stage.
Key Highlights
High Court of Andhra Pradesh disposed of Writ Petition WP/0006870/2026 without costs.
The underlying GST demand order (DRC-07) amounts to ₹12,04,76,230 including tax, interest, and penalties.
Dispute involves alleged discrepancies in GSTR-3B vs GSTR-1 and excess ITC claims for the period July 2017 to August 2019.
Company is awaiting the formal certified copy of the court order for further legal assessment.
Management claims no material impact on financial or operational activities as of the current disclosure.
💼 Action for Investors
Investors should wait for the company to disclose the specific contents of the certified court order to confirm if the ₹12.05 crore liability has been set aside or redirected. Monitor the stock for any sudden volatility once the final ruling details are made public.
Tera Software Approves Q3 FY26 Results and Appoints New Independent Director
Tera Software's board met on February 10, 2026, to approve the un-audited standalone and consolidated financial results for the quarter ended December 31, 2025. The company announced the appointment of Mr. Veera Brahma Rao Arekapudi, a veteran with over 30 years of experience in banking and finance, as an Additional Independent Director. This move follows the retirement of Mr. Divakar Atluri upon the completion of his tenure. Consequently, the board has reconstituted five key committees, including the Audit and CSR committees, to integrate the new leadership.
Key Highlights
Approved un-audited standalone and consolidated financial results for the quarter ended December 31, 2025.
Appointed Mr. Veera Brahma Rao Arekapudi as an Additional Independent Director effective February 10, 2026.
Mr. Divakar Atluri ceased to be an Independent Director on February 11, 2026, following the completion of his tenure.
Reconstituted five board committees: Audit, CSR, Stakeholders Relationship, Management, and Debtors Review.
Fixed February 20, 2026, as the record date for the Postal Ballot to seek shareholder approval for the new director appointment.
💼 Action for Investors
Investors should review the detailed Q3 financial results to assess the company's operational performance. The addition of a seasoned banking professional to the board is a positive step for corporate governance.
Tera Software Approves Q3 FY26 Results and Appoints New Independent Director
Tera Software's board met on February 10, 2026, to approve the financial results for the quarter ended December 31, 2025. The company announced the appointment of Mr. Veera Brahma Rao Arekapudi, a banking veteran with over 30 years of experience, as an Independent Director. Simultaneously, Mr. Divakar Atluri stepped down following the completion of his tenure. The board also reconstituted several key committees, including the Audit and CSR committees, to reflect these leadership changes.
Key Highlights
Approved un-audited standalone and consolidated financial results for the quarter ended December 31, 2025
Appointed Sri. Veera Brahma Rao Arekapudi as an Additional Independent Director effective February 10, 2026
Noted the cessation of Sri. Divakar Atluri as Independent Director on February 11, 2026, due to tenure completion
Reconstituted five board committees including Audit, CSR, and Debtors Review committees
Fixed February 20, 2026, as the record date for the Postal Ballot to seek shareholder approval for the new director
💼 Action for Investors
Investors should review the detailed Q3 financial results once published to assess the company's growth trajectory. The addition of a banking professional to the board is a positive step for corporate governance.