Covance Softsol Limited has successfully completed the independent auditor's review of its interim financial results for the quarter and nine months ended December 31, 2025. The review was conducted by Pavuluri & Co., Chartered Accountants, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Clean Review Opinion for Standalone Results

The auditors issued an unqualified review report for the company's standalone financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410, issued by the Institute of Chartered Accountants of India (ICAI). The financial statements were prepared following Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34) and other accounting principles generally accepted in India.

The auditors confirmed that nothing came to their attention that would suggest the financial statements contain any material misstatements or fail to comply with the required disclosure norms under SEBI regulations.

Consolidated Results Include US Subsidiary Performance

For the consolidated financial results, the review encompassed Covance Softsol Limited and its subsidiaries. The consolidated statements include the performance of the company's wholly owned US subsidiary, Softsol Resources Inc, which made substantial contributions to the group's overall results.

Review Methodology and Compliance

The audit firm conducted the review using established procedures that included making inquiries with company personnel responsible for financial and accounting matters, applying analytical and other review procedures as per SRE 2410 standards, and performing additional procedures in accordance with SEBI circular under Regulation 33(8).

The auditors noted that while they did not directly review the interim financial information of Softsol Resources Inc, they relied on the management-reviewed and certified results provided by the company's management team. The review methodology was substantially less in scope than a full audit but provided adequate assurance for interim financial reporting purposes.

Regulatory Compliance and Report Completion

The review report confirms that the financial statements have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards. The statements adequately disclose all information required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the prescribed manner of disclosure.

The review was completed with the firm maintaining its professional standards and regulatory compliance throughout the process, providing stakeholders with confidence in the company's financial reporting accuracy.

Covance Softsol Limited , a software company based in Hyderabad, has successfully appointed Mr. Aravind Kumar Madala (DIN: 06994824) as a Director through a postal ballot process. The shareholders of the company approved the appointment with the requisite majority, marking a significant corporate action for the firm.

Key Details of the Appointment

Voting Process and Compliance

The appointment was conducted through a meticulous voting process, adhering to regulatory requirements:

• The postal ballot notice was issued on October 13, 2025
• Shareholders on the record date of October 10, 2025, were eligible to vote
• E-voting was open from October 17, 2025, to November 15, 2025
• The e-voting portal was provided by KFin Technologies Limited

Legal Framework

The appointment aligns with several regulatory provisions:

• Sections 152 and 161 of the Companies Act, 2013
• Regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• The Company's Articles of Association

Corporate Governance

Prior to the shareholder vote, the appointment received recommendations from:

• Nomination and Remuneration Committee
• Audit Committee
• Board of Directors

This multi-tiered approval process underscores the company's commitment to robust corporate governance practices.

Implications

The appointment of Mr. Madala as a Director, subject to retirement by rotation, suggests that Covance Softsol Limited is strengthening its leadership team. This move may be part of the company's strategy to enhance its board expertise and guide future growth initiatives.

Shareholders and market observers will likely watch closely to see how Mr. Madala's expertise contributes to the company's direction and performance in the coming months.