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.

Covance Softsol Limited , a prominent player in the IT sector, has reported robust financial results for the quarter and half-year ended September 30, 2025, alongside significant board changes.

Financial Highlights

The company's standalone and consolidated financial results for Q2 FY2026 showcase substantial growth:

Key Financial Insights

• Standalone revenue increased from ₹14.94 crore in the previous quarter to ₹20.05 crore in Q2.
• Consolidated revenue rose from ₹19.59 crore to ₹25.30 crore quarter-on-quarter.
• Net profit after tax on a standalone basis saw a remarkable jump from ₹1.38 crore to ₹15.67 crore.
• Consolidated net profit grew from ₹10.09 crore to ₹15.01 crore.

Board and Committee Changes

The company's board meeting on October 25, 2025, resulted in several key decisions:

1. Rights Issue Committee Dissolution: The committee formed on August 14, 2025, has been dissolved effective October 25, 2025.
2. Director Resignation: Mr. Bhaskar Rao Madala has resigned from his position as Director, effective October 25, 2025 (closing business hours).

Financial Position

As of September 30, 2025:

• Total assets stood at ₹25,295.12 lakh on a consolidated basis.
• The company's equity share capital increased to ₹2,214.55 lakh from ₹1,476.37 lakh as of March 31, 2025.

Recent Corporate Actions

• Covance Softsol completed a rights issue, allotting 7,38,18,040 fully paid-up Equity Shares of face value ₹10 each at ₹10 per Equity Share, aggregating to ₹73,81,80,400.
• This rights issue resulted in an increase in equity share capital by ₹73.82 crore.

Conclusion

Covance Softsol's Q2 FY2026 results demonstrate strong growth in both revenue and profitability. The company's strategic moves, including the rights issue and board changes, indicate a dynamic phase of development. Investors and market watchers may want to closely monitor the company's performance in the coming quarters to assess the impact of these developments.