Madala Holdings Limited has informed BSE Limited about its strategic initiative to evaluate the redevelopment of its commercial office property located in Madhapur, Hyderabad. The announcement, made on February 14, 2026, marks a significant step in the company's post-demerger strategic direction.

Leadership and Strategic Direction

The evaluation process is being overseen by Dr. Aravind Kumar Madala, Managing Director, who was appointed with effect from September 1, 2025. Under his leadership, the company is assessing multiple redevelopment concepts aimed at enhancing long-term shareholder value and aligning the asset with evolving commercial infrastructure standards in Hyderabad's IT corridor.

Comprehensive Evaluation Framework

The strategic evaluation encompasses several critical areas to ensure thorough assessment of the redevelopment potential:

Current Project Status

The company has provided clear clarifications regarding the current status of the redevelopment initiative:

• The project is currently at a preliminary evaluation and planning stage
• No definitive agreement, construction contract, or binding development arrangement has been executed
• Any future development will be subject to detailed feasibility outcomes, necessary Board approvals, statutory and regulatory approvals, and other applicable compliances

Strategic Context and Future Outlook

This redevelopment initiative follows the demerger of the company's software division into Covance SoftSol Limited. Post-demerger, Madala Holdings Limited has shifted its strategic focus toward optimized management and potential development of its core infrastructure assets. The company has committed to providing further updates in accordance with applicable provisions of SEBI LODR regulations as the evaluation progresses.

Softsol India Limited, now operating as Madala Holdings Limited, has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company demonstrated strong financial performance across key metrics, reflecting its strategic transformation following the demerger of its IT/ITES business.

Financial Performance Overview

The company's quarterly results show robust growth in both revenue and profitability. Revenue from operations increased to ₹340.20 lakhs in Q3FY26 from ₹323.41 lakhs in Q3FY25, representing steady operational growth. Total income for the quarter, including other income, reached ₹618.27 lakhs compared to ₹404.75 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company maintained its growth trajectory. Revenue from operations stood at ₹1,017.93 lakhs compared to ₹950.66 lakhs in the previous year. Net profit for the nine-month period reached ₹991.64 lakhs, significantly higher than ₹652.18 lakhs recorded in the corresponding period of the previous year.

Expense Management

The company maintained disciplined expense management during the quarter. Total expenses for Q3FY26 were ₹204.94 lakhs compared to ₹188.47 lakhs in Q3FY25. Employee benefits expense stood at ₹21.27 lakhs, while finance costs were ₹8.17 lakhs. Depreciation and amortisation expense was ₹42.11 lakhs, and other expenses totaled ₹133.39 lakhs.

Corporate Transformation

The company has undergone significant structural changes. Following board approval on August 14, 2023, the company successfully demerged its IT/ITES business to its wholly owned subsidiary, Covance Softsol Limited, effective September 26, 2024. The appointed date for the demerger was April 1, 2023, as approved by the NCLT. Additionally, the company changed its name from SoftSol India Limited to Madala Holdings Limited with MCA approval dated February 9, 2026.

Earnings Per Share and Capital Structure

The company reported earnings per share of ₹2.45 for Q3FY26 compared to ₹1.15 in Q3FY25. For the nine-month period, EPS stood at ₹6.72 against ₹4.42 in the previous year. The paid-up equity share capital remained stable at ₹1,517.77 lakhs with a face value of ₹10 per share. The company now operates with a single business segment focused on infrastructure business as per Ind AS 108 Operating Segment standards.

Auditor Review and Board Approval

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 14, 2026. The results were also reviewed by statutory auditors Pavuluri & Co., Chartered Accountants, who issued an unmodified conclusion in respect of their limited review for the quarter and nine months ended December 31, 2025.