Covance Softsol to Determine Rights Issue Terms in Upcoming Committee Meeting Aug 18, 2025
More news about Covance Softsol
15Aug 25
Covance Softsol Reports 585% Surge in Standalone Revenue Amid Business Transition
Covance Softsol, a newly demerged IT/ITES company, reported a 585% increase in standalone revenue to ₹1,740.13 lakhs for Q1 ending June 30, 2025. Net profit after tax rose by 4,884% to ₹828.27 lakhs. Consolidated revenue grew 43% to ₹3,327.77 lakhs, but consolidated net profit declined 18% to ₹777.82 lakhs. The company faces operational challenges with no active business operations after BSNL contracts concluded. A legal dispute with M/s Mudunuru Limited involves a claim of ₹12.05 crores, which management disputes. Covance Softsol is exploring new technological product development for future growth.
11Aug 25
Covance Softsol to Review Q1 Results and Consider Rights Issue in Upcoming Board Meeting
Covance Softsol Limited has scheduled a board meeting for August 14, 2025, in Hyderabad. The agenda includes reviewing Q1 FY2026 unaudited financial results and considering a proposal for a rights issue of equity shares. The meeting will also address other business items as permitted by the Chair. This announcement is in compliance with SEBI regulations.
26Jul 25
Covance Softsol Shareholders Approve Authorized Share Capital Increase to Rs. 27 Crores
Covance Softsol Limited received shareholder approval to raise its authorized share capital from Rs. 15.00 crores to Rs. 27.00 crores during its 2nd Annual General Meeting. The new capital structure comprises 2.70 crore equity shares with a face value of Rs. 10.00 each. The company's Memorandum of Association was amended to reflect this change. Other resolutions passed include the adoption of financial statements, reappointment of Mr. Srinivasa Rao Madala as Director, and appointment of M/s B S S & Associates as Secretarial Auditors for a five-year term.