Latest news about Covance Softsol
Covance Softsol
163.95
+3.65(+2.28%)
Company Performance:
View Company Insights1D+2.28%
1M-4.29%
6M+77.70%
1Y+1,471.91%
5Y+10,020.37%
More news about Covance Softsol
18Aug 25
Covance Softsol to Determine Rights Issue Terms in Upcoming Committee Meeting
Covance Softsol Limited has announced a Rights Issue Committee meeting on August 21, 2025, to finalize terms of its upcoming rights issue. The committee will determine the issue price and entitlement ratio for fully paid-up equity shares with a face value of Rs. 10.00 each. The rights issue was initially approved by the board on August 14, 2025. The trading window for company securities will remain closed until 48 hours after the meeting concludes, in compliance with SEBI regulations.
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.
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