Covance Softsol Share Price Today

Covance Softsol Q2FY27 net profit falls 11% YoY to ₹686.65 lakh

Consolidated net profit fell 10.6% YoY to ₹686.65 lakh in Q2FY27. Consolidated revenue from operations declined 15.3% YoY to ₹2,809.66 lakh. Standalone revenue dropped 36.3% YoY to ₹1,096.50 lakh. Other income rose significantly to ₹704.82 lakh from ₹268.99 lakh YoY. Cash and cash equivalents decreased to ₹379.02 lakh from ₹955.57 lakh since March 31, 2026.

Covance Softsol passes all resolutions at 3rd AGM on Sep 30, 2026

Covance Softsol Limited passed all resolutions at its 3rd AGM held on September 30, 2026, via Video Conferencing. Resolution 1 adopted audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Resolution 2 approved re-appointment of Srinivasa Rao Madala (DIN: 01180342) as Director. Total votes polled stood at 51,38,449 out of 2,21,45,533 shares, representing 23.2031% of outstanding shares. 51,38,448 votes were cast in favour of each resolution, with only 1 vote against.

Covance Softsol promoter acquires 46.25 lakh shares via gift transfer

Sambasiva Rao Madala acquired 46,24,704 equity shares of Covance Softsol via gift from Durga V L K Madala on August 28, 2026, representing 20.88% of paid-up share capital. His individual stake rose from 1,77,600 shares (0.80%) to 48,02,304 shares (21.69%) post-transfer. Durga V L K Madala's holding declined from 1,43,36,112 shares (64.74%) to 97,11,408 shares (43.86%). The aggregate promoter group holding remained unchanged at 1,58,79,710 shares (71.71%) before and after the transaction. The transfer was executed at nil consideration under the inter-se gift exemption per Regulation 10(1)(a)(i) of the SEBI SAST Regulations, 2011.

Covance Softsol promoter group member acquires 20.88% stake via gift

Sambasiva Rao Madala acquired 46,24,704 shares (20.88%) via gift from Durga V L K Madala on August 31, 2026. Transaction relied on SEBI SAST Regulation 10(1)(A)(i) exemption for immediate relatives. Mr. Madala's stake rose to 21.69%, while Mrs. Madala's fell to 43.86%. Total promoter group holding remained constant at 71.71%.

Covance Softsol promoter Sambasiva Rao Madala to acquire 20.88% stake via gift

Sambasiva Rao Madala proposes to acquire 46,24,704 shares (20.88%) of Covance Softsol Limited from Durga V L K Madala via gift. The deal, exempt under SEBI SAST Regulation 10(1)(a)(i), is set for August 27, 2026. Post-transaction, Madala's stake rises to 21.69%, while the total promoter holding remains unchanged at 71.71%.

Covance Softsol Q1 Results: Net profit up 15% YoY to ₹1.32 crore

Covance Softsol reported Q1FY26 standalone revenue of ₹48.44 crore, up 10% YoY, with net profit rising 15% to ₹1.32 crore. Consolidated revenue reached ₹70.00 crore. The board approved the results on August 14, 2026.