Covance Softsol Rights Issue dates 8 – 19 September 2025.
Covance Softsol is an IT/ITES company based in Hyderabad, India, incorporated in August 2023 following a demerger from Softsol India. The company specializes in delivering end-to-end digital transformation, business process optimization, and enterprise application services, leveraging technologies such as cloud, artificial intelligence (AI), and machine learning (ML) to serve sectors including government, high-tech, insurance, healthcare, media, and manufacturing.
For the first quarter ending 30 June 2025, Covance Softsol reported a massive 585% YoY surge in standalone revenue to INR 17.40 crore and a 4,884% jump in net profit to INR 8.28 crore, despite operational headwinds following the conclusion of major BSNL contracts. The company currently faces no active business operations but maintains sufficient cash balances to meet liabilities and is exploring new technology product development for future growth.
The company focuses on navigating post-demerger challenges and leveraging expertise in business modernization and data transformation for IT consulting clients.
Promoters of Covance Softsol – Srinivasa Rao Madala and Bhaskar Rao Madala
Table of Contents
Covance Softsol Rights Issue Details
| Covance Softsol Rights Issue Date | 8 – 19 September 2025 |
| Covance Softsol Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 73,81,844 share |
| Issue Size (in INR) | INR 7.38 crore |
| Issue Entitlement | 1 equity share for every 2 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Covance Softsol Rights Issue Record Date | 29 August 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Covance Softsol Rights Issue Calculation
| Covance Softsol Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 36.17 per share |
| Dilution Factor (X) | 1.5 |
| Fair Value After Dilution at Prevailing Price | INR 27.45 per share |
Covance Softsol Financial Performance
| FY 2024 | FY 2025 | |
| Revenue | 61.0 | 102.0 |
| Expenses | 60.0 | 90.0 |
| OPM (%) | 2.0 | 12.0 |
| Net Income | 1.0 | 12.0 |
| ROCE (%) | – | 8.0 |
Covance Softsol Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment of Loan
- Issue Related Expenses
Covance Softsol Rights Offer Documents
- Covance Softsol Rights Issue Application Form
- Covance Softsol Letter of Offer
- Board Meeting Outcome
- Covance Softsol Draft Letter of Offer
- Rights Issue in 2024
Covance Softsol Rights Issue Dates
| Rights Issue Approval Date | 22 August 2025 |
| Rights Issue Record Date | 29 August 2025 |
| Credit of Rights Entitlement | 1 September 2025 |
| Rights Issue Opening Date | 8 September 2025 |
| Last Date for Market Renunciation | 16 September 2025 |
| Rights Issue Closing Date | 19 September 2025 |
| Finalization of Basis of Allotment | 22 September 2025 |
| Rights Allotment Date | 22 September 2025 |
| Credit Date | 23 September 2025 |
| Listing Date | 23 September 2025 |
Covance Softsol Rights Offer Registrar
KFIN TECHNOLOGIES LIMITED
301, The Centrium, 3rd Floor, 57, Lal Bahadur
Shastri Road, Nav Pada, Kurla (West),
Mumbai-400070, Maharashtra, India
Tel: +91 4067162222/18003094001
E-mail: [email protected]
Website: www.kfintech.com
Covance Softsol Contact Details
COVANCE SOFTSOL LIMITED
Plot No. 4, Software Units Layout, Madhapur,
Hyderabad, Shaikpet, Telangana-500081, India
Phone: 040-42568500
Email: [email protected]
Website: www.covance.ai
Covance Softsol Rights Offer FAQs
What is the Covance Softsol Rights Issue Price?
The issue price is INR 10 per share.
What is the Covance Softsol Rights Issue entitlement ratio?
The eligible shareholders are offered 1 equity share for every 2 equity shares held on the record date.
What is the Covance Softsol Rights Issue Record Date?
The Record date is 29 August 2025.
How to Apply in the Covance Softsol Rights Offer?
The best way to apply in the Covance Softsol Rights Offer is through Internet banking ASBA. You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an application form and deposit the same to your broker.