Covance Softsol Ltd Right Issue

₹7.38 Cr BSE 8 Sep 2025 – 19 Sep 2025

Closed Ratio: 1 : 2 BSE
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Issue Price
₹10.00
Face Value
₹10.00
Issue Size (Shares)
7,381,844
Issue Size (₹ Cr.)
₹7.38
📅 Right Issue Timetable
Last Date to Buy SharesThu, Aug 28, 2025
Record DateFri, Aug 29, 2025
Credit of Rights EntitlementsMon, Sep 1, 2025
Bid/Offer Opens OnMon, Sep 8, 2025
Issue Open DateMon, Sep 8, 2025
Renunciation Last DateTue, Sep 16, 2025
Bid/Offer Closes OnFri, Sep 19, 2025
Issue Close DateFri, Sep 19, 2025
Deemed Date of AllotmentMon, Sep 22, 2025
Credit DateTue, Sep 23, 2025
Listing DateTue, Sep 23, 2025
📋 Right Issue Details
Issue Size (Shares)7,381,844
Issue Size (Amount)₹7.38 Cr.
Issue Price₹10.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 2
Listing AtBSE
Terms of PaymentThe entire issue price of Rs 10 is payable on the application.
📊 Company Financials (Restated)
Period Ended2025-03-312024-03-31FY I
Income101.7061.17
EBITDA
Net Worth91.2373.46
Reserves & Surplus76.4658.69

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment of Loan
2General Corporate Purposes.
🏢 About the Company
SoftSol, founded in 1993, is an IT services company based in Silicon Valley, California. The company focuses on helping businesses and government organizations improve efficiency, reduce costs, and stay innovative by using modern technologies.

Over the years, SoftSol has been part of important IT transformations, working with technologies such as web applications, service-oriented architecture (SOA), digital transformation, cloud computing, big data, and artificial intelligence/machine learning. By combining business strategy with new technology, the company has supported well-known clients, including the U.S. Department of Defense, California Department of Justice, Cisco, Genentech, CalPERS, the Superior Court of California (County of Alameda), and HBO.

SoftSol follows software development best practices and relies on strong processes, experienced partnerships, and advanced facilities to deliver high-quality IT solutions. It has earned certifications such as CMMI Level 3, ISO 9001, and ISO 27001. Additionally, the company is recognized as a Microsoft Gold Certified Partner and an AWS Partner, reflecting its expertise in leading cloud platforms.
📞 Company Contact
CompanyCovance Softsol Ltd
AddressPlot No. 4, Software Units Layout
Madhapur
Shaikpet
Hyderabad, 500081
Phone04042568500
Emailcs@covance.ai
WebsiteVisit ↗
📝 Registrar
NameKfin Technologies Ltd.
Phone040-79615565
Emailcovancesoftsol.rights@kfintech.com
WebsiteVisit ↗