Newspaper Advertisement regarding the proposed Rights Issue of the fully paid-up Equity Shares of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Covance Softsol Limited has announced a Rights Issue of up to 73,81,844 fully paid-up equity shares of Rs. 10 face value at an issue price of Rs. 10 per share, aggregating up to Rs. 7.38 crores. The ratio is 1 Rights Equity Share for every 2 fully paid-up shares held by eligible shareholders as on the record date of August 29, 2025. The issue opens on September 8, 2025 and closes on September 19, 2025, with the last date for on-market renunciations being September 16, 2025. This filing is specifically about the newspaper advertisement published on September 2, 2025 in Business Standard (English and Hindi) and Telugu Prabha, in continuation of earlier intimations dated August 14 and August 22, 2025. Promoters are Srinivasa Rao Madala, Bhaskar Rao Madala, and Durga Vilk Madala, and KFin Technologies is the registrar to the issue.
Eligible shareholders as on the August 29, 2025 record date can subscribe to additional shares in a 1:2 ratio at Rs. 10 per share (issued at par, no premium). Shareholders who do not wish to subscribe can renounce their rights entitlements on or before September 16, 2025. The rights entitlement does not auto-allot shares — shareholders must apply through the ASBA process and block funds before the September 19, 2025 closing date, or the rights will lapse.