Promoter gifts 0.8 percent stake to family member; holding now 43.85 percent
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On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 2.1 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Durga V L K Madala transferred 1,77,600 equity shares (about 0.8 percent) of Covance Softsol to her immediate relative as a gift on August 28, 2026. After the transfer, her holding stands at 97,11,408 shares, or 43.85 percent of paid-up capital. The transfer is within the promoter group, so total promoter holding remains unchanged.
Internal promoter reshuffle; no change in overall promoter group stake. Promoter holding below 50 percent threshold stays.