Summary of proceedings of 02nd Annual General Meeting/ Outcome held on 26th July, 2025
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Awaiting price reaction for this filing.
Covance Softsol Limited held its 2nd Annual General Meeting on 26th July 2025 at its registered office in Hyderabad, from 11:00 a.m. to 11:55 a.m. Chairman Shri. Srinivasa Rao Madala was absent, and Director Shri. Bhaskar Rao Madala presided over the meeting in his place. All 4 Independent Directors (including one woman director), the Company Secretary, CFO, Statutory Auditors, and Secretarial Auditor attended the meeting. Shareholders transacted four resolutions: adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025; re-appointment of Mr. Srinivasa Rao Madala (who retires by rotation); appointment of the Secretarial Auditor for FY 2025-26 to 2029-30; and an increase in the Authorised Share Capital along with a corresponding amendment to the Memorandum of Association. Remote e-voting was conducted from 23rd to 25th July 2025, with M/s. B S S & Associates acting as Scrutinizer. Voting results were to be declared within two working days.
Routine procedural filing — no immediate material impact on shareholders. Investors should watch for the voting results, especially on the Authorised Share Capital increase, which could lead to future equity dilution if new shares are subsequently issued.