Nature of Disclosure: Regulatory filing to BSE Limited regarding an inter-se transfer of shares within the promoter group of Covance Softsol Limited by way of gift, exempt from open offer requirements under SEBI Takeover Regulations.

Key Transaction Details:

  • Acquirer: Mr. Sambasiva Rao Madala (Member of Promoter Group)
  • Transferor/Seller: Mrs. Durga V L K Madala (Promoter of the Company)
  • Relationship: Acquirer is the father-in-law (father of the spouse) of the transferor, qualifying as 'immediate relatives' as defined in Regulation 2(1) of SEBI SAST Regulations, 2011.
  • Number of Shares Transferred: 46,24,704 equity shares
  • Percentage of Paid-up Capital: 20.88%
  • Transaction Date: August 28, 2026
  • Mode of Acquisition: Off-market transfer by way of gift
  • Acquisition Price: Nil (no consideration)
  • Regulatory Exemption: Reliance on exemption provided under Regulation 10(1)(a)(i) of SEBI SAST Regulations, 2011

Shareholding Changes - Pre and Post Transaction:

Promoter Group Collective Holding (Remained unchanged):

  • Pre-Transaction: 1,58,79,710 shares (71.71% of total share capital)
  • Post-Transaction: 1,58,79,710 shares (71.71% of total share capital)

Individual Holdings:

  • Sambasiva Rao Madala: Increased from 1,77,600 shares (0.80%) to 48,02,304 shares (21.69%)
  • Durga V L K Madala: Decreased from 1,43,36,112 shares (64.74%) to 97,11,408 shares (43.86%)
  • Other promoter group members' holdings remained unchanged:
  • M Bhaskara Rao: 11,26,144 shares (5.09%)
  • M Sridevi: 69,532 shares (0.31%)
  • Aravind Kumar Madala: 1,00,000 shares (0.45%)
  • Madala Holdings Limited: 0 shares (0%)
  • Madala Srinivasa Rao: 45,022 shares (0.20%)
  • Raja Rao Boyapati: 25,300 shares (0.11%)

Regulatory Compliance Timeline:

1. Regulation 10(5) Prior Intimation: Filed with BSE on August 20, 2026 (4 working days before proposed acquisition date of August 27, 2026)

2. Transaction Execution: Completed on August 28, 2026

3. Regulation 10(6) Post-acquisition Report: Filed with BSE on August 31, 2026 (within 4 working days of acquisition)

4. Regulation 29(2) Disclosures: Received from both acquirer and transferor on August 31, 2026

5. Regulation 10(7) Report to SEBI: Submitted on September 9, 2026 along with requisite fees

Fee Payment to SEBI:

  • Amount: ₹1,50,000 + GST @18% = Total ₹1,77,000
  • Transaction Reference: XQZ82LJH7168
  • Payment Date: September 9, 2026
  • Payment Mode: NEFT through Axis Bank
  • Status: Amount debited, processing confirmed

Company Capital Structure:

  • Total Equity Share Capital: ₹22,14,55,330
  • Total Number of Equity Shares: 2,21,45,533
  • Face Value: ₹10 per share

Documentation Submitted:

The filing includes completed formats for:

  • Regulation 10(7) Report to SEBI
  • Regulation 10(5) Prior Intimation to BSE
  • Regulation 10(6) Post-acquisition Report to BSE
  • Regulation 29(2) Disclosures from both parties
  • SEBI (Prohibition of Insider Trading) Regulations disclosures
  • Payment receipt for SEBI fees

Certifications and Declarations:

  • The acquirer declared compliance with all conditions specified under Regulation 10(1)(a)(i)
  • Both parties confirmed compliance with Chapter V disclosure requirements of Takeover Regulations
  • The transaction qualified for exemption from open offer requirements under Regulation 3(2)