Covance Softsol: Sambasiva Rao Madala Acquires Shares via Gift

Covance Softsol Ltd has filed a disclosure regarding an acquisition under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Sambasiva Rao Madala acquired shares in the company through a gift from Durga V L K Madala on August 28, 2026. This transaction resulted in Sambasiva Rao Madala's shareholding increasing from 0.80% to 21.69%. The acquisition was made in reliance upon the exemption provided under Regulation 10(1)(a)(i), and the report has been submitted to SEBI within the stipulated 21 working days. The acquisition price per share is Nil as it was a transfer by way of gift. This transaction would have triggered Regulation 3(2) if not filed under Regulation 10(7).