California software Company Limited has submitted its annual regulatory disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended March 31, 2026. The disclosure was filed with both BSE and NSE on March 26, 2026, maintaining the company's compliance with mandatory regulatory requirements.

Promoter Declaration Details

Mr. Mahalingam Vasudevan, the company's promoter and Managing Director (DIN: 01608150), has provided a formal declaration under Regulation 31(4) of SEBI SAST Regulations. The declaration confirms that no encumbrance on shares of California Software Company Limited was made directly or indirectly during the financial year ending March 31, 2026, other than those already disclosed to the stock exchanges.

Regulatory Compliance Framework

The disclosure forms part of the mandatory compliance requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Regulation 31(4) requires promoters to declare any encumbrances on their shareholdings annually, ensuring transparency in share ownership and potential restrictions on trading.

Company Information

California Software Company Limited operates with CIN L72300TN1992PLC022135 and maintains its registered office at Workflo, Greeta Towers, Industrial Estate, Perungudi, OMR Phase 1, Chennai 600096. The company secretary and compliance officer, Krishnamoorthy Venkatesan, coordinated the filing of this regulatory disclosure with both stock exchanges.

Stock Exchange Filings

The declaration was simultaneously submitted to both major Indian stock exchanges where the company is listed. BSE has assigned security code 532386 to California Software Company Limited, while NSE trades the company under the symbol CALSOFT. This dual filing ensures comprehensive regulatory compliance across both trading platforms.

California Software Company Limited's Board of Directors has approved a significant extension for shareholders to complete payment of the First and Final Call on partly paid-up equity shares. The decision, taken at a board meeting held on March 02, 2026, provides relief to shareholders who had requested additional time for payment.

Extended Payment Timeline

The board has extended the payment period for the First and Final Call, which was originally due on March 02, 2026. The new payment window will be available from Wednesday, March 11, 2026 to Friday, May 08, 2026 (both days inclusive).

Interest and Payment Terms

Shareholders who make payments during the extended period will be charged interest at the rate of 10% per annum on the unpaid call money. This interest will be calculated from March 02, 2026, the original due date, until the date of actual payment. The company has clarified that the extension does not waive its right to levy interest from the original due date.

Background and Rationale

The extension decision was made after considering representations received from certain shareholders seeking additional time for payment. The board took into account the prevailing market environment and liquidity conditions when making this decision. The company stated that the extension aims to ensure equitable opportunity to all shareholders and facilitate smooth completion of the Rights Issue.

The First and Final Call relates to partly paid-up equity shares issued pursuant to the company's Rights Issue, which was conducted in accordance with the terms of the Letter of Offer dated January 07, 2025.

Trading Status and Administrative Details

The ISIN IN9526B01012 representing partly paid-up equity shares will continue to remain suspended from trading in accordance with applicable regulations and stock exchange procedures. Trading will remain suspended until completion of the First and Final Call process.

The Record Date for determining eligible holders of partly paid-up equity shares, previously fixed as February 05, 2026, remains unchanged. A detailed Extension Notice containing revised payment instructions will be dispatched to eligible shareholders and made available on the company's website, the registrar's website, and stock exchange platforms.

The board meeting commenced at 05:30 P.M. and concluded at 07:30 P.M. on March 02, 2026. The decision was communicated to both NSE and BSE as per regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.