News Corporate Actions California Software Company Limited Issues First and Final Call Notice for Partly Paid-Up Equity SharesCalifornia Software Company Limited Issues First and Final Call Notice for Partly Paid-Up Equity Shares
California Software Company Limited has issued a detailed regulatory notice under Regulation 42 for the first and final call of ₹7.50 per partly paid-up equity share, with payment period from February 16 to March 02, 2026. The notice provides comprehensive payment instructions through ASBA facilities and designated Axis Bank branches, with consequences including 10% interest charges and potential share forfeiture for non-payment.
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California Software Company Limited has issued a comprehensive notice for the first and final call on its partly paid-up equity shares under Regulation 42, marking the completion phase of its rights issue process. The company has established clear payment timelines and multiple payment mechanisms for shareholders to convert their partly paid-up shares into fully paid-up equity shares.
Call Details and Payment Schedule
The Rights Issue Committee approved the first and final call at its meeting held on January 31, 2026. The comprehensive call structure includes:
| Parameter: | Details |
|---|---|
| Call Amount: | ₹7.50 per partly paid-up equity share |
| Record Date: | February 05, 2026 |
| Payment Period: | February 16, 2026 to March 02, 2026 |
| Payment Duration: | 15 days |
| Last Payment Date: | March 02, 2026 |
| Trading Suspension: | Effective February 05, 2026 |
The company has emphasized that this is the final call with no further calls planned for the rights issue. The notice has been sent to eligible shareholders whose email addresses are registered with the company or its Registrar and Transfer Agent.
Rights Issue Background and Structure
The partly paid-up equity shares were originally issued through a rights offering based on the Letter of Offer dated January 07, 2025. The complete rights issue framework includes:
| Component: | Details |
|---|---|
| Issue Price: | ₹10.00 per share (₹10.00 face value, ₹NIL premium) |
| Rights Ratio: | 3 rights equity shares for every 1 fully paid-up equity share |
| Application Money: | ₹2.50 per share (already collected) |
| Remaining Amount: | ₹7.50 per share (current call) |
| Allotment Date: | February 13, 2025 |
| Record Date for Rights: | January 15, 2025 |
Payment Methods and Banking Arrangements
Shareholders have multiple payment options available during the specified payment period:
ASBA Facility
- Online ASBA: Through Self-Certified Syndicate Banks (SCSBs) websites
- Physical ASBA: By submitting application forms to designated SCSB branches
- Operational Hours: Applications accepted until 5:00 PM on March 02, 2026
Cheque/Demand Draft Payments
Payments can be made through cheque or demand draft payable to "CALIFORNIA SOFTWARE COMPANY LIMITED - RIGHTS ISSUE ALLOTMENT ACCOUNT" (Account No. 924020072962823, Branch - Madipakkam, IFSC Code - UTIB0000083) at designated Axis Bank branches across major cities including Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, Kolkata, Pune, and others.
Regulatory Compliance and Consequences
The company has suspended trading of partly paid-up equity shares (ISIN: IN9526B01012) on stock exchanges effective February 05, 2026. Shareholders who fail to pay the first and final call will face:
| Consequence: | Details |
|---|---|
| Interest Charges: | 10.00% per annum on delayed payments beyond March 02, 2026 |
| Dividend Deduction: | Outstanding call amounts may be deducted from future dividends |
| Share Forfeiture: | Partly paid-up shares may be forfeited per regulatory provisions |
| Partial Payments: | Proportionate conversion based on amount paid |
Contact and Support Information
The company has provided comprehensive support through:
- Registrar: Integrated Registry Management Services Private Limited
- Helpline: +91 90920 53888 (Monday to Friday, 10 AM to 5 PM)
- Email Support: calsoftsecretarial@gmail.com
- Company Website: www.calsofts.com/rightsissue
- Registrar Website: www.integratedregistry.in
The notice includes detailed annexures with payment instructions, ASBA application forms, and payment slips. Shareholders must ensure their PAN is linked with Aadhaar and comply with regulatory requirements. The company has emphasized that cash payments will not be accepted and part payments will be treated as non-payment unless proportionate conversion is approved by the Rights Issue Committee.
Historical Stock Returns for California Software
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.87% | -3.14% | -7.53% | +5.23% | +17.83% | +157.04% |
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