California software Company Limited has announced a board meeting to address matters related to its Rights Issue, specifically focusing on call money for partly paid equity shares.

Board Meeting Details

The company has scheduled the meeting in compliance with regulatory requirements under SEBI guidelines.

Meeting Agenda

The board will consider matters relating to call money on partly paid equity shares that were issued under the company's Rights Issue. The meeting will also address other related and incidental matters connected to this primary agenda item.

Trading Window Restrictions

The company has informed stakeholders about ongoing trading restrictions affecting designated persons. The trading window for dealing in the company's securities remains closed in accordance with:

• SEBI (Prohibition of Insider Trading) Regulations, 2015
• Company's Code of Conduct for designated persons

The trading window closure is currently in effect due to the Q3 financial disclosure period, which coincides with the upcoming board meeting.

Regulatory Compliance

The meeting notification has been issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both major stock exchanges where its shares are listed - the National Stock Exchange of India Limited and BSE Limited.

The announcement was signed by Dr. Mahalingam Vasudevan, Managing Director of California Software Company Limited, ensuring proper corporate governance protocols are followed.

California Software Company Limited has successfully secured shareholder approval for all five resolutions proposed in its postal ballot, including significant fundraising initiatives totaling ₹200 crores through QIP and USD 100 million through FCCBs. The results were declared on December 19, 2025, by Dr. Mahalingam Vasudevan, Managing Director, at the company's registered office.

Postal Ballot Results Overview

All five resolutions received overwhelming shareholder support with approval rates exceeding 99.97%. The voting process concluded on December 18, 2025, with 119 members participating through the e-voting platform provided by NSDL.

Approved Fundraising Initiatives

Shareholders approved the company's comprehensive fundraising strategy through multiple instruments:

QIP and FCCB Approvals

• QIP Authorization: Up to ₹200 crores through equity shares and convertible securities
• FCCB Issuance: Up to USD 100 million in Foreign Currency Convertible Bonds
• Compliance: All issuances subject to FEMA and RBI guidelines

Capital Structure Enhancement

The authorized share capital increase from ₹175 crores to ₹225 crores was approved, facilitating the proposed fundraising activities. This includes increasing equity shares from 17.10 crore to 22.10 crore shares of ₹10 each.

Voting Participation Details

Corporate Governance Approvals

Shareholders also approved enhanced investment powers under Section 186 of the Companies Act, 2013, enabling the company to make investments, provide loans, guarantees, and security beyond statutory limits. Additionally, Mr. R.S. Chandan (DIN: 08849851) was re-appointed as Independent Director for a second five-year term.

Strategic Implications

Dr. Vasudevan had earlier stated that these fundraising initiatives are designed to strengthen the company's stability and growth, delivering maximum value to stakeholders. The approved funds will support business expansion, customer acquisition, working capital requirements, and strategic growth opportunities in the software sector.

The scrutinizer's report, prepared by Mr. N. Ramanathan of S. Dhanapal Associates, confirmed the validity of all voting procedures and results, ensuring compliance with Companies Act provisions and SEBI regulations.