California Software Company Limited's Board of Directors approved the conversion of 81,55,826 partly paid-up equity shares into fully paid-up shares during its meeting held on March 10, 2026. The decision follows successful collection of call money totaling ₹6,11,68,695 from shareholders as part of the company's Rights Issue process.

Board Meeting Outcomes and Approvals

The Board meeting, conducted at the company's registered office in Chennai and through video conferencing, addressed multiple aspects of the Rights Issue completion. The directors took note of the reconciliation summary provided by Integrated Registry Management Services Private Limited, confirming receipt of call money payments.

Rights Issue Structure and Payment Framework

The Rights Issue was undertaken pursuant to a Letter of Offer dated January 07, 2025, following a structured payment approach. The issue involved partly paid-up equity shares with specific payment components distributed across application money and call money stages.

Monitoring Committee Constitution and Oversight

The Board approved the constitution of a Monitoring Committee for comprehensive oversight of Rights Issue proceeds and call money collection activities. The Audit Committee has been designated to act as the Monitoring Committee, ensuring strengthened governance and regulatory compliance.

Regulatory Approvals and Next Steps

The conversion of partly paid-up equity shares into fully paid-up equity shares remains subject to necessary approvals from stock exchanges and depositories. The Board has authorized the Company Secretary & Compliance Officer to handle all regulatory filings and documentation requirements.

The remaining 3,82,15,492 partly paid-up equity shares will continue under the extended payment period as approved by the Board. The Monitoring Committee will maintain ongoing oversight of call money collection and Rights Issue proceeds utilization, providing regular progress reports to the Board of Directors.

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:

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:

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:

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.