California Software Company Limited released a comprehensive Monitoring Committee Report on March 10, 2026, detailing the oversight of Rights Issue proceeds and First & Final Call Money collection. The report provides extensive background on the company's Rights Issue process and confirms the successful collection of call money for converting partly paid-up equity shares.

Rights Issue Background and Structure

The company had undertaken a Rights Issue of partly paid-up equity shares pursuant to a Letter of Offer dated January 07, 2025. The Rights Issue followed a structured payment approach with specific pricing components for shareholders.

Monitoring Committee Constitution and Oversight

The Board of Directors constituted a Monitoring Committee on March 10, 2026, designating the Audit Committee to act as the Monitoring Committee for strengthened governance. The committee oversees call money receipt, reconciliation processes, share conversion activities, Rights Issue proceeds utilisation, and regulatory compliance with stock exchanges and depositories.

Call Money Collection and Share Conversion Status

The Monitoring Committee reviewed reconciliation data prepared by Integrated Registry Management Services Private Limited, the company's Registrar and Transfer Agent. The reconciliation process involved payment verification through banking channels, shareholder-wise call money details, and depository records confirmation.

Regulatory Approvals and Next Steps

The company has proposed converting 81,55,826 partly paid-up equity shares into fully paid-up equity shares of face value ₹10 each, subject to necessary approvals from stock exchanges and depositories. The conversion process requires approvals from National Stock Exchange of India Limited, BSE Limited, National Securities Depository Limited, and Central Depository Services (India) Limited.

The Monitoring Committee confirmed that call money receipts have been verified through an Auditor's Certificate from the company's Statutory Auditor. The remaining partly paid-up equity shares will continue under the extended payment period approved by the Board of Directors, with the Monitoring Committee continuing periodic monitoring of call money collection and Rights Issue proceeds utilisation.

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.