California Software Company Limited has delivered impressive financial performance in Q3FY26, with the Board of Directors approving the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, during their meeting held on February 14, 2026.

Strong Revenue and Profitability Growth

The company demonstrated robust operational performance with significant improvements across key financial metrics. Revenue from operations showed strong momentum, while profitability metrics exceeded expectations substantially.

Nine-Month Performance Overview

The company's nine-month performance for the period ended December 31, 2025, further reinforced the positive trajectory. Total income reached ₹563.12 lakhs compared to ₹345.68 lakhs in the corresponding period last year, marking a growth of 62.9%. Net profit for the nine-month period stood at ₹142.94 lakhs, significantly higher than ₹45.39 lakhs achieved in the same period of the previous year.

Expense Management and Operational Efficiency

The company maintained disciplined expense management during the quarter. Employee benefits expense was ₹81.60 lakhs, while other expenses totaled ₹22.01 lakhs. Depreciation and amortization expense remained stable at ₹14.22 lakhs. Total expenses for the quarter amounted to ₹117.82 lakhs compared to ₹103.50 lakhs in Q3FY25.

Auditor Qualifications and Key Concerns

K. Gopal Rao & Co., the company's auditors, issued a qualified review report highlighting several areas requiring attention:

Regulatory Compliance and Business Operations

California Software Company operates primarily in the IT and software development business. The company noted that input tax credit reconciliation for the nine months ended December 2025 is pending, and TDS liability compliance is expected to be completed with interest. The paid-up equity share capital stands at ₹6,182.8 lakhs with a face value of ₹10 per share.

Corporate Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 14, 2026. The board meeting commenced at 16:00 hours and concluded at 18:30 hours, with Dr. Vasudevan Mahalingam serving as Managing Director. The results were submitted to stock exchanges under Regulation 33 of SEBI Listing Regulations.

California Software Company Limited has officially fixed February 05, 2026 as the record date for the First and Final Call on partly paid equity shares, following the board meeting held on January 31, 2026. The company has formally communicated this decision to both NSE and BSE in compliance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcome and Record Date Fixation

The board of directors at their meeting held on Saturday, January 31, 2026, approved the First and Final Call on partly paid equity shares and fixed the record date for determining eligible shareholders. The meeting was conducted at the company's registered office at Workflo, Greetta Towers, Industrial Estate, Perungudi, OMR Phase 1, Chennai 600096.

Stock Exchange Communication

The company has submitted formal intimation to both major stock exchanges regarding the record date fixation. The communication was signed by Krishnamoorthy Venkatesan, Company Secretary & Compliance Officer, ensuring full regulatory compliance with Regulation 42 requirements. The detailed information has been disclosed separately through the Outcome of the Board Meeting submitted to the Stock Exchanges.

First and Final Call Implementation

The First and Final Call has been approved in accordance with the terms of the Letter of Offer dated January 07, 2025, and the company's Articles of Association. The call amount of ₹7.50 represents the remaining payment required on partly paid equity shares issued under the Rights Issue.

Payment Timeline and Process

Shareholders holding partly paid equity shares as on the record date will be eligible for the First and Final Call. The company will dispatch detailed call notices to eligible shareholders with specific payment instructions, which will also be available on the company's website and stock exchange platforms.

The trading of partly paid equity shares will be suspended from February 05, 2026 after trading hours, allowing for the smooth implementation of the call money collection process. This systematic approach ensures compliance with all regulatory requirements while providing clear guidance to shareholders regarding their payment obligations.