CALSOFT Monitoring Committee Reviews Rights Issue Call Money Collection
California Software Company Limited's Monitoring Committee reviewed its Rights Issue. First and Final Call Money of ₹7.50 per share has been received for 81,55,826 shares, totaling ₹6.12 crore. The company plans to convert these into fully paid-up shares, pending regulatory approvals.
This announcement is a procedural update on the rights issue and call money collection. It does not involve significant new business, financial results, or strategic shifts that would have a high or medium impact on the company's stock or operations.
The announcement provides an update on the company's rights issue process and call money collection. While the collection of call money is a positive step, it is a routine procedural update and does not indicate a significant positive or negative development for the company's financial performance.
California Software Company Limited has announced updates regarding its Monitoring Committee's review of the Rights Issue proceeds and First and Final Call Money collection. The committee, which is the company's Audit Committee, was constituted on March 10, 2026, to oversee the receipt, reconciliation, conversion of partly paid-up shares, utilization of rights issue proceeds, and regulatory compliance.
The committee reviewed the reconciliation of First and Final Call Money received from shareholders. A total of 4,63,71,318 partly paid-up equity shares were issued under the Rights Issue. The First and Final Call Money, at ₹7.50 per share, has been received for 81,55,826 shares, amounting to ₹6,11,68,695. This amount has been verified by the company's Statutory Auditor.
Based on this reconciliation, the company has proposed to convert these 81,55,826 partly paid-up equity shares into fully paid-up equity shares, subject to approvals from the National Stock Exchange of India Limited, BSE Limited, National Depository Services (India) Limited, and Central Depository Services (India) Limited. The remaining partly paid-up shares, for which call money has not yet been received, will continue under the extended payment period. The Monitoring Committee will also oversee the utilization of the Rights Issue proceeds and report to the Board of Directors.
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California Software Company Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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