Extension of Time for Payment of First and Final Call on Partly Paid-up Equity SharesThe Board of Directors has approved the extension of the last date for payment of the First and Final Call of ₹7.50 (Rupees Seven and Paise Fifty only) per partly paid-up equity share on the outstanding partly paid-up equity shares issued pursuant to the Rights Issue of the Company, in accordance with the terms of the Letter of Offer dated January 07, 2025, the Articles of Association of the Company and applicable provisions of law.Accordingly, the First and Final Call shall be payable during the extended period from:Wednesday, March 11, 2026 to Friday, May 08, 2026 (both days inclusive)Interest at the rate of 10% per annum shall be applicable on the unpaid Call Money from March 02, 2026 (being the original due date) until the date of actual payment.The extension of time shall not be construed as a waiver of the Company s right to levy interest from March 02, 2026.
CALSOFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
California Software Company has extended the deadline for shareholders to pay the First and Final Call money of ₹7.50 per partly paid-up equity share from its earlier Rights Issue. The original payment date of March 02, 2026 has been extended to a new window of March 11, 2026 to May 08, 2026. The company cited shareholder requests, market conditions, and liquidity concerns as reasons for the extension. A 10% per annum interest will be charged on unpaid amounts from the original due date until actual payment. The Record Date of February 05, 2026 remains unchanged, and the ISIN for the partly paid-up shares will continue to be suspended from trading until the call process is completed.
This signals potential collection difficulties with the Rights Issue, as the company needed to give shareholders extra time to pay. Shareholders who do not pay will face 10% annual interest charges. The continued trading suspension of the partly paid shares may also weigh on stock liquidity and investor sentiment.