CALSOFT - California Soft.
📢 Recent Corporate Announcements
California Software Company Limited (Calsoft) has reported the collection of ₹6.11 crore as the first and final call money for 81,55,826 partly paid-up shares. This represents a collection rate of approximately 17.6% of the total 4.63 crore shares issued during the Rights Issue. The company is now initiating the process to convert these paid shares into fully paid-up equity shares of ₹10 face value. However, a substantial 3.82 crore shares remain partly paid-up, with the collection period being extended by the Board.
- Collected ₹6,11,68,695 in call money at ₹7.50 per share for 81,55,826 shares.
- Approximately 82.4% of the rights issue shares (3,82,15,492 shares) remain unpaid as of the reporting date.
- The Audit Committee has been designated as the Monitoring Committee to oversee fund utilization and regulatory compliance.
- Conversion of the 81.55 lakh shares to fully paid-up status is subject to approvals from NSE, BSE, NSDL, and CDSL.
California Software Company Limited (CALSOFT) has successfully reconciled its First and Final Call Money, receiving a total of ₹6.12 crore. The Board has approved the conversion of 81,55,826 partly paid-up equity shares into fully paid-up equity shares with a face value of ₹10 each. To ensure proper governance, the Audit Committee has been designated as the Monitoring Committee to oversee the utilization of these Rights Issue proceeds. This step completes the capital infusion process for these shares, pending final regulatory and depository approvals.
- Received ₹6,11,68,695 as First and Final Call Money for 81,55,826 shares
- Approved conversion of 81,55,826 partly paid-up shares into fully paid-up equity shares
- Audit Committee designated as the Monitoring Committee for Rights Issue fund oversight
- Conversion is subject to final approvals from Stock Exchanges and Depositories
California Software reported a standalone net profit of ₹100.80 lakhs for Q3 FY26, a significant increase from ₹20.42 lakhs in the previous year. Revenue grew to ₹254.04 lakhs, up from ₹131.09 lakhs YoY. Despite the growth, auditors raised critical concerns regarding ₹2,307.39 lakhs in unverified trade receivables and the absence of a fixed asset register. The report also highlights unreconciled tax assets and discrepancies in opening balances, casting doubt on the reliability of the financial statements.
- Standalone Q3 revenue increased 93.8% YoY to ₹254.04 lakhs.
- Net profit surged to ₹100.80 lakhs in Q3 FY26 from ₹20.42 lakhs in Q3 FY25.
- Auditors flagged ₹2,307.39 lakhs in trade receivables lacking adequate credit loss provisions, which is significantly higher than annual revenue.
- Fixed asset register for ₹218.26 lakhs was unavailable for auditor verification, limiting assessment of asset existence.
- Opening balances for current assets and reserves differ from previous audited statements without supporting evidence.
California Software Company Limited (Calsoft) has issued a notice for the first and final call of ₹7.50 per partly paid-up equity share to complete its rights issue process. Shareholders who previously paid ₹2.50 during the application phase must now pay the balance to make the shares fully paid-up. The payment window is set from February 16, 2026, to March 02, 2026. Failure to complete the payment will result in a 10% per annum interest penalty or the potential forfeiture of the shares and the initial investment.
- Final call amount of ₹7.50 per share due to make equity shares fully paid-up at ₹10.00 face value.
- Payment period is scheduled from Monday, February 16, 2026, to Monday, March 02, 2026.
- Record date for determining eligible partly paid-up shareholders was February 05, 2026.
- Non-payment attracts 10% per annum interest and risks forfeiture of the ₹2.50 already paid per share.
- Trading of partly paid-up shares (ISIN: IN9526B01012) has been suspended effective February 05, 2026.
California Software Company Limited (CALSOFT) has announced February 05, 2026, as the record date for the First and Final Call on its partly paid-up equity shares. This decision follows the Board of Directors meeting held on January 31, 2026. The call is intended to collect the remaining unpaid capital from eligible shareholders to convert partly paid shares into fully paid-up equity. Shareholders appearing on the register as of the record date will be liable to pay the call money.
- Record Date for First and Final Call fixed as Thursday, February 05, 2026
- Board of Directors approved the call in a meeting held on January 31, 2026
- The action pertains to determining eligible holders of partly paid-up equity shares
- Compliance maintained under Regulation 42 of SEBI (LODR) Regulations, 2015
California Software Company Limited (CALSOFT) has announced the First and Final Call for its partly paid-up equity shares issued during its previous Rights Issue. The Board of Directors has fixed February 05, 2026, as the Record Date to identify shareholders liable to pay the call money. As a result, trading in the partly paid-up shares under ISIN IN9526B01012 will be suspended after trading hours on the Record Date. This is a mandatory step to facilitate the conversion of these instruments into fully paid-up equity shares.
- Board approved the First and Final Call on partly paid-up equity shares on January 31, 2026
- Record Date for the call payment eligibility is set for February 05, 2026
- Trading suspension for ISIN IN9526B01012 effective from February 05, 2026, after market hours
- The move follows the company's previous capital raising through a Rights Issue
California Software Company Limited (CALSOFT) has announced February 05, 2026, as the record date for the first and final call on its partly paid-up equity shares. This follows the Board of Directors' approval during their meeting on January 31, 2026. Shareholders holding partly paid shares on this record date will be obligated to pay the remaining balance to convert them into fully paid-up shares. This is a crucial step in the company's capital raising process initiated earlier.
- Record date for the first and final call is fixed as Thursday, February 05, 2026.
- The Board of Directors approved the call in a meeting held on January 31, 2026.
- The call is applicable to all eligible holders of partly paid-up equity shares.
- Purpose is to determine eligibility for the final payment required to make shares fully paid-up.
- Failure to pay the call money within the stipulated time may result in the forfeiture of shares.
California Software Company Limited has announced the first and final call of ₹7.50 per share for its outstanding partly paid-up equity shares. This call follows the rights issue initiated in early 2025 to complete the capital collection process. The company has set February 05, 2026, as the record date to identify eligible shareholders. Investors must pay the call amount by February 27, 2026, to convert their holdings into fully paid-up shares. Trading of the partly paid shares will be suspended starting from the record date.
- Board approved a final call of ₹7.50 per partly paid-up equity share
- Record date for determining eligible shareholders is fixed for February 05, 2026
- Payment period for the call money ends on February 27, 2026
- Trading in partly paid-up shares (ISIN IN9526B01012) will be suspended from the record date
California Software Company Limited (CALSOFT) has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended December 31, 2025, all share certificates received for dematerialization were processed within the mandated 15-day period. The Registrar and Transfer Agent, Integrated Registry Management Services Private Limited, verified and cancelled the physical certificates. This is a standard administrative procedure to ensure the accuracy of electronic shareholding records.
- Compliance certificate issued for the quarter ended December 31, 2025.
- Confirmation that dematerialization requests were processed within the 15-day statutory limit.
- Physical share certificates were mutilated and cancelled after due verification by the RTA.
- Integrated Registry Management Services Private Limited acted as the Registrar and Transfer Agent.
California Software Company Limited (CALSOFT) has announced the closure of its trading window for all designated persons starting January 1, 2026. This move is a standard regulatory requirement under SEBI Insider Trading regulations ahead of the declaration of financial results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be notified separately.
- Trading window closure begins on January 1, 2026, for all designated employees and directors.
- Closure is in anticipation of the unaudited financial results for the quarter ended December 31, 2025.
- The restriction will be lifted 48 hours after the official announcement of the quarterly results.
- The board meeting date for result consideration is yet to be announced by the company.
Financial Performance
Revenue Growth by Segment
Total income grew by 26.9% YoY, reaching INR 3.09 Cr (309.07 Lakhs) in H1 FY26 compared to INR 2.44 Cr (243.55 Lakhs) in H1 FY25. Segment-specific revenue breakdown is not disclosed in the available documents.
Profitability Margins
Net Profit Margin improved to 13.63% in H1 FY26 from 10.26% in H1 FY25. Profit for the period stood at INR 0.42 Cr (42.14 Lakhs) for H1 FY26, representing a 68.7% YoY increase from INR 0.25 Cr (24.98 Lakhs).
EBITDA Margin
Operating profit before working capital changes was INR 0.85 Cr (85.22 Lakhs) for H1 FY26, a margin of 27.57%, compared to INR 1.02 Cr (102.46 Lakhs) in H1 FY25, a margin of 42.07%. The margin compression of 1,450 bps is primarily due to increased operational expenses.
Capital Expenditure
The company incurred INR 0.36 Cr (35.97 Lakhs) in capital expenditure for property, plant, and equipment during H1 FY26, compared to zero expenditure in the previous year's corresponding period.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company reported finance costs of INR 0.47 Cr (46.58 Lakhs) for H1 FY26, down 6.7% from INR 0.50 Cr (49.95 Lakhs) in H1 FY25.
Operational Drivers
Raw Materials
As an IT services company, the primary 'raw material' is human capital. Employee benefit expenses accounted for INR 1.77 Cr (177.27 Lakhs), representing 57.3% of total income in H1 FY26.
Capacity Expansion
The company is significantly expanding its financial capacity, with the Board approving an increase in Authorized Share Capital to INR 225 Cr and an investment/loan limit of INR 500 Cr to support growth.
Raw Material Costs
Employee costs (primary operational cost) increased by 73% YoY from INR 1.02 Cr (102.46 Lakhs) in H1 FY25 to INR 1.77 Cr (177.27 Lakhs) in H1 FY26, indicating aggressive hiring or wage hikes to support new projects.
Manufacturing Efficiency
Not applicable for software services; however, the company generated a profit before tax of INR 0.57 Cr (56.94 Lakhs) on a total income of INR 3.09 Cr, reflecting an operational efficiency (PBT margin) of 18.4%.
Strategic Growth
Growth Strategy
The company plans to achieve growth through a massive capital infusion, including a Qualified Institutional Placement (QIP) of up to INR 200 Cr and a global fund-raising pool of up to USD 100 Million. These funds are earmarked for 'emerging growth opportunities,' working capital strengthening, and potential strategic initiatives to deliver stakeholder value.
Products & Services
Software development, IT consulting, and technology solutions (implied by 'California Software Company Limited' and 'Revenue from Operations').
Brand Portfolio
Calsoft, California Software Company Limited.
Market Expansion
The company is seeking approval for global fundraising (USD 100 Million), suggesting plans for international market expansion or large-scale global acquisitions.
External Factors
Industry Trends
The IT services industry is shifting toward high-value digital transformation; Calsoft's massive fundraise (INR 200 Cr+) relative to its current small revenue base (INR 6 Cr annualized) suggests a pivot toward scaling operations to meet these technology shifts.
Competitive Landscape
Competes with global and Indian IT service providers; currently operates as a micro-cap player seeking to scale rapidly.
Competitive Moat
The company's moat is currently unclear due to its small scale, but its ability to access large-scale institutional capital (QIP) suggests a level of financial credibility or a strategic roadmap that attracts institutional investors.
Macro Economic Sensitivity
The company's plan to raise USD 100 Million makes it highly sensitive to global interest rate environments and USD/INR exchange rate fluctuations.
Regulatory & Governance
Industry Regulations
The company is dealing with GST Input Tax Credit (ITC) reconciliation issues for the 6 months ended September 2025, where matching with GSTR-2A/2B is pending, potentially impacting tax efficiency.
Taxation Policy Impact
The company faces regulatory scrutiny with INR 3.80 Cr (380.02 Lakhs) in current tax assets subject to reconciliation and pending TDS liabilities that are expected to be paid with interest.
Legal Contingencies
The company is in the process of confirming trade receivables of INR 20.96 Cr; failure to confirm or recover these could lead to legal disputes or significant financial write-offs.
Risk Analysis
Key Uncertainties
The primary uncertainty is the recoverability of trade receivables (INR 20.96 Cr), which is significantly higher than the company's annual revenue, posing a threat to going concern if not realized.
Third Party Dependencies
High dependency on institutional investors for the success of the proposed INR 200 Cr QIP to fund future operations.
Credit & Counterparty Risk
Extremely high credit exposure as evidenced by the trade receivables balance of INR 20.96 Cr, which is currently under reconciliation and confirmation.