At meeting held on 23 December 2017
The Board of California Software Company at its meeting held on 23 December 2017 has approved the following -Approved the appointment of Prashant Khattar as an Additional Director of the Company.
Approved the appointment of Keerti Saraswat, as an Additional Director.
Approved the Resignation of Fredrick Ivor Bendle, P.J. George and Vijayapriya Narayanan as Directors of the Company.
Approved the Appointment of Dr. M. Vasudevan as Chief Executive Officer (CEO) of the Company.
Approved Splitting of Equity Shares of Rs. 10/- each to Rs. 2/- and also convening an EGM for getting shareholders approval.
Approved the Issuance of 38,00,000 Equity Shares at a price of Rs.100/- each (Which includes premium of Rs.90/-) on Preferential Allotment Basis to Prashant Khattar for the exchange of his 60% fully diluted equity shares of Infinia Solutions and Services (Share swapping Transaction).
Approved the conversion of unsecured Loan of Rs. 35,10,80,000/- in to 35,10,800 Optionally Convertible Redeemable Preference Shares (OCRPS) at a price of Rs.100/- each (Which includes premium of Rs.90/-) to Chemoil Advanced Management Services (CAMS).
Approved the Sale of Shares of subsidiary Company i.e Aspire Communications.
Approved the Issuance of Employee Stock Option (ESOP) as per SEBI (Share based Employee Benefits) regulations.
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