Calsoft Approves ₹4.18 Cr OCRPS Redemption, Extends Call Money Deadline

The Board of Directors of California Software Company Limited approved the redemption of 4,18,700 Optionally Convertible Redeemable Preference Shares (OCRPS) held by Chemoil Private Limited, totaling ₹4.187 crore. This redemption is in accordance with the terms of issue and a request from Chemoil Private Limited. Additionally, the board extended the deadline for the First and Final Call Money payment on partly paid equity shares (from a Rights Issue) by one month. Shareholders failing to pay within this extended period risk forfeiture of their shares. The company also authorized its Executive Director and officers to finalize all related formalities.