Nature of the Disclosure

California Software Company Limited has intimated the stock exchanges about an upcoming Board of Directors meeting, as required under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures

The proposed acquisition involves acquiring up to a 51% equity stake in Tech Aggregators Private Limited (Cashter).

Dates of Action

The Board Meeting is scheduled for Thursday, 18 June 2026 at 11:00 A.M. (IST). The intimation was issued on 17 June 2026.

Parties or Entities Involved

The primary entities involved are:

  • California Software Company Limited (the acquirer)
  • Tech Aggregators Private Limited (Cashter) (the acquisition target, based in Chennai, India)
  • The Company's Board of Directors
  • The Managing Director and Key Managerial Personnel
  • Independent advisors for due diligence (legal, financial, tax, technical, commercial)
  • Professionals such as valuers, legal advisors, and consultants

Purpose or Stated Rationale

The meeting is being convened to consider a strategic investment opportunity.

Conditions and Contingencies

The proposed acquisition is subject to multiple conditions, including:

  • Satisfactory completion of due diligence
  • Valuation
  • Negotiation of transaction documents
  • Approval of the Board of Directors of both entities
  • Required statutory, regulatory, and other approvals
  • Execution of definitive agreements

Specific Board Agenda Items

The Board is scheduled to consider and approve the following:

1. The proposal for the acquisition of up to 51% equity stake in Cashter.

2. Approval for execution of a Memorandum of Understanding (MoU) with Tech Aggregators Private Limited for the proposed acquisition.

3. Authorization for conducting comprehensive due diligence (legal, financial, tax, technical, commercial) through independent advisors.

4. Appointment of valuers, legal advisors, consultants, and other professionals in connection with the proposed acquisition.

5. Authorization to the Managing Director and Key Managerial Personnel to negotiate, execute, and finalize all transaction-related documents.

6. Any other matter incidental or connected thereto.

Meeting Logistics

The meeting will be held through Video Conferencing / Other Audio Visual Means.

Important Clarification

The company explicitly states that no final binding acquisition decision is proposed at this stage.

#CaliforniaSoftware #SEBIReg29 #M&A #StrategicInvestment #RegulatoryCompliance