California Software Company logo

California Software Company share news and announcements

NSE: CALSOFTBSE: 532386IT - SoftwareSmall Cap

Last close ₹28.20down ₹0.72 (2.49%)BSE ₹28.41

Share price at the NSE close on 23 Oct 2026. Previous close ₹28.92.

52-week range of traded prices to 23 Oct 2026
₹10.90Low, 6 Apr 2026₹43.13High, 3 Sep 2026
Market cap
₹174 Cr3,469th largest listed
P/E
11.9
P/B
4.2
Dividend yield
Nonein the last 12 months
ROE
44.5%
ROCE
45.7%
Debt to equity
0.04
Volume, NSE
80,011

California Software Company share news and announcements

603 announcements, routine notices left out, newest first. Page 12 of 13.

  1. Jun 2008

    • 16 Jun · Post offer Public announcement

      With reference to the Public Announcement to the shareholders of California Software Company Limited. The Open Offer for purchase of 24,73,002 Fully Paid-up Equity shares of Rs.10/- each at a price of Rs. 100.00 per share of California Software Company Limited ("Calsoft"/"Target Company") representing in aggregate 20.00% of the fully paid up capital of the Target Company by Kemoil Limited ("Acquirer") opened on May 09, 2008 and closed on May 28, 2008. The payment towards consideration for shareholders tendering the shares in the offer has been dispatched on June 11, 2008. Further the Company has submitted a copy of Post Offer Public Announcement as appeared in news paper on June 14, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 16 Jun · Minutes/Others

      At the Extra Ordinary General Meeting held on June 14, 2008 the shareholders of Company approved the following; (a) increase in the borrowing powers limit of Board of Directors of the Company from the excess of company's capital and free reserves by Rs.2.50 Crores to the excess of Company's capital and free reserves by Rs.250 Crores. Further the Company has submitted a copy of minutes of Extra Ordinary General Meeting. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  2. May 2008

    • 21 May · Meeting

      Notice of the Extraordinary General Meeting of the members of the Company scheduled to be held on June 14, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 5 May · Corrigendum

      Corrigendum to Public Announcement regarding Open Offer for purchase of 24,73,002 Fully Paid-up Equity shares of Rs.10/- each at a price of Rs.100.00 per share of California Software Company Limited ("Calsoft"/"Target Company") representing in aggregate 20.00% of the fully paid up capital of the Target Company by Kemoil Limited (Acquirer). A copy of the Corrigendum published on May 02, 2008 in the newspaper shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  3. Apr 2008

    • 22 Apr · Business

      Press release dated April 22, 2008, titled "Calsoft Announces Appointment of Oracle Practice Director; Nic Wood appointed as Oracle Practice Director". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 11 Apr · Results

      We will be publishing our audited financial results for the year 2007-08 within 3 months from the end of the last quarter of the financial year and as such, the un-audited results for the last quarter of the year will not be published / given to the Stock Exchange
  4. Mar 2008

    • 31 Mar · Release

      Release dated March 31, 2008, titled "Inatech Receives Applause from Oracle; Oracle recognized Inatech for Delivering Customer success and Commitment to Excellence". A copy of the release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 11 Mar · Release

      Release dated March 11, 2008, titled "Calsoft Announces Appointment of New Vice President of Global Marketing for Calsoft Labs". A copy of the release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 5 Mar · Business

      "The Hon'ble High Court, Madras has sanctioned the scheme of Amalgamation between California Software Co. Ltd with its Wholly Owned Subsidiary M/s Webspectrum Software Limited. The effective date of amalgamation will be from April 01, 2006.
    • 4 Mar · Release

      Release dated March 04, 2008,titled "Calsoft Labs Unveils diameter application development kit". A copy of the release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  5. Feb 2008

    • 27 Feb · Business

      Press release dated February 27, 2008, titled "Calsoft Announces Appointment of VP - Corporate Finance". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 11 Feb · Release

      Release dated February 11, 2008, titled "Calsoft Announces Appointment of New Chairman; Mr.Clyde Michael Bandy appointed as Chairman of California Software Company Ltd". A copy of the release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  6. Jan 2008

    • 19 Jan · Business

      Press release dated January 19, 2008, titled "Calsoft Q3 FY08- growth momentum continues". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 14 Jan · Board meeting

      To consider inter-alia and to approve the unaudited results for the 3rd quarter/ Nine months ended December 31, 2007 (Standalone and consolidated).
    • 8 Jan · Demise

      Sudden demise of our Chairman Mr. Robert V. Chandran.
  7. Dec 2007

    • 17 Dec · Business

      Press release dated December 17, 2007, titled "Calsoft accelerates buy out of Inatech - Strengthens its Oracle practice". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  8. Nov 2007

    • 20 Nov · Miscellaneous

      Unaudited financial results for the half year ended September 30, 2007 sent to the shareholders. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 13 Nov · Business

      Press release dated November 13, 2007, titled "Calsoft to Acquire International Innovations INC.". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  9. Oct 2007

    • 30 Oct · Business

      Press release dated October 25, 2007, titled "California Software Company Limited partners with Marketics Technologies". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) For more details click here.
    • 27 Oct · Business

      Press release dated October 27, 2007, titled "Calsoft records rapid growth in Profits". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 19 Oct · Board meeting

      To take on record the unaudited financial results-consolidated and standalone-for the second Quarter/ Half year ended September 30, 2007.
  10. Aug 2007

    • 31 Aug · Change in Company Secretary/Compliance Officer

      Vide its letter dated August 30, 2007 that "The Company has appointed Mr.V.S.Navin Shushant as Company Secretary and designated him as Compliance Officer in terms of the listing agreement, with effect from date. The company had accepted earlier the resignation of Mr. Sudhir Anand from this post".
    • 27 Aug · Miscellaneous

      Chairman's Speech. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 24 Aug · Meeting

      Proceedings of the Annual General Meeting held on August 22, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 23 Aug · Meeting

      At the 15th Annual General Meeting held on August 22, 2007, the members of the Company have approved the following: (1) Adoption of audited accounts for the year ended March 31, 2007 together with report of the directors and auditors.(2) Declaration of dividend at 7.5 % i.e. Re. 0.75/- per shares on Equity Shares for the financial year 2006-07 out of profits for the year ended March 31, 2007. (3) Re-appointment of Dr. PJ George, liable to retire by rotation. (4) not to fill the vacancy for the time being caused by the retirement of Mr. Fuminobhu Oda, who did not seek re-appointment as director. (5) Appoinment of Mr. Dan G Peterson as Director of the Company, liable to retire by rotation. (6) Appointment of M/s Price Waterhouse, India as Auditors of the Company till the conclusion of the next Annual General Meeting with authorization to board of Directors to fix their remuneration.
    • 22 Aug · Public Announcement-Open Offer

      Public Announcement ("PA") being issued by them, the Manager to the Offer ("RELIGARE") on behalf of Kemoil Limited (hereinafter "Acquirer" or "Kemoil") pursuant to and in compliance with Regulation 11 (1) and Regulation 12 of Chapter III of The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (hereinafter "SEBI Takeover Code" or "Regulations" or "SEBI (SAST) Regulations"). The Offer: The Acquirer is making an offer to the public shareholders of Calsoft to acquire 24,73,002 fully paid-up equity shares of the face value of Rs.10/- each, representing in aggregate 20.00% of the fully paid up equity share capital of the Target Company (California Software Company Limited) at a price of Rs.100/- per equity share (hereinafter "the Offer Price"), payable in cash in terms of Regulations 20 and 21 of the Regulations (the "Offer" or "Open Offer"). The Offer is in accordance with Regulations 11(1) and 12 of the Regulations, consequent to the Acquisition of the shares and control by the Acquirer as mentioned in Clause I and subject to the terms and conditions mentioned hereinafter, which will also be part of the Letter of Offer to be circulated to the shareholders of the Target Company. The Specified Date is September 07, 2007. The Date of Opening of the Offer is October 12, 2007 and Date of Closing of the Offer is October 31, 2007. A copy of the Public Announcement-Open Offer shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 21 Aug · Open Offer

      "Religare Securities Limited ("Manager to the Offer") for and on behalf of Kemoil Limited ("Acquirer") has issued a Public Announcement to the shareholders of California Software Company Ltd ("Target Company"), pursuant to and in compliance with, among others, Regulation 11(1) & Regulation 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations"). Chemoil Energy Limited will be the Person Acting in Concert ("PAC") with the Acquirer. The Offer: The Acquirer proposes to acquire, from the existing shareholders of the Target Company, upto 24,73,002 fully paid up equity shares ("Offer Size") representing 20% of the Equity Share Capital at a price of Rs.100/- of the Target Company ("Offer Price"), to be paid in cash in accordance with the Regulations". The details of the Schedule of Activities shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 21 Aug · Business

      California Software Company Limited had informed the Exchange regarding (1) The Allotment made by the Company of 22,00,000 equity shares to M/s Kemoil Limited, (promoter group entity) issued on preferential basis as approved by the shareholders at the EGM held on July 14, 2007, (2) Allotment of 9,25,000 equity shares to Kemoil Limited, upon the conversion of 83,25,000 FCDs and (3) Acquisition of 1,25,000 equity shares by Kemoil Limited from Andorra Services Limited. The Company has further informed the Exchange that: "Subsequent to the above a Shareholders' Agreement has been executed effective 17th August, 2007 between the present promoter Mr.S.Santhosh and Kemoil Limited, for the change of promoter and effective control of the Company subject to the completion of the formalities under SEBI (SAST) Regulations or any other approvals as required. Accordingly, Kemoil Limited will be the Promoter of the Company. Mr.S.Santhosh will however continue in his capacity as Managing Director and shall operate and manage the company's operations under supervision of the Board of Directors".
    • 20 Aug · Allotment of shares

      Vide its letter dated August 17, 2007 that "Further to the Board Meeting held on 28th July, 2007 and the approvals received from the shareholders at the EGM held on 14th July, 2007 and in-principal approval from Stock Exchanges received in August, 2007 the allotment Committee of the Board of Directors of our Company have today allotted ; (A) 1,93,600 equity shares on preferential basis to the 5 individuals (non-promoter category) at the price of Rs. 100/- per share (including premium of Rs.90/- per share) as approved in item 4 of the EGM held on 14th July , 2007.(1) Name of the Allottee : Dr. Mahesh kantanhalli Rao ; No. of Equity Shares - 91,930. (2) Name of Allottee : Mrs. Vijaya Rao ; No. of Equity Shares - 61,290. (3) Name of Allottee : Mr. Ramandeep singh ; No. of Equity Shares - 9,150. (4) Name of Allottee : Mr. Sumesh Kaul ; No. of Equity Shares - 21,550. (5) Name of Allottee : Mr. Callembelle N. Rajendra Simha ; No. of Equity Shares - 9,680. Total : 1,93,600 (b) 22,00,000 equity shares on preferential basis to Kemoil Ltd. (Promoter Group Entity) at a price of Rs.100/- per share (including premium of Rs.90/- per share) as approved at the EGM held on 14th July, 2007".
    • 20 Aug · Allotment of shares

      The Allotment Committee meeting of the Board of Directors of our Company held today viz Aug 17, 2007 the Committee approved the issue and allotment of 9,25,000 equity shares to M/s Kemoil Ltd (promoter group entity) upon conversion of 83,25,000 FCD's held by them as per terms of conversion. The FCD's were issued on preferential basis on 30th October, 2006 based on shareholders approvals at the EGM held on 16th October 2006 and in-principal approvals obtained from BSE and NSE. The Equity shares are allotted at a price of Rs.90/- per share (including premium of Rs.80 per share) as per conversion terms
    • 7 Aug · Meeting

      Notice sent to the Shareholders in connection with the Annual General Meeting of the Company on August 22, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  11. Jul 2007

    • 31 Jul · Meeting

      Outcome of Board Meeting held on July 28, 2007 which is as follows: 1) Approved the Notice convening Annual General meeting and fixing book closure dates and record date. The AGM will be held on August 22, 2007. Book closure will be from August 16 to August 22, 2007 (both days inclusive) for the purposes of declaration of dividend if approved by the shareholders at the forthcoming AGM of the Company. 3) Authorised a Committee to approve allotment of shares on receipt of necessary approvals from the Stock Exchanges : a) Allotment of 1,93,600 equity shares on preferential basis to 5 shareholders of Aspire Communications Pvt. Ltd. (non-promoter category). b) Allotment of 22,00,000 equity shares on preferential basis to Kemoil Limited (Promoter category).
    • 30 Jul · Release

      Release dated July 25, 2007, titled "Calsoft completes acquisition of majority stake in Aspire Communications". A copy of the release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 28 Jul · Business

      Press release dated July 28, 2007, titled "Calsoft continues the growth momentum". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 21 Jul · Board meeting

      To consider inter-alia the following: 1) To approve the unaudited results for the 1st quarter ended June 30, 2007 (standalone and consolidated). 2) Fixing the date for the forthcoming Annual General Meeting. 3) Allotment of equity shares - subject to receipt of In-principle approval from stock exchanges of 1,93,600 equity shares of Rs.10/- each at a premium of Rs.90/- per share on preferential basis to the 5 shareholders of Aspire Communications Pvt. Ltd. (non-promoter category) as approved at the Extraordinary General Meeting held on July 14, 2007. 4) Allotment of equity shares - subject to receipt of In-principle approval from stock exchanges - 22,00,000 equity shares of Rs.10/- each at a premium of Rs.90/- per share on preferential basis to M/s. Kemoil Limited (promoter group entity) as approved at the Extraordinary General Meeting held on July 14, 2007. 5) Other agenda as may be considered necessary and if any.
    • 17 Jul · Meeting

      Minutes of the Extraordinary General Meeting of the Company held on July 14, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 16 Jul · Meeting

      At the EGM held today viz, 14th July, 2007, the shareholders of our Company approved the following: (1) Increase the Authorised Share Capital from Rs. 12.00 crores to Rs. 15.00 crores and consequential amendments to the Memorandum and Articles of Association as contained in items 1 to 3 of the notice. (2) Issue of 1,93,600 equity shares on preferential basis to 5 shareholders of Aspire Communications Pvt. Ltd. at a price of Rs. 100/- per share (including premium of Rs. 90/- per share) as contained in items 4 of the EGM Notice. (3) Issue of 22,00,000 equity shares on preferential basis to Kemoil Ltd. and its Associates/ Nominees at a price of Rs.100/- per share (including premium of Rs. 90/- per share) as contained in item 5 of the EGM Notice
    • 9 Jul · Miscellaneous

      Notice issued by the petitioner company Webspectrum Software Limited (company's 100% subsidiary) in connection with the proposed amalgamation with the Company. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  12. Jun 2007

    • 28 Jun · Meeting

      Notice of Extra Ordinary General Meeting of the Company scheduled to be held on Ju1y 14, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 13 Jun · Meeting

      Board of Directors of the Company at their meeting held on June 11, 2007 approved the following: Convening of Extraordinary General Meeting (EGM) of Shareholders on July 14, 2007 to approve a) Increase in Authorised Capital from Rs.12 Crores to Rs.15 Crores; b) Alteration of relevant Capital clauses of Memorandum of Association and Articles of Association of the Company for the increase in Authorised capital; c) Approve raising of additional equity capital under section 81 (1A) of the Companies Act, 1956 and authorization to the Board to offer, issue and allot upto maximum of 23,93,600 Equity Shares (face value Rs.10/-) of the Company as follows: i) Bodies Corporate in Promoter group ie- PAC's and nominees - 22,00,000, ii) Individuals in non-promoter category including NRI's - 193,600 by way of placement on preferential allotment basis and subject to the pricing guidelines as issued by the Securities and Exchange Board of India (SEBI) and other applicable regulations / Guidelines in this regard.
    • 12 Jun · Business

      Board of Directors recommended a final total dividend of 7.5% (Rs. 0.75 per equity share) - payable subject to approval of shareholders at the ensuing AGM. Further, the Company has informed regarding a press release dated June 11, 2007, titled "Calsoft Declares Annual Results FY 2006-07; Consolidated Revenue at Rs.169 crores-Revenue Growth of 46%. Net Profit up by 69% Recommends 7.5% dividend on enhanced capital". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 4 Jun · Board meeting

      To consider and/ or approve interalia the following : (1) The audited financial results for the full financial year and also 4th quarter ended March 31, 2007 (standalone and consolidated). (2) To consider recommendation of dividend if any for the financial year ended March 31, 2007. (3) Considering proposals for the raising of additional funds/capital for the business of the company through various options including preferential allotment and to finalise other further steps as necessary in connection with the options decided upon.
  13. May 2007

    • 22 May · Business

      Press release dated May 22, 2007, titled "Calsoft to acquire majority stake in Aspire Communications". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  14. Apr 2007

    • 20 Apr · Results

      Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007.
    • 11 Apr · Business

      Press release dated April 10, 2007, titled "Calsoft teams up with Softex Incorporated to launch 'TheftGuard' Mobile Edition (ME) in India". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  15. Mar 2007

    • 30 Mar · Business

      Board of our Company has approved the allotment of 1,25,000 equity shares of Rs.10/- each at premium of Rs.80/- per share on preferential basis to Andorra Services Limited, Hong Kong, (Persons Acting In Concert-PAC), upon automatic conversion falling due on or before Mar 31st, 2007 of the 1st tranche of 11,25,000 Zero Percent FCD's (out of the 94,50,000 FCD's issued by the Board on Oct 30, 2006 vide approval received at the EGM held on Oct 16, 2006) The shares so allotted rank pari-passu with the existing equity shares of the company in all respects and will be locked in for period, as applicable per listing approvals to be applied for and received. Upon this allotment the Total issued share capital of the company stands increased to 9046406 shares of Face value Rs, 10/- each. The shareholding of Andorra services Ltd (PAC) post this allotment is 125000 shares- 1.38% (Nil holdings and zero percent prior to this allotment). Total shareholding of promoters & PAC (Promoter group) post this allotment is 33,39,759 shares - 36.92 % of equity capital (32,14,759 shares and 36.03% prior to this allotment).
    • 28 Mar · Business

      Press release, dated March 27, 2007, titled "Calsoft develops software for Smart Mobile TV." The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 13 Mar · Business

      Press release, dated March 13, 2007, titled "Calsoft in an alliance with Malata." The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  16. Feb 2007

    • 6 Feb · Business

      Disinvestment of part of equity holding in American HealthNet Inc., USA (AHN Inc.) by our wholly owned subsidiary CSWL Inc, USA. With this disinvestment, AHN Inc, will no longer form part of our Group and consolidated results w.e.f Q4 2006-07. A copy of press release in this regard dated February 06, 2007, titled "Calsoft reduces stake in American HealthNet" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  17. Jan 2007

    • 23 Jan · Board meeting

      Proceeding of Board Meeting held on January 23, 2007; "1. The Board based on the sanction given by the shareholders at the EGM held on Jan 9, 2007 and completion of all related formalities, approved the preferential allotment of a total of 5,5,556 equity shares of Rs.10/- each at a premium of Rs.80/- per equity share to the 3 individual allottees as approved in the EGM. (2) The Board approved a proposal and Scheme to proceed further with amalgamation of the Company's wholly owned subsidiary WebSpectrum Software Limited with itself subject to such further approvals as may be required from shareholders and Regulatory agencies such as stock Exchange,SEBI, Ministry of Company Affairs and the Hon ble High Court of Madras.