NSEDisclosure under SEBI Takeover Regulations22h ago · 21 Sept 2026, 06:35 pm
Disclosure under SEBI Takeover Regulations
California Software Company Limited · CALSOFT
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Dr. Vasudevan Mahalingam, the promoter and MD of California Software Company Limited, has pledged 75,00,000 equity shares, representing 12.48% of the company's total voting capital, to an unknown party.
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Dr. Vasudevan Mahalingam has submitted to the Exchange a copy of Disclosure Under Regulation 31(1) and (2) of SEBI (SAST) Regulations, 2011.
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Date: September 21st, 2026
From
Mahalingam Vasudevan
39, Avia Enclave, Balakrishna Street,
Nanmangalam, Chennai – 600117
1. BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai- 400001
2. National Stock Exchange of India Limited
Exchange Plaza, 5th Floor,
Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051
3. CALIFORNIA SOFTWARE COMPANY LIMITED
Workflo, Greeta Towers,Industrial Estate,Perungudi OMR Phase 1,Chennai-
600096,Chennai, Chennai, Tamil Nadu, India, 600096.
Dear Sir,
Sub: Disclosure under Regulation 31 (1) and (2) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Please find attached herewith a disclosure made under regulation 31 (1) and (2) of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 regarding
encumbrance of shares by way of pledge of 75,00,000 (Seventy Five Lakhs only) Equity
Shares of Promoter Dr, Mahalingam Vasudevan, Managing Director and CEO of M/s
CALIFORNIA SOFTWARE COMPANY LIMITED
Thanking you
Yours faithfully
Authorised Signatory
Dr. Vasudevan Mahalingam
Promoter
Format for disclosures under Regulation 31(1) and(2) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Name of the Target Company (TC) CALIFORNIA SOFTWARE COMPANY LIMITED
Name(s) of the acquirer and Persons Acting
DR MAHALINGAM VASUDEVAN
in Concert (PAC) with the acquirer
Whether the acquirer belongs to
Promoter/Promoter group
Name(s) of the Stock Exchange(s) where the BSE LIMITED
shares of TC are Listed NSE LIMITED
% w.r.t. total % w.r.t. total
share/voting diluted
Details of the acquisition / disposal as follows Number capital share/voting
wherever capital of the
applicable(*) TC (**)
Before the acquisition under
consideration, holding of :
38496620 62.26% 62.26%
a) Shares carrying voting rights
b) Shares in the nature of encumbrance
(pledge/ lien/ non-disposal
undertaking/ others)
c) Voting rights (VR) otherwise than by
shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify
holding in each category)
e) Total (a+b+c+d)
Details of sale
a) Shares carrying voting rights sold
b) VRs sold otherwise than by shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
acquired/sold
d) Shares encumbered /
75,00,000 12.48% 12.48%
invoked/released by the acquirer
75,00,000 12.48% 12.48%
e) Total (a+b+c+/-d)
After the acquisition/sale, holding of:
3,09,96,620 49.79% 49.79%
a) Shares carrying voting rights
b) Shares encumbered with the acquirer
c) VRs otherwise than by shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category) after
acquisition
e) Total (a+b+c+d)
Mode of sale (e.g. open market / off-market /
public issue / rights issue / preferential OFF-MARKET (PLEDGE)
allotment / inter-se transfer etc).
Date of sale of shares / VR or date of receipt
of intimation of allotment of shares, 18.09.2026
whichever is applicable
Equity share capital / total voting capital of 62247124 Equity shares of Rs. 10/- each
the TC before the said acquisition / sale Equity Share Capital – Rs. 33,58,55,200/-
Equity share capital/ total voting capital of 62247124 Equity shares of Rs. 10/- each
the TC after the said acquisition / sale Equity Share Capital – Rs. 33,58,55,200/-
Total diluted share/voting capital of the TC 62247124 Equity shares of Rs. 10/- each
after the said acquisition Equity Share Capital – Rs. 33,58,55,200/-
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company
to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full
conversion of the outstanding convertible securities/warrants into equity shares of the TC.
Signature of the seller / Authorized Signatory
MAHALINGAM VASUDEVAN
Place: Chennai
Date: 21.09.2026
******