CALIFORNIA SOFTWARE CO.LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/07/2021 ,inter alia, to consider and approve a. To consider and approve Standalone and Consolidated financial results of the Company for the first Quarter ended June 30, 2021.
b. Board of Directors in Board Meeting shall also consider and discuss the following:
i. Increase in Authorized Share Capital of the Company upto Rupees 300 crores.
ii. Alteration to Article 4 of the Articles of Association
c. Explore the option of raising funds by issue of equity shares/ depository receipts and/or any other instruments and/or convertible securities including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) program, preferential allotment, Right issues or such other permissible mode or combinations.
d. Company has considered expansion of AI, IoT and Machine Learning projects for end-to-end ecommerce and POS, especially in B2B, B2C and also propose to implement business solutions for a minimum of 100 thousand small and medium retailers and wholesalers, globally.