Corporate Announcement
Security Code : 532386    Company : CALSOFT    
Outcome of Board Meeting 
  Exchange Disseminated Time     
California Software Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 17, 2012, has transacted the following:

1. It was decided by the Board to sell/transfer part/whole of the undertaking consisting of:

a. Land & Building and Other Assets of the Company

b. IT Business of the Company

c. Branch Offices of the Company

and to obtain approval of the shareholders through Postal Ballot

2. It was decided by the Board to sell the wholly owned subsidiaries of the Company.

The above decisions were taken in order help the Company with its restructuring plans.


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