Outcome of board meeting of California Software Company

Held on 07 October 2014

California Software Company announced that the Board of Directors of the Company at its meeting held on 07 October 2014, has approved the following:

1. Postal Ballot to seek the approval of the Members for the following:

i. Sale of Land and Building situated at #149, Tambaram Velachery Main Road, Pallikaranai, Chennai - 600 100.

ii. Sale and closure of business unit identified as the Dubai branch, of the Company situated at Dubai airport free zone, Dubai, UAE.

iii. Re-appointment of Bhavesh Rameshlal Chauhan as Managing Director for 2 years with effect from 14 August 2014.

2. Appointment of V. S. Sowrirajan, Practising Company Secretary as Scrutinizer for conducting postal ballot.

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