California Software seeks EGM approval for allotment of 555,556 shares

California Software Company Ltd has announced that the Board of Directors of the Company at its meeting held on December 12, 2006 has approved to convene an Extraordinary General Meeting on January 09, 2007 for the approval of Preferential allotment of equity shares upto a maximum limit of 555,556 equity shares subject to due regulatory approvals and as per SEBI pricing guidelines; to three promoter shareholders of Inatech Infosolutions Pvt Ltd (IIPL), Bangalore. This is consequent to acquisition of majority stake in IIPL by the Company.

Source : Equity Bulls

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