California Software Co. Ltd. — Interim / Quarterly Report 2021

Apr 12, 2021

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California Software Company Limited

CIN: L72300TN1992PLC022135

Registered Office: Workflo, Greeta Towers, Industrial Estate, Perungudi, OMR Phase 1, Chennai 600096

Phone +91 044 3910 3620

Email: investor@calsoftgroup.com www.calsoftgroup.com/www.calsof.com

April 12, 2021

To

National Stock Exchange of India Limited BSE LIMITED Symbol – CALSOFT Exchange Plaza, 5thFloor, Plot No. C/1, G Block, DALAL STREET Bandra-Kurla Complex Bandra (East), Mumbai - 400 051

Security Code - 532386 PHIROZE JEEJEEBHOY TOWERS DALAL STREET MUMBAI-400001

---

Dear Sir/Madam,

Sub: Audited Financial Results for the quarter and Year ended 31[st] March 2021. Ref : Our letter dated 02.04.2021

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended, this is to inform you that the Board of Directors of the Company, at its meeting held today, i.e. Monday, April 12, 2021 has inter alia has approved/noted the following:-

1. Pursuant to the recommendations of the Audit Committee, the Board of Directors has approved the Audited Financials Results (Standalone and Consolidated) as per Indian Accounting Standards (IND AS) for the quarter and financial year ended 31[st] March 2021 and the statement of assets and liabilities as on 31[st] March 2021 (copy enclosed).

2. The Board took note of the Statutory Auditors’ Report on the Audited Financials Results (Standalone and Consolidated) of the Company for the quarter and financial year ended 31[st] March 2021. (Copy enclosed herewith). Declaration with respect to Audit Report with unmodified opinion to the Audited financial results (Standalone and Consolidated) for the financial year ended 31[st] March 2021 is also enclosed.

The Board meeting commenced at 04.00 P.M (IST) and concluded at 07.00 P.M (IST).

We request you to kindly take the above on record.

Thanking you, Yours truly For California Software Company Limited Dr Vasudevan Mahalingam Managing Director

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CHARTERED ACCOUNTANTS

N. BALASUBRAMANIAN ASSOCIATES

Auditor’s Report on Quarterly and Annual Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of

California Software Company Limited

We have audited the quarterly and annual financial results of California Software Company Limited for the quarter and year ended March 31, 2021 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These quarterly and annual financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the company’s management. Our responsibility is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) for Interim Financial Reporting, prescribed, under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

We draw your attention to the fact that the figures for the quarter ended March 31, 2021 and the corresponding quarter ended in the previous year as reported in the Statement are the balancing figures between audited figures in respect of the full financial year and the published year-todate figures up to the end of the third quarter of the current and previous financial year, respectively. Also, the figures up to the end of the third quarter of the respective financial year had only been reviewed and not subject to an audit.

OFFICE: NEW NO.50, MANTAPAM ROAD, KILPAUK, CHENNAI 600010. PHONE: 044-43548360 MAIL: balasubramanian@rediffmail.com MOBILE: 9444016789

N. BALASUBRAMANIAN ASSOCIATES CHARTERED ACCOUNTANTS

In our opinion and to the best of our information and according to the explanations given to us these quarterly and annual financial results:

• i. are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and

• ii. give a true and fair view of the net profit and other financial information for the quarter and year ended March 31, 2021.

For N. Balasubramanian Associates Chartered Accountants N. Balasubramanian Place: Chennai Partner Date: 12/04/2021 Membership No- 023445 UDIN: 21023445AAAAFF9336

OFFICE: NEW NO.50, MANTAPAM ROAD, KILPAUK, CHENNAI 600010. PHONE: 044-43548360 MAIL: balasubramanian@rediffmail.com MOBILE: 9444016789

California Software Company Limited

Audited Standalone Financial Results for the quarter and year ended March 31, 2021

		(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)
Particulars		Quarter ended			Year ended
		31st Mar'21	31st Dec'20	31st Mar'20	31st Mar'21	31st Mar'20
		Audited	Unaudited	Audited	Audited	Audited
Revenue from Operations		15.00	40.00	-	145.50	117.50
Other Income		-	-	16.84	-	16.84
Total Income		15.00	40.00	16.84	145.50	134.34
Expenses
Employee benefit expenses		6.54	11.90	10.37	40.12	34.19
Finance costs		-	-	-	-	-
Depreciation/Amortisation expenses		29.59	-	-	29.59	-
Other expenses		19.56	9.79	63.02	49.52	91.62
Total expenses		55.69	21.69	73.39	119.23	125.81
Profit before exceptional items and tax		-40.69	18.31	-56.55	26.27	8.53
Exceptional items		-	-	-	-	-
Profit before tax		-40.69	18.31	-56.55	26.27	8.53
Tax expenses
Current tax		-	4.76	-	3.07	2.22
Deferred tax		3.76	-	-	3.76	-
Profit for theperiod		-44.45	13.55	-56.55	19.44	6.31
Other Comprehensive Income
i	Items that will not be reclassified to Profit or Loss	-	-	-	-	-
ii	Income tax relatingto items that will not be reclassified to Profit or Loss	-	-	-	-	-
iii	Items that will be reclassified to Profit or Loss	-	-	-	-	-
iv	Income tax relatingto items that will be reclassified to Profit or Loss	-	-	-	-	-
Total Other Comprehensive Income (Net of Tax)		-	-	-	-	-
Total Comprehensive Income for theperiod		-44.45	13.55	-56.55	19.44	6.31
Earnings per Equity share (Face value- Rs. 10)
a)	Basic	-0.29	0.09	-0.46	0.13	0.05
b)	Diluted	-0.29	0.09	-0.46	0.13	0.05
Number of Shares
a)	Basic	154.57	154.57	123.65	154.57	123.65
b)	Diluted	154.57	154.57	123.65	154.57	123.65
EPS not annualized Notes:* 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 12/04/2021. 2. The Financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS”) prescribed under section 133 of the Companies Act, 2013, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3. The Company is engaged in primarily in the IT and Software development business and there are no separate reportable segments as per Ind AS 108 on "Operating Segments" and hence the Ind AS 108 is not applicable. 4. The figures of last quarter of current year and previous year are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures. 5. The figures for the corresponding previousperiod have been regrouped/reclassified wherever necessary,to make them comparable.
For N. Balasubramanian Associates For California Software Company Limited Chartered Accountants, F. No 0355S N. Balasubramanian Dr. Vasudevan Mahalingam V. Manimala Partner. M. No. 023445 Managing Director & CEO Director Place : Chennai;Date : 12/04/2021 DIN- 01608150 DIN- 01980557

• *EPS not annualized

Notes:

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 12/04/2021. 2. The Financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS”) prescribed under section 133 of the Companies Act, 2013, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. The Company is engaged in primarily in the IT and Software development business and there are no separate reportable segments as per Ind AS 108 on "Operating Segments" and hence the Ind AS 108 is not applicable.

3. The figures of last quarter of current year and previous year are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures.

4. The figures for the corresponding previous period have been regrouped/ reclassified wherever necessary, to make them comparable.

For N. Balasubramanian Associates For California Software Company Limited Chartered Accountants, F. No 0355S N. Balasubramanian Dr. Vasudevan Mahalingam V. Manimala Partner. M. No. 023445 Managing Director & CEO Director Place : Chennai ; Date : 12/04/2021 DIN- 01608150 DIN- 01980557

California Software Company Limited Standalone Balance sheet as on March 31, 2021	California Software Company Limited Standalone Balance sheet as on March 31, 2021	(Rs. in lakhs)	(Rs. in lakhs)
Particulars	Note no.	As at March 31, 2021	As at March 31, 2020
I. Assets 1. Non-current assets a) Property, plant and equipment b) Financial assets (i) Investments Total non-current assets 2. Current assets a) Inventories b) Financial assets (i) Trade receivables (ii) Cash and cash equivalents c) Other current assets Total current assets Total assets II. Equity and Liabilities Equity a) Equity share capital b) Other equity Total equity Liabilities 1. Non-current liabilities a) Deferred Tax Liabilities Total non-current liabilities 2. Current liabilities a) Financial liabilities (i) Borrowings (ii) Trade payables b) Other current liabilities Liabilities directly associated with assets classified as held for sale Total current liabilities Total liabilities Total equity and liabilities	1 2 3 4 5 6 7 8 9 10	549.63 311.38	1.14 311.38
		861.01 - 361.38 1.98 584.92	312.52 - 223.56 5.01 593.53
		948.28	822.10
		1,809.29	1,134.62
		1,545.71 -553.26	1,236.50 -263.49
		992.45 3.76	973.01 -
		3.76 169.97 601.98 41.13	- 117.15 24.33 20.13
		813.08	161.61
		816.84	161.61
		1,809.29	1,134.62
The accompanying notes form an integral part of these standalone financial statements As per our report of even date attached For N. Balasubramanian Associates For and on behalf of the Board of Directors Chartered Accountants, F. No 0355S N. Balasubramanian Partner. M. No. 023445 Dr. Vasudevan Mahalingam V. Manimala Place : Chennai;Date : 12/04/2021 ManagingDirector Director

Standalone Cash flow statement for the year ended March 31, 2021

California Software Company Limited

California Software Company Limited	California Software Company Limited	California Software Company Limited
Standalone Cash flow statement for theyear ended March 31, 2021 (Rs. in lakhs)
Particulars	Year ended March 31, 2021	Year ended March 31, 2020
Cash flow from operating activities Profit before tax Adjustments for: Depreciation and amortisation expense Operating profit before working capital changes Changes in working capital: Decrease/(Increase) in trade receivables Increase/(Decrease) in trade payables Increase/(Decrease) in Other current liabilities Decrease/(Increase) in Other current asssets Cash generated from operations Taxes Paid Net cash generated from operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash outflow from investing activities Cash flows from financing activities Proceeds from borrowings Dividend on OCRPS Net cash inflow from financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Cash and cash equivalents at end of theyear	26.27 29.59	8.53 -
	55.86 -137.82 577.65 21.00 8.62	8.53 -84.30 7.23 7.12 5.35
	469.45 3.07	-64.61 2.22
	522.23	-58.29
	-578.08	-
	-578.08	-
	52.82 -	61.80 -0.36
	52.82	61.44
	-3.03 5.01	3.15 1.86
	1.98	5.01
The accompanying notes form an integral part of these standalone financial statements As per our report of even date attached For N. Balasubramanian Associates For and on behalf of the Board of Directors Chartered Accountants, F. No 0355S N. Balasubramanian Partner. M. No. 023445 Dr. Vasudevan Mahalingam V. Manimala Place : Chennai;Date : 12/04/2021 ManagingDirector Director

The accompanying notes form an integral part of these standalone financial statements	The accompanying notes form an integral part of these standalone financial statements
As per our report of even date attached
For N. Balasubramanian Associates	For and on behalf of the Board of Directors
Chartered Accountants, F. No 0355S
N. Balasubramanian
Partner. M. No. 023445	Dr. Vasudevan Mahalingam	V. Manimala
Place : Chennai;Date : 12/04/2021	ManagingDirector	Director

N. BALASUBRAMANIAN ASSOCIATES CHARTERED ACCOUNTANTS

Auditor’s Report on the audit of the annual financial results of the group with the last quarter financial results being balancing figures Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of

California Software Company Limited

1. We have audited the accompanying Statement of Consolidated Financial Results of California Software Company Limited (“the Parent”) and its subsidiary (the Parent and its subsidiary together referred to as “the Group”) for the year ended March 31, 2021 (“the Statement”), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Parent’s Management and approved by the Parent’s Board of Directors, has been compiled from the related consolidated financial statements which has been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended (“Ind AS”), and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our audit of such consolidated financial statements.

3. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act 2013. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Parent’s preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the Parent’s internal financial control with reference to the Statement. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement.

OFFICE: NEW NO.50, MANTAPAM ROAD, KILPAUK, CHENNAI 600010. PHONE: 044-43548360 MAIL: balasubramanian@rediffmail.com MOBILE: 9444016789

N. BALASUBRAMANIAN ASSOCIATES CHARTERED ACCOUNTANTS

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

1. In our opinion and to the best of our information and according to the explanations given to us, the Statement:

2. a. includes the results of the following entities:

Sl. No.	Name of the Subsidiary
1	Aspire Communications Private Limited

• b. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and

• c. gives a true and fair view in conformity with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated total comprehensive income (comprising of net profit and other comprehensive income) and other financial information of the Group for the year ended March 31, 2021.

• The Statement includes the results for the quarter ended March 31, 2021 being the balancing figure between audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For N. Balasubramanian Associates Chartered Accountants N. Balasubramanian Place: Chennai Partner Date: 12/04/2021 Membership No- 023445 UDIN: 21023445AAAAFG1405

OFFICE: NEW NO.50, MANTAPAM ROAD, KILPAUK, CHENNAI 600010. PHONE: 044-43548360 MAIL: balasubramanian@rediffmail.com MOBILE: 9444016789

California Software Company Limited

Audited Consolidated Financial Results for the quarter and year ended March 31, 2021

		(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)	(Rs. in lakhs)
Particulars		Quarter ended			Year ended
		31st Mar'21	31st Dec'20	31st Mar'20	31st Mar'21	31st Mar'20
		Audited	Unaudited	Audited	Audited	Audited
Revenue from Operations		15.00	40.00	-	145.50	117.50
Other Income		-	-	16.84	-	16.84
Total Income		15.00	40.00	16.84	145.50	134.34
Expenses
Employee benefit expenses		6.54	11.90	10.37	40.12	34.19
Finance costs		-	-	-	-	-
Depreciation/Amortisation expenses		29.59	-	-	29.59	-
Other expenses		19.56	9.79	63.02	49.52	91.62
Total expenses		55.69	21.69	73.39	119.23	125.81
Profit before exceptional items and tax		-40.69	18.31	-56.56	26.27	8.52
Exceptional items		-	-	-	-	-
Profit before tax		-40.69	18.31	-56.56	26.27	8.52
Tax expenses
Current tax		-	4.76	-	3.07	2.22
Deferred tax		3.76	-	-	3.76	-
Profit for theperiod		-44.45	13.55	-56.56	19.44	6.31
Other Comprehensive Income
i.	Items that will not be reclassified to Profit or Loss	-	-	-	-	-
ii.	Income tax relatingto items that will not be reclassified to Profit or Loss	-	-	-	-	-
iii.	Items that will be reclassified to Profit or Loss	-	-	-	-	-
iv.	Income tax relatingto items that will be reclassified to Profit or Loss	-	-	-	-	-
Total Other Comprehensive Income (Net of Tax)		-	-	-	-	-
Total Comprehensive Income for theperiod		-44.45	13.55	-56.56	19.44	6.31
Net Profit attributable to:
a)	Owners of the company	-44.45	13.55	-56.56	19.44	6.31
b)	Non-controllinginterest	-	-	-	-	-
Other Comprehensive Income attributable to:
a)	Owners of the company	-	-	-	-	-
b)	Non-controllinginterest	-	-	-	-	-
Total Comprehensive Income attributable to:
a)	Owners of the company	-44.45	13.55	-56.56	19.44	6.31
b)	Non-controllinginterest	-	-	-	-	-
**Earnings per Equity share (Face value- Rs. 10) ***
a)	Basic	-0.29	0.09	-0.46	0.13	0.05
b)	Diluted	-0.29	0.09	-0.46	0.13	0.05
Number of Shares
a)	Basic	154.57	154.57	123.65	154.57	123.65
b)	Diluted	154.57	154.57	123.65	154.57	123.65
EPS not annualized Notes:* Standalone Results of the Company: 4. The figures of last quarter of current year and previous year are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures. 5. The figures for the corresponding previous period have been regrouped/ reclassified wherever necessary, to make them comparable. 3. The Company is engaged in primarily in the IT and Software development business and there are no separate reportable segments as per Ind AS 108 on "Operating Segments" and hence the Ind AS 108 is not applicable. 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 12/04/2021 2. The Financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS”) prescribed under section 133 of the Companies Act, 2013, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI
		(Rs. in lakhs)
Particulars		Quarter ended			Year ended
		31st Mar'21	31st Dec'20	31st Mar'20	31st Mar'21	31st Mar'20
		Audited	Unaudited	Audited	Audited	Audited
Total Income		15.00	40.00	16.84	145.50	134.34
Net Profit/(loss)before tax expenses		-40.69	18.31	-56.56	26.27	8.52
Net Profit/(loss)for theperiod/year		-44.45	13.55	-56.56	19.44	6.31
Total Comprehensive Income for theperiod/year		-44.45	13.55	-56.56	19.44	6.31
For N. Balasubramanian Associates Chartered Accountants, F. No 0355S N. Balasubramanian Partner. M. No. 023445 Place : Chennai;Date : 12/04/2021		For California Software Company Limited Mahalingam Vasudevan V. Manimala Managing Director & CEO Director DIN- 01608150 DIN- 01980557

*EPS not annualized

Notes:

1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 12/04/2021

2. The Financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ("Ind AS”) prescribed under section 133 of the Companies Act, 2013, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI

3. The Company is engaged in primarily in the IT and Software development business and there are no separate reportable segments as per Ind AS 108 on "Operating Segments" and hence the Ind AS 108 is not applicable.

4. The figures of last quarter of current year and previous year are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures.

5. The figures for the corresponding previous period have been regrouped/ reclassified wherever necessary, to make them comparable.

Standalone Results of the Company:

							(Rs. in lakhs)
		Quarter ended				Year ended
Particulars	31st Mar'21		31st Dec'20	31st Mar'20		31st Mar'21	31st Mar'20
	Audited		Unaudited	Audited		Audited	Audited
Total Income	15.00		40.00	16.84		145.50	134.34
Net Profit/(loss)before tax expenses	-40.69		18.31	-56.56		26.27	8.52
Net Profit/(loss)for theperiod/year	-44.45		13.55	-56.56		19.44	6.31
Total Comprehensive Income for theperiod/year	-44.45		13.55	-56.56		19.44	6.31
For N. Balasubramanian Associates	For California	Software Company Limited
Chartered Accountants, F. No 0355S
N. Balasubramanian	Mahalingam Vasudevan			V. Manimala
Partner. M. No. 023445	Managing Director & CEO			Director
Place : Chennai;Date : 12/04/2021	DIN- 01608150			DIN- 01980557

California Software Company Limited Consolidated Balance sheet as on March 31, 2021

Particulars	Note no.	As at March 31, 2021	As at March 31, 2020
I. Assets 1. Non-current assets a) Property, plant and equipment b) Deferred tax assets Total non-current assets 2. Current assets a) Inventories b) Financial assets (i) Trade receivables (ii) Cash and cash equivalents c) Other current assets Total current assets Total assets II. Equity and Liabilities Equity a) Equity share capital b) Other equity Total equity Liabilities 1. Non-current liabilities a) Deferred Tax Liabilities Total non-current liabilities 2. Current liabilities a) Financial liabilities (i) Borrowings (ii) Trade payables b) Other current liabilities Liabilities directly associated with assets classified as held for sale Total current liabilities Total liabilities Total equity and liabilities	1 2 3 4 5 6 7 8 9	549.63 -	1.14 -
		549.63 - 361.38 3.10 584.43	1.14 - 223.56 6.13 593.05
		948.91	822.74
		1,498.54	823.87
		1,545.71 -865.05	1,236.50 -575.28
		680.66 3.76	661.22 -
		3.76 169.97 601.98 42.18	- 117.15 24.33 21.18
		814.12	162.65
		817.88	162.65
		1,498.54	823.87
The accompanying notes form an integral part of these standalone financial statements As per our report of even date attached For N. Balasubramanian Associates For and on behalf of the Board of Directors Chartered Accountants, F. No 0355S N. Balasubramanian Partner. M. No. 023445 Dr. Vasudevan Mahalingam V. Manimala Place : Chennai;Date : 12/04/2021 ManagingDirector Director

California Software Company Limited

Consolidated Cash flow statement for the year ended March 31, 2021

Particulars	Year ended March 31, 2021	Year ended March 31, 2020
Cash flow from operating activities Profit before tax Adjustments for: Depreciation and amortisation expense Operating profit before working capital changes Changes in working capital: Decrease/(Increase) in trade receivables Increase/(Decrease) in trade payables Increase/(Decrease) in Other current liabilities Decrease/(Increase) in Other current asssets Cash generated from operations Taxes Paid Net cash generated from operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash outflow from investing activities Cash flows from financing activities Proceeds from borrowings Dividend on OCRPS Net cash inflow from financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Cash and cash equivalents at end of theyear	26.27 29.59	8.52 -
	55.86 -137.82 577.65 21.00 8.62	8.52 -84.30 7.23 7.12 5.35
	469.45 3.07	-64.61 2.22
	522.23	-58.30
	-578.08	-
	-578.08	-
	52.82 -	61.80 -0.36
	52.82 -3.03 6.13	61.44 3.14 2.99
	3.10	6.13
The accompanying notes form an integral part of these standalone financial statements As per our report of even date attached For N. Balasubramanian Associates For and on behalf of the Board of Directors Chartered Accountants, F. No 0355S N. Balasubramanian Partner. M. No. 023445 Dr. Vasudevan Mahalingam V. Manimala Place : Chennai;Date : 12/04/2021 ManagingDirector Director

The accompanying notes form an integral part of these standalone financial statements As per our report of even date attached For N. Balasubramanian Associates For and on behalf of the Board of Directors Chartered Accountants, F. No 0355S N. Balasubramanian Partner. M. No. 023445 Dr. Vasudevan Mahalingam V. Manimala Place : Chennai ; Date : 12/04/2021 Managing Director Director

==> picture [113 x 71] intentionally omitted <==

California Software Company Limited

CIN: L72300TN1992PLC022135

Registered Office: Workflo, Greeta Towers, Industrial Estate, Perungudi, OMR Phase 1, Chennai 600096

Phone +91 044 3910 3620

Email: investor@calsoftgroup.com www.calsoftgroup.com/www.calsof.com

April 12, 2021

To

Exchange Plaza, 5thFloor, Plot No. C/1, G Block, Bandra-Kurla Complex Bandra (East), Mumbai - 400 051

PHIROZE JEEJEEBHOY TOWERS DALAL STREET MUMBAI-400001

---

Dear Sir/Madam,

Sub: Declaration with respect to Audit Report with unmodified opinion to the Audited Financial Results for the Financial Year ended 31[st] March 2021.

We hereby declare that, the Audit Report issued by our Statutory Auditors M/s. N Balasubramanian Associates on the Audited Financial Results of the Company for the Financial Year ended 31[st] March 2021 is unmodified.

The above declaration is made pursuant to the regulation 33 (3) (d) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you, Yours truly

For California Software Company Limited

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Dr Vasudevan Mahalingam Managing Director

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