At the meeting of the board of directors of California Software Company Ltd. held on December 23, 2017, the board of directors has: approved the appointment of Mr. Prashant Khattar, B.Tech, MBA as an Additional Director of the company. Mr. Prashant Khattar is Founder and Managing Director of Infinia Solutions and Services PTE Limited. Mr. Prashant Khattar has more than 15 years of professional experiences include Head of product development and affluent platforms across Asia Pacific, Middle East and Africa for MasterCard International, Head of retail products for Ahli Bank in Bahrain, Head of Cards for Gulf Bank in Kuwait and Head of Consumer Card products for American Express in India.

The board also approved the appointment of Ms. Keerti Saraswat, MBA as an Additional Director. Mrs. Keerti Saraswat is founder of Web Recital Solutions (WebRecSol). She has more than 10 years of experience in Online IT Ventures.

The board approved the Resignation of Mr. Fredrick Ivor Bendle, Mr. P.J. George and Ms. Vijayapriya Narayanan as Directors of the company. The board approved the Appointment of Dr. M. Vasudevan as Chief Executive Officer (CEO) of the Company.