Thanks Dave, for confirming
"do it out of hours if you are doing it for a lot of resources". - Sorry, my bad, I would have added some more detail when I said - "If we change from calendar A to calendar B (both being same - workdays / non-workdays wise), would it have any major impact ?"
We would want to update the Standard calendar as Standard, instead of Calendar A - from Administration > Base Calendars
Right now, Calendar A is marked as standard, and there is no difference in Calendar A and the Standard calendar
NJ