Appointment of Secretarial Auditor
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VCU Data Management held a board meeting on July 21, 2025 with multiple decisions. Two directors resigned citing personal reasons: Mr. Shripal Bafna (Whole Time Director) effective June 23, 2025, and Ms. Payal Sharma (Non-Executive Non-Independent Director) effective June 18, 2025. Promoters Mr. Shripal Bafna and Mr. Sanjay Vardhan have applied to be reclassified from the 'promoter and promoter group' category to 'public' category shareholders, subject to exchange and shareholder approval. M/s Ankur Gandhi and Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and M/s Mistry Foresight Consulting was appointed as Internal Auditor for FY 2025-26. Mr. Nirbhay Singh was named Chairperson, the Nomination & Remuneration Committee was reconstituted, and a new corporate office in Ahmedabad, Gujarat was approved along with a change in the location for maintaining books of accounts.
The exit of a promoter director and the move to reclassify two members from promoter to public category is a significant ownership-structure change that may reduce promoter holding in the company. Combined with two board resignations, these changes suggest governance restructuring, which shareholders should watch closely as it could affect control and decision-making dynamics.