Intimation of Approval of case of Reclassification of Mr. Shripal Bafna from the Promoter Category to the Public Category
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
VCU Data Management Ltd has received a No-Objection Certificate from BSE for reclassifying Mr. Shripal Bafna from the Promoter Group to the Public Category under Regulation 31A of SEBI (LODR) Regulations, 2015. The reclassification is still subject to approval from the company's members at a general meeting. Once approved, Mr. Bafna will no longer be part of the Promoter and Promoter Group. The filing was signed by Managing Director Sanjay Manharlal Joshi on October 10, 2025.
This move reduces the size of the promoter group by removing one member, though it does not change the actual shareholding of Mr. Bafna. Shareholders may see this as a signal of weakening promoter control or a personal decision by the individual to exit promoter status. Final effect depends on member approval at the upcoming meeting.