Intimation of Extract of Board Meeting for Reclassification of promoters from Promoter Category to Public Category
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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VCU Data Management's board, at a meeting on July 21, 2025, approved the reclassification of two promoter group members, Mr. Shripal Bafna (15,34,000 shares, 9.90%) and Mr. Sanjay Vardhan (13,55,100 shares, 8.74%), from the 'Promoter/Promoter Group' category to the 'Public Category', under SEBI Regulation 31A. Together they hold 28,89,100 shares (18.64% of the company). Both have confirmed they are not on the board, do not hold any key managerial position, and have no special rights or role in management. The reclassification still needs BSE's no-objection certificate and shareholder approval before it becomes effective.
If approved, the company's promoter group holding will reduce by nearly 18.64%, shifting these shares into the public float and potentially increasing free-float and liquidity. The actual shares are not being sold — it is only a reclassification of status — so there is no direct dilution or cash impact for existing shareholders.