Intimation of Extract of Board Meeting Minutes for Reclassification from Promoter Category to Public Category
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VCU Data Management's board, at its meeting on September 19, 2025, approved the reclassification request of Mr. Shripal Bafna from the 'Promoter/Promoter Group' category to the 'Public' category. Mr. Bafna holds 15,34,000 equity shares, representing 9.90% of the company's share capital. He has confirmed he is not on the board, holds no key managerial position, does not participate in management, and has no special rights or shareholder agreements. The reclassification still requires a no-objection certificate (NOC) from BSE and approval from the company's shareholders under Regulation 31A of SEBI's Listing Regulations. No shares are being sold or transferred — this is purely a change in shareholding category classification.
Once approved by BSE and shareholders, the promoter group's effective shareholding will reduce by 9.90%, while the public shareholding category will increase correspondingly. The share price impact is expected to be minimal since no actual share transfer is taking place, but the move signals that this stakeholder no longer has any management influence or promoter-level obligations in the company.