Please find attached clarification letter as to query regarding late submission of proceedings of AGM held on September 27, 2025
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 held its 13th Annual General Meeting on September 27, 2025, via video conferencing, and has now submitted the proceedings to BSE after a slight delay. The company attributed the delay to inadvertent technical issues while uploading on the BSE portal and assured better compliance going forward. At the AGM, shareholders approved key items including the appointment of Mr. Sanjay Joshi as Managing Director, regularization of Mr. Nirbhay Singh and Mrs. Harsha Singh as Directors, appointment of a new Secretarial Auditor, an increase in borrowing limits, and an amendment to the Object Clause of the MOA. The Chairperson noted FY25 total income of ₹138.55 lakh, a net loss of ₹20.72 lakh, and equity of ₹997.28 lakh, while flagging plans to diversify into data analytics, AI-driven solutions, and cloud platforms.
The delay is a minor compliance lapse with no material business consequence, but repeated instances could draw regulatory scrutiny. The expansion of borrowing limits and planned diversification into AI and cloud services signal the company's intent to grow, though investors should note the company is currently loss-making.