Please find attached Notice of 13th AGM
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VCU Data Management has called its 13th AGM on 27th September 2025 at 12:30 PM via video conferencing, with remote e-voting open from 24–26 September 2025. Shareholders will vote on adopting the FY25 audited financials and on several special business items. A new statutory auditor, M/s. H. G. Sarvaiya & Co., is proposed for a 5-year term (audit fee of ₹2 lakh for FY25), replacing M/s. B. A. Bedawala & Co. whose term has ended. The company is also proposing to alter its object clause to add agro, agri and food products (spices, grains, oil seeds, vegetables, etc.), indicating a possible diversification away from its current data management business. Borrowing limits are being raised to ₹100 crore and investment/loan limits under Section 186 are also being raised to ₹100 crore. Director changes include the regularization of Mr. Nirbhay Singh as Independent Director and Mrs. Harsha Singh as Non-Executive Director (she resigned as Managing Director), while Mr. Sanjay Joshi is being appointed as Managing Director for 5 years.
The AGM notice signals potential business diversification into agro/food products and a significant expansion of borrowing and investment capacity (up to ₹100 crore each), which could hint at growth plans or future acquisitions. Management reshuffle with a new Managing Director and change in auditors are routine but worth tracking. Shareholders should review the borrowing and diversification resolutions carefully as they materially expand the company's operational scope.