Pursuant to Reg 30 of SEBI(LODR) Regulations 2015, we hereby clarify that we missed out to intimate that Mr. Jayesh Patel had tendered his resignation as Non Executive Independent Director ....
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Awaiting price reaction for this filing.
VCU Data Management Ltd has filed a clarification on BSE stating that Mr. Jayesh Patel has resigned from his position as Non-Executive Independent Director on the company's board. The company admits it 'missed out to intimate' this resignation earlier, meaning it failed to make a timely disclosure as required under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. The filing is being made now to correct that lapse. No reason for the resignation or details on a replacement director have been mentioned in this brief update.
This is a negative signal for shareholders because a delayed disclosure of a board-level resignation reflects weak compliance and governance practices. Investors should watch for any follow-up announcements on board reconstitution and review the company's overall track record on timely disclosures.