Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015, the Board of directors considered & approved the necessary change in management & reconstitution of Committees w.e.f. 13/05/2025.
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At a board meeting on May 13, 2025, VCU Data Management approved its audited financial results for Q4 and full year ended March 31, 2025, with a clean (unmodified) audit opinion. Two directors stepped down: Managing Director Ms. Harsha Singh resigned from the MD role (she will continue on the board as a Non-Executive Director subject to shareholder approval), and Independent Director Mr. Jayesh Patel resigned due to pre-occupancy. To fill the gaps, the board appointed Mr. Nirbhay Singh as a new Non-Executive Independent Director (5-year term) and Mr. Sanjay Joshi as Additional Executive Director, who is set to be elevated to Managing Director subject to shareholder approval. The Audit, Nomination & Remuneration, and Stakeholder Relationship committees were also reconstituted, and the board approved adding 'agro activities' to the company's main business objects, subject to shareholder and regulatory clearances.
This is a significant leadership reshuffle — the outgoing MD is staying on as a non-executive director, suggesting an orderly succession rather than a sudden exit. The incoming MD brings finance and accounting experience, which may strengthen financial oversight. The proposed move into agro activities signals a potential diversification of the business, which shareholders will need to evaluate once details are shared.