Pursuant to Regulation 31A (8) of SEBI LODR Regulations, 2015 Intimation of submission of Application to BSE for Promoters Reclassification from Promoters Category to Public Category
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Two members of the promoter group of VCU Data Management Ltd, Mr. Shripal Bafna and Mr. Sanjay Vardhan, have requested to be reclassified from the 'Promoter Group' to the 'Public' category of shareholders. The Board of Directors approved this reclassification in its meeting held on July 21, 2025. The Company filed the formal application with BSE on July 25, 2025 under Regulation 31A of the SEBI Listing Regulations. The reclassification is subject to final approval from BSE. No shareholding percentages or transaction values were disclosed in this filing.
If approved, the promoter shareholding of VCU Data Management will reduce as these two individuals move to the public category, which could affect how the stock is perceived in terms of promoter control. The reclassification itself does not involve any sale of shares but may signal that these individuals no longer play an active role in the company's management.