We wish to inform that the company has received request from Promoter - Mr. Shripal Bafna for Reclassification from promoter category to public category under Reg 31(A) of SEBI (LODR) Regulations, ....
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Mr. Shripal Bafna, a promoter of VCU Data Management Ltd, has formally requested the board to reclassify his shareholding from the promoter category to the public category under Regulation 31A of SEBI's LODR rules. He currently holds 15,34,000 equity shares and has certified that, along with persons acting in concert, he holds less than 10% of total voting rights in the company. He has confirmed he does not exercise control, has no special rights, no board or KMP role, and is not classified as a willful defaulter or fugitive economic offender. The reclassification, if approved, will shift his shares out of the promoter group and into the public shareholding, subject to board, shareholder (if required), and stock exchange approvals.
This move would reduce the company's promoter group holding and increase the public category shareholding, changing the disclosed promoter/public ratio. It signals the individual has distanced himself from operations, though it does not affect the underlying economic ownership of shares already held.