We wish to inform you that the company has received request from promoter - Mr. Sanjay Vardhan for Reclassification from Promoter Category to Public Category under Reg 31(A) of SEBI LODR ....
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Mr. Sanjay Vardhan, a promoter of VCU Data Management Ltd, has applied to the Board to be reclassified from the 'Promoter' category to the 'Public' category of shareholders. He currently holds 13,55,100 equity shares and has declared that he does not hold more than 10% of the total voting rights, does not exercise control over the company, is not on the board, is not a KMP, and is neither a willful defaulter nor a fugitive economic offender. He has undertaken to comply with SEBI's reclassification conditions for at least three years after approval. The reclassification now needs approval from the Board, members (if required), and the Stock Exchange.
If approved, this reduces the declared promoter group and shifts those shares into the public shareholding category. Retail investors should note this is a governance/classification change, not a stake sale, so there is no immediate supply pressure on the stock.