VCU Data Management Limited, a company listed on the Bombay Stock Exchange (BSE: 535572), has announced a significant corporate action that could reshape its ownership structure. The company's Board of Directors has approved a postal ballot to seek shareholder approval for the reclassification of two individuals from the 'Promoter and Promoter Group' category to the 'Public' category.

Key Details of the Postal Ballot

The postal ballot process, which includes remote e-voting facilities, is scheduled to run from October 15, 2025, at 09:00 AM to November 14, 2025, at 05:00 PM. Here are the essential points:

• The reclassification proposal involves Mr. Sanjayvardhan and Mr. Shripal Bafna.
• VKM & Associates has been appointed as the scrutinizer to conduct the postal ballot process and e-voting.
• The process will be carried out in accordance with the Companies Act, 2013.

Background and Regulatory Compliance

This move follows the receipt of a No-objection Certificate from the BSE Limited for the reclassification under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. VCU Data Management had previously received this certificate on October 10, 2025, specifically for the reclassification of Mr. Shripal Bafna.

Implications of Reclassification

If approved by shareholders, this reclassification would alter the company's ownership structure:

• Mr. Sanjayvardhan and Mr. Shripal Bafna would no longer be categorized under 'Promoter and Promoter Group'.
• They would be reclassified under the 'Public' category.
• This change could potentially impact the company's governance and ownership dynamics.

Corporate Governance Perspective

The initiation of this postal ballot demonstrates VCU Data Management's commitment to corporate governance and transparency. By seeking shareholder approval for this reclassification, the company is adhering to regulatory requirements and ensuring that stakeholders have a say in significant changes to the company's ownership structure.

Investors and stakeholders of VCU Data Management Limited should closely monitor this development, as the outcome of the postal ballot could have implications for the company's future direction and governance structure.

VCU Data Management Limited , a company listed on the Bombay Stock Exchange (BSE), has taken a significant step in reshaping its ownership structure. The company recently announced that it has received a No-objection Certificate (NOC) from BSE Limited for the reclassification of Mr. Shripal Bafna from the Promoter Group to the Public Category.

Key Details of the Reclassification

Implications and Process

The reclassification is a crucial corporate action that will alter the company's promoter structure. However, it's important to note that this change is not yet finalized. The reclassification is subject to shareholder approval, which will be sought in an upcoming members' meeting.

Regulatory Compliance

This move by VCU Data Management Limited is in line with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulation provides a framework for the reclassification of promoters as public shareholders under various circumstances.

Next Steps

1. Shareholder Meeting: The company will need to convene a meeting of its members to vote on the proposed reclassification.
2. Voting Process: Shareholders will have the opportunity to approve or reject the reclassification of Mr. Shripal Bafna.
3. Final Reclassification: If approved by the shareholders, Mr. Bafna will no longer be part of the Promoter and Promoter Group category.

Conclusion

This development represents a significant change in VCU Data Management's ownership structure. Investors and market participants will be keenly watching the outcome of the shareholder vote, as it could potentially impact the company's governance and ownership dynamics.

Stakeholders are advised to keep an eye on further announcements from the company regarding the date of the shareholder meeting and the subsequent results of the vote on this reclassification proposal.