VCU Data Management Limited has announced its unaudited financial results for the quarter ended June 30, 2020, along with several key board decisions. The company's performance reflects the challenges posed by the COVID-19 pandemic during the pre and post lockdown period.

Financial Performance

For the quarter ended June 30, 2020, VCU Data Management reported:

These figures are on a standalone basis and indicate that the company managed to maintain profitability despite the challenging economic conditions.

Board Decisions and Management Changes

The board of VCU Data Management has approved several important decisions:

Reappointment of Key Directors

• Mr. Shripal Bafna has been reappointed as Managing Director for a term of 5 years.
• Mrs. Renuka Bafna has been reappointed as Whole Time Director, also for a 5-year term.
• Both reappointments are effective from September 29, 2020, subject to shareholder approval.

Change of Registered Office

The company has shifted its registered office to: 301, Rajdeep Building, Tara Temple Lane, Lamington Road, Mumbai.

Impact of COVID-19

VCU Data Management acknowledged that its revenues and earnings were impacted during the pre and post lockdown period due to the COVID-19 pandemic. However, the company has taken proactive steps to assess its financial position:

• The management has evaluated the company's liquidity position.
• Future cash flow projections have been analyzed based on current economic indicators.

These assessments are crucial for navigating the uncertain economic landscape created by the pandemic.

Outlook

While the company faces challenges due to the ongoing global health crisis, the reappointment of key directors suggests a focus on maintaining leadership stability. The board's decision to retain Mr. Shripal Bafna and Mrs. Renuka Bafna in their respective roles for extended terms may indicate confidence in the current management's ability to guide the company through these turbulent times.

VCU Data Management's ability to generate revenue and maintain profitability, albeit at modest levels, during a quarter heavily impacted by COVID-19 restrictions, demonstrates some resilience in its business model. However, the company will likely continue to face headwinds as the economic effects of the pandemic persist.

VCU Data Management Limited , a company listed on the Bombay Stock Exchange (BSE: 536672), has announced the withdrawal of an application for reclassification of Mr. Shripal Kantilal Bafna from the 'Promoter/Promoter Group' category to the 'Public' category. This development comes after careful consideration by Mr. Bafna, who currently holds 15,34,000 shares in the company.

Background

On June 24, 2025, VCU Data Management had submitted an application to the stock exchanges for the reclassification of certain individuals from the promoter category to the public category. This application included requests for both Mr. Shripal Kantilal Bafna and Mr. Sanjay Vardhan.

Withdrawal Details

According to the company's latest communication to the BSE:

• Mr. Shripal Kantilal Bafna has formally requested to withdraw his application for reclassification.
• The company has asked the stock exchange not to process Mr. Bafna's reclassification application.
• VCU Data Management has requested that the separate reclassification application for Mr. Sanjay Vardhan should continue to be processed.

Official Statement

In a letter dated August 26, 2025, Mr. Sanjay Manharlal Joshi, the Managing Director of VCU Data Management Limited, stated:

"We would like to inform you that Mr. Shripal Kantilal Bafna, holding 15,34,000 shares in the Company, a member of the Promoter group, has submitted a request to withdraw his application for reclassification from the promoter category to the public category."

Implications

The withdrawal of Mr. Bafna's reclassification application means that he will continue to be categorized under the 'Promoter/Promoter Group' for VCU Data Management Limited. This decision does not affect the ongoing reclassification process for Mr. Sanjay Vardhan, which the company has confirmed will proceed as planned.

Next Steps

VCU Data Management has requested the BSE to acknowledge the withdrawal and update their records accordingly. The company will continue with the reclassification process for Mr. Sanjay Vardhan as originally intended.

Investors and stakeholders of VCU Data Management Limited should take note of this change in the company's promoter reclassification plans. As always, any decisions regarding investments should be made based on comprehensive analysis and individual financial goals.