International Data Management Limited (IDM) has announced a change in its shareholding structure following a postal ballot. The company's shareholders have approved the reclassification of Apollo Trading and Finance Private Limited from the 'Promoter' category to the 'Public' category.

Voting Details

The resolution for reclassification was passed through a postal ballot process. Here's a breakdown of the voting results:

The remote e-voting period ran from October 10 to November 8, with 17,116 shareholders eligible to vote as of the cut-off date of October 3.

Regulatory Compliance

This reclassification is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prior to the shareholder vote, BSE Limited had granted a no-objection for this reclassification in September.

Implications

The reclassification of Apollo Trading and Finance Private Limited from 'Promoter' to 'Public' category may have implications for the company's shareholding structure and could potentially affect future corporate actions and disclosures.

Transparency and Disclosure

In line with regulatory requirements, International Data Management Limited has:

• Uploaded the voting results and scrutinizer's report on the company's website
• Submitted the results to BSE Limited
• Published public notices in widely circulated newspapers (Financial Express in English and Veer Arjun in Hindi)

This reclassification marks a change in IDM's ownership structure, reflecting the company's adherence to regulatory standards in corporate governance.

International Data Management Limited (IDM) has received approval from the Bombay Stock Exchange (BSE) to reclassify Apollo Trading and Finance Private Limited from the 'Promoter' category to the 'Public' category. This development marks a significant change in the company's shareholding structure.

Reclassification Details

Apollo Trading and Finance Private Limited currently holds 38,220 equity shares, representing a 1.74% stake in International Data Management Limited. The reclassification process began when IDM submitted an application to the BSE on May 31, 2025. After careful consideration, the BSE granted its no-objection through a letter dated September 12, 2025.

Official Confirmation

In a filing to the BSE on September 15, 2025, International Data Management Limited's Company Secretary & Compliance Officer, Pradeep Tahiliani, confirmed the receipt of the BSE's no-objection letter. The communication stated:

"BSE Limited vide letter bearing no. LIST/COMP/DN/437/2025-26 dated 12 September, 2025 has granted No-objection for reclassification of Apollo Trading and Finance Private Limited, from 'Promoter Category' to 'Public Category'."

Regulatory Compliance

The reclassification process follows the guidelines set forth under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This regulation outlines the procedures and requirements for the reclassification of promoter shareholding in listed entities.

Impact and Implications

While the reclassification does not alter Apollo Trading's shareholding percentage, it does change the categorization of their stake in the company. This move could potentially impact the overall promoter holding in International Data Management Limited and may have implications for the company's governance structure and public float.

Investors and market participants are advised to take note of this change in the company's shareholding pattern. As always, it is recommended to consider such corporate actions in the context of overall investment strategies and to conduct thorough research before making investment decisions.