VCU Data Management Limited Shareholders Approve Reclassification of Two Promoters

1 min read     Updated on 18 Nov 2025, 02:59 PM
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Suketu GScanX News Team
Overview

VCU Data Management Limited (BSE: 536672) announced shareholder approval for reclassifying Mr. Sanjay Vardhan and Mr. Shripal Bafna from 'Promoter and Promoter Group' to 'Public' category. The decision was made through a postal ballot, with results declared on November 14, 2025. The reclassification complies with SEBI's LODR Regulations. The company has submitted voting results and the Scrutinizer's Report to the Stock Exchange and made them available on their website.

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*this image is generated using AI for illustrative purposes only.

VCU Data Management Limited , a company listed on the Bombay Stock Exchange (BSE: 536672), has announced a significant change in its shareholding structure. The company's shareholders have approved the reclassification of two individuals from the "Promoter and Promoter Group" category to the "Public" category through a postal ballot.

Key Details of the Reclassification

Aspect Details
Individuals Reclassified Mr. Sanjay Vardhan and Mr. Shripal Bafna
Original Category Promoter and Promoter Group
New Category Public
Approval Method Postal Ballot (remote e-voting)
Results Declaration Date November 14, 2025
Scrutinizer's Report Date November 15, 2025

Regulatory Compliance

The reclassification process was conducted in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This regulation governs the reclassification of promoters as public shareholders.

Shareholder Approval and Reporting

The company reported that the resolutions for reclassification received approval with the requisite majority. In compliance with regulatory requirements, VCU Data Management Limited has:

  1. Submitted detailed voting results along with the Scrutinizer's Report to the Stock Exchange on November 15, 2025.
  2. Made the results available on the company's website at https://vcupack.in/ .
  3. Informed the BSE Limited about the shareholders' approval through an official intimation dated November 17, 2025.

This corporate action may have implications for the company's shareholding pattern and could potentially affect market perceptions. Investors and market participants are advised to consider this information in their assessment of VCU Data Management Limited.

For further details, stakeholders can refer to the company's official communications and regulatory filings.

Historical Stock Returns for VCU Data Management

1 Day5 Days1 Month6 Months1 Year5 Years
+2.52%+0.53%-0.35%-1.56%-5.01%+46.27%
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VCU Data Management Approves Reclassification of Two Members from Promoter to Public Category

2 min read     Updated on 15 Nov 2025, 07:06 PM
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Reviewed by
Naman SScanX News Team
Overview

VCU Data Management Limited, listed on BSE, has approved the reclassification of Mr. Sanjay Vardhan and Mr. Shripal Bafna from Promoter and Promoter Group to Public category. The decision was made through a postal ballot voting process, with resolutions effective from November 14, 2025. Both resolutions received overwhelming approval, with over 99% votes in favor. This reclassification alters the company's shareholding structure and ensures compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

VCU Data Management Limited , a company listed on the BSE, has announced a significant change in its shareholding structure. The company's members have approved the reclassification of two individuals, Mr. Sanjay Vardhan and Mr. Shripal Bafna, from the Promoter and Promoter Group category to the Public category.

Key Details of the Reclassification

  • Approval Method: The reclassification was approved through a postal ballot voting process.
  • Effective Date: The resolutions are deemed effective from November 14, 2025.
  • Regulatory Compliance: The reclassification is in accordance with SEBI regulations.

Voting Results

The company has disclosed the detailed voting results for both resolutions:

Resolution 1: Reclassification of Mr. Sanjay Vardhan

Category Votes in Favor Votes Against % in Favor % Against
Promoter and Promoter Group 1,534,000 0 100.00% 0.00%
Public Institutions 0 0 0.00% 0.00%
Public Non-Institutions 691,431 3,242 99.53% 0.47%
Total 2,225,431 3,242 99.85% 0.15%

Resolution 2: Reclassification of Mr. Shripal Bafna

Category Votes in Favor Votes Against % in Favor % Against
Promoter and Promoter Group 1,355,100 0 100.00% 0.00%
Public Institutions 0 0 0.00% 0.00%
Public Non-Institutions 691,431 3,242 99.53% 0.47%
Total 2,046,531 3,242 99.84% 0.16%

Implications of the Reclassification

This reclassification may have several implications for the company and its shareholders:

  1. Shareholding Structure: The move alters the company's shareholding pattern, potentially affecting the balance between promoter and public shareholding.

  2. Regulatory Compliance: The reclassification ensures compliance with SEBI regulations regarding promoter shareholding and public float requirements.

  3. Market Perception: The shift of these individuals to the public category may influence market perception of the company's ownership and control structure.

  4. Voting Power: The reclassification may impact the overall voting power distribution among shareholders.

It's important to note that this reclassification does not necessarily imply a change in the actual shareholding of these individuals, but rather a change in their categorization within the company's shareholding structure.

VCU Data Management Limited has complied with the necessary regulatory procedures, including obtaining shareholder approval through postal ballot and making appropriate disclosures to the stock exchanges. The company's management has not provided any specific reasons for this reclassification in the available information.

Investors and market participants are advised to consider this corporate action in their assessment of the company's ownership structure and governance practices.

Historical Stock Returns for VCU Data Management

1 Day5 Days1 Month6 Months1 Year5 Years
+2.52%+0.53%-0.35%-1.56%-5.01%+46.27%
VCU Data Management
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