Veranda Learning Solutions Limited

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has disclosed the creation of a pledge agreement for its holding in BB Publication Private Limited and Tapasya Educational Institutions Private Limited, as part of a security arrangement for the issuance of Non-Convertible Debentures (NCDs) by J.K. Shah Commerce Education Limited. The pledge is to secure the NCDs, comprising up to Rs. 143 Crores, and does not result in any change in ownership or management of the subsidiaries.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has announced the apportionment of cost of acquisition of equity shares of the company and J.K.Shah Commerce Education Limited pursuant to the Composite Scheme of Arrangement. The shareholders will apportion their total cost of acquisition in the ratio of 64.50% for Veranda Learning Solutions Limited and 35.50% for J.K.Shah Commerce Education Limited.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed about the allotment of 9,65,06,610 equity shares to its shareholders as per the Composite Scheme of Arrangement. JSCEL has ceased to be a wholly owned subsidiary of the Company.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018, confirming the details of securities dematerialized/rematerialized during the quarter ended September 30, 2026.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has announced the constitution of the Board of Directors of J.K. Shah Commerce Education Limited, a demerged entity, ahead of the October 6, 2026, Record Date for the demerger of its Commerce education vertical. The new Board will comprise eight directors, including Prof. J.K. Shah as Chairman & Managing Director and four independent directors with significant experience in finance, governance, and strategic management.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange regarding changes in the Board of Directors and Key Managerial Personnel (KMPs) of J.K. Shah Commerce Education Limited (JSCEL), a company involved in a Composite Scheme of Arrangement with Veranda Learning Solutions Limited.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange regarding the allotment of Non-Convertible Debentures (NCDs) by J.K. Shah Commerce Education Limited (JSCEL) as part of the Composite Scheme of Arrangement.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange regarding the resignation of Mr. Vivek Sapre as Chief Human Resources Officer of the company, effective September 28, 2026.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has allotted 11,000 Senior, Secured, Redeemable, Unrated and Unlisted Non-Convertible Debentures (NCDs) to Mr. Kalpathi S Aghoram, Mr. Kalpathi S Ganesh and Mr. Kalpathi S Suresh (Investors) on September 24, 2026, aggregating to Rs.110,00,00,000 (Rupees One Hundred and Ten Crores only). The proceeds of the issue are to be utilized by the company towards (i) closure of its existing loan facility from RBL Bank Limited, and (ii) general corporate purposes.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has fixed October 6, 2026 as the Record Date for determining the shareholders eligible to receive equity shares of J.K. Shah Commerce Education Limited, pursuant to the Composite Scheme of Arrangement sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench-I.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange that Record date for the purpose of Composite Scheme of Arrangement is 06-Oct-2026.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange regarding the approval of issuance of Senior, Secured, Redeemable, Unrated and Unlisted Non-Convertible Debentures (NCDs) by its wholly owned subsidiary, J.K. Shah Commerce Education Limited, aggregating to Rs.143,00,00,000. The proceeds will be utilized for repayment of existing loan facility and general corporate purposes.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the exchange about the execution of an unattested pledge agreement by its promoters with Authum Investment & Infrastructure Limited, creating a pledge over equity shares held by them as security for credit facilities.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed that the Regional Director, Southern Region, has approved the Scheme of Amalgamation involving Veranda IAS Learning Solutions Private Limited, Neyyar Academy Private Limited, and Veranda Race Learning Solutions Private Limited. The Amalgamation shall take effect from the Appointed Date as specified in the Scheme.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange regarding 'Intimation of Conversion of 1,55,763 Warrants into Equity Shares'. The company has allotted 1,55,763 equity shares to Goodday Enterprises LLP, a non-promoter category investor, upon conversion of warrants at an issue price of Rs. 321 per equity share, including a premium of Rs. 311 per equity share. The paid-up share capital of the company has increased to Rs. 96,50,66,100.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company, increasing its authorized share capital from INR 110,00,00,000 to INR 147,50,00,000.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has received the Certified True Copy of the order from the National Company Law Tribunal, Chennai Bench, sanctioning the Composite Scheme of Arrangement. The scheme involves the amalgamation of Veranda XL Learning Solutions Private Limited with Veranda Learning Solutions Limited and the demerger of the commerce business to J.K. Shah Commerce Education Limited. The effective date of the scheme is August 31, 2026, and the commerce business will be transferred to J.K. Shah Commerce Education Limited on September 1, 2026.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has announced that 6,23,054 convertible warrants issued under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 have lapsed and been forfeited due to non-payment of the balance 75% consideration within the stipulated timeline. The upfront subscription amount of Rs. 5,00,00,083.50 has been forfeited and will be retained by the company.

Veranda Learning Solutions Limited

Veranda Learning Solutions Limited has received NCLT approval for the demerger of its Commerce vertical into J.K. Shah Commerce Education Limited, paving the way for the latter's listing.