Veranda Learning shareholders approve demerger of Commerce Vertical

Veranda Learning Solutions, a listed education company, has announced that its equity shareholders have approved the Composite Scheme of Arrangement at a meeting convened pursuant to the directions of the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench.

The meeting was held via Video Conferencing/Other Audio Visual Means and the resolution was passed with the requisite statutory majority, reflecting strong shareholder support for the proposed restructuring.

The approved Scheme provides for the demerger of Veranda's commerce vertical into J.K.Shah Commerce Education Limited, enabling the business to operate as an independent, focused entity. The move is aimed at simplifying the group structure, sharpening strategic focus across verticals, and unlocking long-term value for shareholders, while also paving the way for a potential separate listing of the commerce entity.

Commenting on the development, Mr. Suresh Kalpathi, Chairman & Executive Director, Veranda Learning Solutions, said: "This is a key step in our strategy to build focused, high-growth education businesses. By creating an independent commerce entity, we are enabling sharper execution, greater agility, and sustained value creation for our shareholders."

Prof. J.K. Shah, Founder, J.K. Shah Classes, added: "This marks the beginning of a new phase for commerce education. As a dedicated entity, we are well positioned to scale, deepen academic excellence, and expand access to high-quality learning for students across the country."

The meeting was chaired by an NCLT-appointed Chairperson, with the voting process conducted through remote e-voting and e-voting during the meeting, ensuring transparent and broad-based shareholders participation through a fully digital format.

With shareholder approval now secured, the scheme will proceed to the next stage of regulatory approvals, including final sanction from the Hon'ble NCLT and other applicable authorities.

Shares of Veranda Learning Solutions Limited was last trading in BSE at Rs. 161.30 as compared to the previous close of Rs. 152.25. The total number of shares traded during the day was 18346 in over 285 trades.

The stock hit an intraday high of Rs. 163.90 and intraday low of 151.05. The net turnover during the day was Rs. 2933084.00.

Source : Equity Bulls

Keywords

VerandaLearningSolutions INE0IQ001011 ELearning SchemeofArrangement ShareholdersApproval