Veranda Learning board approves composite scheme for restructuring

On September 11, 2025, the board of directors of Veranda Learning Solutions Limited approved a composite scheme of arrangement. This scheme includes the amalgamation of Veranda XL Learning Private Limited into Veranda Learning Solutions Limited, and the demerger of the Commerce Education Business Undertaking into J.K. Shah Commerce Education Limited. The rationale behind the amalgamation is to consolidate activities, achieve greater integration, and realize cost savings by reducing operational inflexibility and corporate filings.

The demerger of the Commerce Education Business, which generated a turnover of INR 195.31 Crores (41.48% of the total consolidated turnover for the year ended March 31, 2025), aims to create a separate listed entity to allow for sharper focus on the business, attract new investors, and unlock independent value. Shareholders of the Demerged Company will receive one equity share of INR 10/-, fully paid up, in the Resulting Company for every one equity share of INR 10/-, fully paid up, held in the Demerged Company. The Resulting Company, J.K. Shah Commerce Education Limited, is proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited.