Veranda Learning Solutions Limited has converted 1,55,763 warrants into equity shares through a preferential allotment to Goodday Enterprises LLP, a non-promoter category entity.
Key Quantitative Figures
- Number of warrants converted: 1,55,763 (One Lakh Fifty-Five Thousand Seven Hundred and Sixty-Three)
- Number of equity shares allotted: 1,55,763 fully paid-up equity shares
- Issue price per share: ₹321 (Rupees Three Hundred and Twenty-One Only)
- Premium per share: ₹311 (Rupees Three Hundred and Eleven Only)
- Face value per share: ₹10
- Amount received for conversion: ₹3,74,99,942.25 (75% of issue price at ₹240.75 per warrant)
- Previous payment made: ₹1,24,99,980.75 (25% of issue price paid on March 03, 2025)
- Total consideration: ₹4,99,99,923 (100% of issue price)
Dates of Action
- Warrant allotment date: March 03, 2025
- Conversion approval date: September 04, 2026 (Allotment Committee meeting held 4:30 PM to 5:00 PM)
Parties Involved
- Issuing Company: Veranda Learning Solutions Limited
- Allottee: Goodday Enterprises LLP (Non-Promoter Category)
- Regulatory Bodies: BSE Limited, National Stock Exchange of India Limited
- Committee: Allotment Committee of the Company
Capital Structure Impact
Pre-conversion share capital:
- 9,63,50,847 equity shares of ₹10 each
- Aggregate value: ₹96,35,08,470
Post-conversion share capital:
- 9,65,06,610 equity shares of ₹10 each
- Aggregate value: ₹96,50,66,100
Increase in paid-up capital: ₹15,57,630
Shareholding Pattern Change
Goodday Enterprises LLP holding:
- Pre-conversion: 4,71,233 equity shares (0.49%)
- Post-conversion: 6,26,996 equity shares (0.65%)
Additional Details
- The equity shares rank pari-passu with existing equity shares
- Shares will be listed on BSE and NSE upon receipt of listing and trading approvals
- The information is hosted on company website: https://www.verandalearning.com/web/index.php/stock-exchange-intimations