Demerger Details

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

Share Entitlement Structure

  • Eligible shareholders of Veranda Learning as on October 6, 2026 will receive 1 equity share of J.K. Shah Commerce Education Limited for every 1 equity share held in Veranda Learning
  • Shares will be allotted without any additional payment by eligible shareholders
  • The allotment is subject to the terms of the Scheme and applicable regulatory requirements

Future Listing Plans

J.K. Shah Commerce Education Limited will subsequently pursue listing of its equity shares on BSE Limited and National Stock Exchange of India Limited, subject to applicable approvals and processes.

Leadership Structure

J.K. Shah Commerce Education Limited will be led by Prof. J.K. Shah as Executive Director cum Chairman, providing strategic leadership for the company.

Business Scope of Demerged Entity

The demerger will bring Veranda Learning's Commerce education businesses and brands under JSCEL, including:

  • J.K. Shah Classes
  • BB Virtuals
  • Navkar Digital Institute
  • Tapasya College of Commerce
  • Logic School of Management

Strategic Rationale

According to Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions Limited: "The creation of a focused, independently managed Commerce education company will enable greater agility, sharper execution and dedicated growth strategies, while allowing our shareholders to participate directly in its future growth."

Prof. J.K. Shah added: "As a focused Commerce education company, JSCEL will be able to deepen its academic offerings, strengthen its presence across markets and build on the trust that generations of students have placed in the J.K. Shah legacy."

Additional Information

The press release contains forward-looking statements and includes a safe harbor statement noting that actual events may differ from these statements. The information is also available on the Company's website at https://www.verandalearning.com/web/index.php/stock-exchange-intimations.