The Regional Director, Southern Region, approved the Scheme of Amalgamation involving three wholly-owned subsidiaries of Veranda Learning Solutions Limited on September 18, 2026.
The amalgamation is between Veranda IAS Learning Solutions Private Limited (Transferor Company 1), Neyyar Academy Private Limited (Transferor Company 2), and Veranda Race Learning Solutions Private Limited (Transferee Company).
Neyyar Academy Private Limited is identified as a stepdown subsidiary of Veranda Learning Solutions Limited and wholly owned subsidiary of the Transferee Company.
Effective Date and Implementation
The amalgamation shall take effect from the Appointed Date as specified in the Scheme.
Effectiveness is contingent upon filing of the certified copy of the Regional Director's order with the Registrar of Companies in e-Form INC-28.
Upon filing with ROC, Transferor Company 1 and Transferor Company 2 shall stand dissolved without being wound up.
Additional Clarification
The company explicitly states that this Scheme of Amalgamation is not related to and is distinct from the Scheme of Demerger relating to the Commerce vertical of the Company, which was previously disclosed.
Timeline and Communication
Date of occurrence of event: September 18, 2026
Time of occurrence of event: 5:44 PM IST
This disclosure follows an earlier intimation dated March 12, 2026
The information is available on the Company's website at https://www.verandalearning.com/web/index.php/stock-exchange-intimations
