Veranda Learning Solutions Limited

Main Body

Key Details:

  • Date of Agreement: September 21, 2026
  • Parties Involved:
  • Pledgors: Mr. Kalpathi S. Aghoram (Promoter cum Non-Executive Director & Vice Chairman), Mr. Kalpathi S. Ganesh (Promoter cum Non-Executive Director), Mr. Kalpathi S. Suresh (Promoter cum Executive Director & Chairman)
  • Lender: Authum Investment & Infrastructure Limited (significant shareholder holding 10.8% of paid-up equity share capital as on September 18, 2026)
  • Financial Details: Credit facilities of ₹111 crores (Rupees One Hundred and Eleven Crores only) availed by the Promoters in their personal capacity
  • Security: Creation of first-ranking and exclusive pledge over certain equity shares of Veranda Learning Solutions Limited held by the Promoters
  • Relationship: Authum Investment is a 'related party' under Regulation 2(1)(zb) of the SEBI Listing Regulations read with Section 2(76) of the Companies Act, 2013

Significant Terms: The Unattested Pledge Agreement creates a first-ranking and exclusive pledge in favour of the Lender over certain equity shares of VLS held by the Promoters as security for the credit facilities. The agreement contains customary provisions relating to maintenance of the agreed security cover, including an obligation on the pledgors to provide additional security and/or undertake other remedial measures in accordance with the transaction documents in the event of a shortfall in the required security cover.

Impact on Management/Control: The execution of the Unattested Pledge Agreement does not, by itself, have any impact on the management or control of the Company. However, invocation or enforcement of the pledge by the Lender upon the occurrence of events specified in the relevant transaction documents may have a consequential impact on the shareholding pattern of the Company.

Additional Information:

  • The Company is not a party to the said Unattested Pledge Agreement
  • Neither VLS nor promoters of the Company hold shares in Authum Investment & Infrastructure Limited
  • Date of occurrence of event: September 22, 2026
  • Time of occurrence: 5.44 P.M (I.S.T)
  • The information is hosted on the company website: https://www.verandalearning.com/web/index.php/stock-exchange-intimations

Other Key Announcements

No other material announcements disclosed in this filing.