Veranda Learning Receives NCLT Approval for Commerce Vertical Demerger

Veranda Learning Solutions Limited announced that the National Company Law Tribunal (NCLT), Chennai Bench - I, has sanctioned the Composite Scheme of Arrangement for the demerger of the Company's Commerce vertical into J.K. Shah Commerce Education Limited (JSCEL), which will seek listing.

This demerger is a key step in Veranda's strategy to create focused, independently managed education businesses. Upon the Scheme becoming effective, JSCEL will consolidate leading brands in commerce education, including J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce, and Logic School of Management, under a single platform.

Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions Limited, stated that this demerger will enable the Commerce vertical to pursue its next phase of growth as an independent company and unlock significant long-term value for stakeholders. The company expects to complete the execution phase, including determining the Record Date, share allotment, and listing of JSCEL, within the prescribed statutory timelines.

Veranda Learning's Commerce vertical offers coaching for CA, CS, CMA, ACCA, CPA, and other finance and accounting qualifications through various learning models. The company will announce the Record Date, share entitlement, share allotment schedule, and listing timeline for J.K. Shah Commerce Education Limited through appropriate regulatory disclosures in due course.