Veranda XL Learning Solutions Secures ₹125 Crore Facility from RBL Bank
Veranda XL Learning Solutions, a subsidiary of Veranda Learning Solutions, secured a ₹125 Crore facility from RBL Bank. The facility includes overdraft and term loans. Security involves corporate guarantees, asset hypothecation, and a proposed promoter share pledge of ₹62.50 Crores.
The amount is substantial for a subsidiary and will likely support its growth, but it is not a direct financial event for the parent company yet, with the promoter pledge being a key factor.
The company has secured significant debt funding which will help in its expansion and working capital needs.
Veranda XL Learning Solutions Private Limited (“VXL”), a wholly-owned subsidiary of Veranda Learning Solutions Limited (“VLS”), has entered into a facility agreement with RBL Bank Limited for availing credit facilities aggregating to ₹125 Crores.
The sanctioned facilities include an Overdraft of ₹2 Crores, Term Loan - 1 of ₹87 Crores, Term Loan - 2 of ₹25 Crores, and a Working Capital Term Loan of ₹11 Crores.
As security, VXL will provide corporate guarantees and hypothecation of current and movable fixed assets of its subsidiaries, B.B. Virtuals Private Limited, Tapasya Educational Institutions Private Limited, and Navkar Digital Institute Private Limited, initially for ₹40 Crores each, to be enhanced to ₹125 Crores each within 45 days of disbursement. Additionally, VXL will hypothecate its current and movable fixed assets. The promoters of Veranda Learning Solutions Limited also propose to pledge shares held by them in VLS, aggregating to ₹62.50 Crores, in favor of RBL Bank Limited. The pledge agreement has not yet been executed, and further disclosures will be made upon its execution.
The agreement was executed on February 25, 2026, and VLS received intimation on February 26, 2026. VLS holds 100% equity shares in VXL. RBL Bank Limited is not a related party to VLS.
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Veranda Learning Solutions Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Veranda Learning Solutions Limited. Read the original for the full detail.