Veranda Learning announces JSCEL Board ahead of demerger
Veranda Learning Solutions Ltd announced the constitution of the Board of Directors for J.K. Shah Commerce Education Limited (JSCEL). This move precedes the October 6, 2026, Record Date for the demerger of Veranda's Commerce education vertical. JSCEL will consolidate key brands like J.K. Shah Classes and Navkar Digital Institute. The eight-member board includes Prof. J.K. Shah as Chairman & Managing Director, Ms. Pooja Jinit Dharia and Mr. Vishal Shah as Whole-time Directors, and four Independent Directors, including former RBI Deputy Governor and SEBI Chairman Mr. Devendra Raj Mehta. CA Kalpesh J. Mehta will serve as CFO. Eligible Veranda Learning shareholders on the Record Date will receive JSCEL equity shares, and JSCEL plans to list on BSE and NSE.
Key Highlights
- Veranda Learning constituted the Board for J.K. Shah Commerce Education Limited (JSCEL).
- This is ahead of the October 6, 2026, demerger Record Date for the Commerce vertical.
- JSCEL's 8-member board includes Prof. J.K. Shah as CMD and four Independent Directors.
- JSCEL will consolidate key commerce education brands under one platform.
- JSCEL plans to list its equity shares on BSE and NSE post-demerger.
Price Impact
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