Veranda Learning gets NCLT nod for commerce vertical demerger

Veranda Learning Solutions Limited announced that the National Company Law Tribunal (NCLT), Chennai Bench, has approved the Composite Scheme of Arrangement for the demerger of its Commerce vertical into J.K. Shah Commerce Education Limited (JSCEL). This move aligns with Veranda's strategy to create focused, independently managed businesses. JSCEL will house brands like J.K. Shah Classes, BB Virtuals, and Navkar Digital Institute, aiming for accelerated growth as a separately listed entity. The demerger is expected to unlock long-term value for shareholders. The company will announce the Record Date, share allotment, and listing timeline for JSCEL in due course.