Veranda Learning: Shareholders Approve Commerce Vertical Demerger

Veranda Learning Solutions' shareholders have approved the demerger of its commerce vertical into J.K.Shah Commerce Education Limited. The demerger aims to simplify the group structure, sharpen strategic focus, and unlock long-term shareholder value, potentially leading to a separate listing of the commerce entity. The meeting, directed by the NCLT Chennai Bench, was held via video conferencing, with the resolution passed by the required statutory majority. The scheme now awaits final sanction from the NCLT and other regulatory bodies.