Veranda Learning Solutions: Composite Scheme of Arrangement Disclosure

Veranda Learning Solutions Ltd (VLS) has issued a disclosure regarding the Composite Scheme of Arrangement involving VLS, Veranda XL Learning Solutions Private Limited (VXLS), and J.K.Shah Commerce Education Limited (JSCEL). The scheme, sanctioned by the National Company Law Tribunal (NCLT) and effective from August 31, 2026, involved the demerger of VLS's Commerce Business to JSCEL. JSCEL allotted 9,65,06,610 equity shares of Rs.10 each to VLS shareholders on October 6, 2026, at a 1:1 ratio. The disclosure provides guidance on apportioning the cost of acquisition for VLS and JSCEL shares, with 64.50% allocated to VLS and 35.50% to JSCEL.