Veranda Learning Solutions: JSCEL Allots 9.65 Cr Shares Post Scheme

Veranda Learning Solutions Ltd (VLS) announced that its subsidiary, J.K. Shah Commerce Education Limited (JSCEL), has allotted 9,65,06,610 equity shares to VLS shareholders as per the composite scheme of arrangement. This allotment follows the record date of October 06, 2026, with a share entitlement ratio of 1:1. Consequently, JSCEL is no longer a wholly-owned subsidiary of VLS, as its pre-scheme share capital held by VLS has been cancelled and reduced. JSCEL will now seek listing and trading permission for these shares from the stock exchanges.