Veranda Learning Solutions: Promoters Release Shares Encumbrance After Debentures Redemption

Veranda Learning Solutions Ltd. announced the release of encumbrance over shares held by promoters Kalpathi S. Aghoram, Kalpathi S. Ganesh, and Kalpathi S. Suresh. The encumbrance was due to an undertaking by the promoters to maintain a minimum shareholding of 26% of the paid-up equity share capital of VLS, following the redemption of Non-Convertible Debentures by Veranda Learning Solutions Limited and Veranda Race Learning Solutions Private Limited. The release of encumbrance affects 33.29% of the total diluted shares, or 3,18,69,650 shares.