StockWatch
·
E-Learning
Merger21 Aug 2026, 07:50 pm

Veranda Learning Solutions Scheme of Arrangement Sanctioned by NCLT

AI Summary

Veranda Learning Solutions Ltd announced that the National Company Law Tribunal (NCLT), Chennai Bench, has sanctioned the Composite Scheme of Arrangement. This scheme involves Veranda Learning Solutions Limited (Demerged/Amalgamated Company), Veranda XL Learning Solutions Private Limited (Amalgamating Company), and J.K. Shah Commerce Education Limited (Resulting Company). The order was pronounced on August 20, 2026, and an e-copy was uploaded on the NCLT website on August 21, 2026. The company will now proceed with necessary steps to implement the scheme.

Key Highlights

  • NCLT Chennai sanctions Composite Scheme of Arrangement.
  • Scheme involves Veranda Learning, Veranda XL, and J.K. Shah Commerce.
  • Order dated August 20, 2026, uploaded August 21, 2026.
  • Company to take consequential steps for implementation.