Addendum to the Notice of the 7th Annual General Meeting of the Members scheduled to be held on Monday, September 29, 2025
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Veranda Learning Solutions has issued an addendum to its 7th AGM notice, informing shareholders about the Board's approval (September 25, 2025) to sell its entire Vocational Education vertical to SNVA Edutech Limited. The vertical includes three subsidiaries: Brain4ce Education Solutions (wholly owned), Veranda Management Learning Solutions (wholly owned), and Six Phrase Edutech (step-down subsidiary). The total deal value is Rs. 390.11 Crores, to be paid entirely through equity shares of SNVA. Post-transaction, Veranda and its subsidiary Veranda Administrative Learning Solutions will collectively hold a 50% stake in SNVA. The deal is subject to shareholder approval at the AGM on September 29, 2025.
Shareholders are being asked to approve a major restructuring where Veranda exits its vocational education business but takes a 50% ownership in SNVA, effectively swapping a subsidiary for a large stake in a listed/unlisted education company. This could reshape the company's business profile and may have material implications for valuation and future earnings.