Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
VERANDA · price
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Awaiting price reaction for this filing.
Veranda Learning Solutions has informed exchanges that its subsidiary, Veranda XL Learning Solutions Private Limited (VXL), has fully and prematurely redeemed all its senior, secured, redeemable, unlisted Non-Convertible Debentures. A total of 31,000 NCDs across 4 ISINs were redeemed on August 7, 2025, for an aggregate value of INR 310 Crores. The original maturity date was February 1, 2029, meaning the debt was cleared nearly 3.5 years ahead of schedule. After this redemption, the outstanding NCD amount is NIL, and the last interest payment was made on May 1, 2025 with no delays.
This is a positive signal for shareholders — the subsidiary has wiped out its entire NCD liability well before maturity, which reduces interest burden and improves the group's debt profile. Premature redemption of this size (₹310 Cr) may, however, involve some prepayment cost, but overall it strengthens the balance sheet.