Disclosure under Regulation 30 read with Regulation 30A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
VERANDA · price
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Veranda Learning Solutions has disclosed that its three promoters — Kalpathi S Aghoram, Kalpathi S Ganesh, and Kalpathi S Suresh — executed two share pledge deeds on February 27, 2026. The first pledge covers 30 lakh equity shares (minimum value of INR 50 crores) in favour of SBICAP Trustee Company on behalf of City Union Bank, securing a credit facility availed by the company. The second pledge covers shares worth at least INR 62.50 crores in favour of RBL Bank, securing a facility taken by its wholly owned subsidiary Veranda XL Learning Solutions. The company clarified that VLS is only a 'confirming party' to the City Union Bank pledge and not a party to the RBL Bank pledge.
The pledge does not immediately affect management or control, but if the promoters default and the lenders enforce the pledge, it could change the shareholding pattern of the company. Investors should note that promoters are pledging their shares as collateral for fresh borrowings, which signals incremental debt and some financial leverage risk for the promoter group.