Shareholders approve demerger of commerce vertical into J.K.Shah Commerce Education

Veranda Learning's equity shareholders have approved the Composite Scheme of Arrangement at an NCLT-directed meeting, voting via remote e-voting. The scheme demerges the company's commerce vertical into a separate entity, J.K.Shah Commerce Education Limited, to enable it to operate independently. The move aims to simplify the group structure, sharpen strategic focus, and potentially lead to a separate listing of the commerce entity. With shareholder approval secured, the scheme will now proceed to final NCLT sanction and other regulatory clearances.