The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 26, 2026 for Kalpathi Aghoram & Others
VERANDA · price
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The three promoters of Veranda Learning Solutions — Kalpathi S. Aghoram, Kalpathi S. Ganesh, and Kalpathi S. Suresh — have created a fresh pledge over their equity shares on March 20, 2026, disclosed to the exchanges on March 26, 2026. Each promoter pledged 5,00,000 shares (0.52% of capital) in favour of RBL Bank as security for a loan to wholly-owned subsidiary Veranda XL Learning Solutions Pvt Ltd, and another 3,00,000 shares (0.31%) in favour of City Union Bank (via SBICAP Trustee) for facilities availed by the parent company. Post this pledge, total promoter-encumbered shares rise to 99 lakh shares (10.34% of total share capital) from the earlier 75 lakh (7.83%). Total promoter holding remains unchanged at 3,18,69,650 shares (33.29% of capital).
This is a routine financing action where promoters are pledging their own shares to backstop loans taken by the company and its subsidiary — ownership is not diluted. However, the encumbered portion of promoter holdings has increased meaningfully, which investors should monitor; a sharp rise in pledged shares can become a concern if the company's financials weaken.