The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 03, 2026 for Kalpathi S Aghoram, ....
VERANDA · price
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Awaiting price reaction for this filing.
The three promoter directors of Veranda Learning Solutions — Kalpathi S. Aghoram, Kalpathi S. Ganesh, and Kalpathi S. Suresh — have disclosed the full release of encumbrance over their shares. A total of 3,18,69,650 shares, representing 33.29% of the company's paid-up share capital, have been released from pledge. This release follows the complete redemption of Non-Convertible Debentures issued by Veranda Learning Solutions and its subsidiary VRACE, with Catalyst Trusteeship Limited issuing a No-Objection Certificate confirming the release. Post-event, the promoters hold 0 encumbered shares, down from 33.29% previously. The earlier obligation to maintain a minimum 26% shareholding in the company, which was treated as an encumbrance, has also been extinguished.
This is a positive development for shareholders — it eliminates the risk of forced share sales linked to the pledged 33.29% stake and signals that the company has successfully redeemed its NCD obligations. Promoter holdings are now fully unencumbered, which generally improves confidence in the stock.