Veranda Learning Solutions Limited has submitted the Exchange a copy Srutinizers report of Court Convened General Meeting held on April 24, 2026. Further, the company has informed the Exchange regarding voting results.
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Veranda Learning Solutions Limited held a Court Convened Meeting on April 24, 2026, as directed by NCLT Chennai Bench, to seek shareholder approval for a Composite Scheme of Arrangement involving the company (as Amalgamated/Demerged Company), Veranda XL Learning Solutions Private Limited (Amalgamating Company), and J.K. Shah Commerce Education Limited (Resulting Company). The resolution was passed with overwhelming majority - 63.71 million votes (99.99%) in favor versus just 2 votes against, out of 63.71 million votes polled representing 66.25% of total outstanding shares. Promoter group showed 99.98% participation with 100% approval, while public shareholders also approved the scheme. The meeting was conducted via video conferencing with 42 shareholders attending online.
Shareholders have approved the restructuring scheme which will combine Veranda XL Learning Solutions and create a separate entity (J.K. Shah Commerce Education). This is a positive development signaling consolidation of the edtech group's business operations. The scheme now awaits final NCLT sanction before implementation.