Veranda Learning Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/05/2025 ,inter alia, to consider and approve issuance of equity ....
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Veranda Learning Solutions has informed the stock exchanges that its Board of Directors will meet on May 17, 2025, to consider raising capital by issuing equity shares or other eligible securities. The company is exploring multiple options including private placement, qualified institutions placement (QIP), preferential issue, or a combination of these methods, subject to regulatory approvals. Members' approval will be sought at an upcoming Extraordinary General Meeting (EGM) for this proposal. The trading window for insiders remains closed and will reopen 48 hours after the declaration of Q4 and FY25 audited results.
This is a preliminary intimation — no decision has been made yet on the size, price, or method of fundraising. If the board approves a fundraising exercise on May 17, it could lead to equity dilution for existing shareholders, but the specific impact depends on the eventual size and pricing of the issue.