Announced Wed, 7 Oct, 2026 · 16:55 IST
VLS demerger: 9.65 cr JSCEL shares allotted to shareholders at 1:1 ratio
VERANDA · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹31.20
prior close
₹32.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+1.7+1.7+1.7——————————
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AI summary
J.K. Shah Commerce Education Ltd (JSCEL) allotted 9,65,06,610 equity shares (face value Rs 10) to Veranda Learning shareholders at a 1:1 ratio under the composite scheme of arrangement. Record date was October 6, 2026. JSCEL, formerly a wholly owned subsidiary of VLS, had its pre-scheme capital of 1,000 shares cancelled and has ceased to be a VLS subsidiary. JSCEL will now seek BSE and NSE listing; allotted shares will remain frozen till listing approval is granted.
Likely market impact
VLS shareholders now also hold JSCEL shares. JSCEL shares stay frozen until BSE/NSE grant listing permission. Watch for listing date and trading start.