Veranda Learning Solutions Limited — Important, 05-05-2025: Updates

Veranda Learning Solutions has announced a board meeting. The company paid Rs. 46,000 fines each to NSE and BSE for delayed shareholder approval on appointing an Independent Director over 75 years old. The Board contends shareholder approval was timely and views the fines as unwarranted. Recent regulatory changes now explicitly require prior approval for such appointments, but these were not in effect when the approval was obtained. The fines were paid under protest.