Veranda Learning Solutions Limited — Others, 15-05-2025: Monitoring Agency Report

Veranda Learning Solutions Limited has announced a board meeting that included review of a Monitoring Agency Report on the use of proceeds from a preferential issue totaling INR 145.30 Cr. The company raised INR 60 Cr via equity shares and convertible warrants to support growth initiatives, repay NCDs, and manage general corporate purposes. The report confirmed no deviation in fund utilization, with expenses and loans to subsidiaries aligned with stated objectives. This reinforces confidence in disciplined fund management and steady operational progress for shareholders.