Veranda Learning Solutions Limited — Board Meeting, 28-07-2025: Outcome of Board Meeting

Veranda Learning Solutions' board has approved key strategic moves. The company will acquire the remaining 24% stake in Veranda XL Learning Solutions (VXL) for ₹100 crore, making VXL a wholly-owned subsidiary. VXL, a CA/CS/CMA coaching firm, reported ₹127.93 crore turnover in FY25. The acquisition consideration involves issuing shares worth ~₹50 crore and paying ₹50 crore in cash. Additionally, the company will raise ₹50 crore via unlisted Non-Convertible Debentures. The board also gave in-principle approval to demerge its Commerce Vertical and form a new subsidiary for this restructuring. An Extra-Ordinary General Meeting is set for August 25, 2025, to seek shareholder approvals for these decisions.