Veranda Learning Solutions Limited — Others, 02-08-2025: Shareholders meeting

Veranda Learning Solutions has announced an Extra-Ordinary General Meeting on August 25, 2025. A key proposal involves a preferential issue of 20,16,124 shares at Rs. 248 each, totaling approximately Rs. 50 Cr, to acquire a 12% stake in Veranda XL Learning Solutions (VXL) from Jitendra Kantilal Shah. This share swap aims to conserve cash and move the company closer to 100% ownership of VXL. Additionally, shareholders will vote on various material related-party transactions, including new NCDs, a separate approximately Rs. 50 Cr cash acquisition for another 12% VXL stake, and inter-company loans amounting to over Rs. 700 Cr for working capital and debt repayment across its entities.