Veranda Learning Solutions Limited — Investor Meet, 19-09-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Veranda Learning is demerging its Commerce business into a new listed entity, J.K. Shah Commerce Education Limited (JKSC), aiming for distinct growth and value unlocking. Existing shareholders will receive 1 JKSC share for every Veranda share. JKSC will be debt-free and projects 22-25% revenue growth for FY26, with profitability crossing ₹140 Cr. Veranda will retain its ₹125-130 Cr debt, expected to be refinanced in 3-4 months. Management foresees 35-40% industry growth in commerce and plans asset-light expansion for non-commerce verticals, including K-12 and vocational training, leveraging AI and strong market positions.