Chennai, 24th September 2026: Veranda Learning Solutions Limited has announced that it has fixed October 6, 2026, as the Record Date for determining the shareholders eligible to receive equity shares of J.K. Shah Commerce Education Limited (JSCEL), pursuant to the Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal (NCLT), Chennai Bench-I.
J.K. Shah Commerce Education Limited will be led by Prof. J.K. Shah as Executive Director cum Chairman, providing strategic leadership as the company builds on its strong legacy and expands its presence in Commerce education.
Share Entitlement
As per the sanctioned Scheme:
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Eligible shareholders of Veranda Learning as on the Record Date will receive 1 equity share of J.K. Shah Commerce Education Limited for every 1 equity share held in Veranda Learning.
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The shares will be allotted without any additional payment by eligible shareholders, subject to the terms of the Scheme and applicable regulatory requirements.
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J.K. Shah Commerce Education Limited will subsequently pursue listing of its equity shares on BSE Limited and National Stock Exchange of India Limited, subject to applicable approvals and processes.
Commenting on the development, Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions Limited, said, “The fixing of the Record Date marks another important milestone in the demerger of our Commerce business. The creation of a focused, independently managed Commerce education company will enable greater agility, sharper execution and dedicated growth strategies, while allowing our shareholders to participate directly in its future growth.”
Prof. J.K. Shah, set to assume the role of Executive Director & Chairman, J.K. Shah Commerce Education Limited, said, “The creation of J.K. Shah Commerce Education Limited marks an important new chapter for our Commerce education businesses. It brings together established brands, academic expertise and a shared commitment to helping students build strong foundations for their professional journeys. As a focused Commerce education company, JSCEL will be able to deepen its academic offerings, strengthen its presence across markets and build on the trust that generations of students have placed in the J.K. Shah legacy.”
The demerger will bring Veranda Learning’s Commerce education businesses and brands, including J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce and Logic School of Management, under JSCEL. The focused structure is intended to provide the Commerce education business with greater operational independence and strategic focus, while enabling it to build on its established brands, academic capabilities and market presence.
