Chennai: Veranda Learning Solutions Limited, a listed education company offering end-to-end learning solutions, has received observation letter with “no adverse observations” from National Stock Exchange of India Limited and BSE Limited in relation to the Commerce Vertical demerger Scheme. Following receipt of the letter, Veranda Learning has filed the scheme with the National Company Law Tribunal (NCLT), Chennai.
The proposed scheme provides for the demerger of Veranda Learning’s Commerce Education business into a newly incorporated entity, J.K. Shah Commerce Education Limited, in compliance with applicable provisions of the Companies Act, 2013 and SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015.
J.K. Shah Commerce Education Limited will be the platform for all present and future operations of Veranda Learning’s commerce vertical, consolidating its brands J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce and Logic School of Management. The entity will offer CA, CS, CMA and ACCA test preparation across India and overseas, backed by strong enrolments and proven outcomes, including students securing the top three All India Ranks in the CA Final September 2025 examinations, and producing 141 CA
All-India Rankers in the May 2025 examinations, including AIRs 1, 2 and 3 in CA Finals.
The proposed demerger is aimed at creating a focused, standalone listed commerce education platform with sharper strategic and operational focus, independent capital allocation aligned to sector-specific requirements, and improved valuation transparency, with the objective of unlocking long-term value for shareholders. Prof. J.K. Shah will serve as its chairman, ensuring leadership continuity and long-term strategic alignment.
Suresh Kalpathi, Executive Director and Chairman, Veranda Learning, said, “The filing of the scheme with the NCLT marks an important milestone in the demerger process. This move reflects our strategy of building focused education platforms supported by strong governance, transparency, and sustainable value creation.”
Prof. J.K. Shah, Founder, J.K. Shah Classes, added, “With the scheme now filed, we are closer to establishing a dedicated commerce education platform that can scale efficiently while continuing to uphold high academic and governance standards.”
With the scheme filed before the NCLT, the commerce vertical demerger is progressing as planned and remains subject to shareholder and other statutory approvals, in line with applicable regulatory requirements.
Safe Harbour
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