Vantage Knowledge Academy Ltd has approved the incorporation of a wholly owned subsidiary in the United Kingdom to promote and expand its educational business activities. The Board of Directors, at its meeting held on July 18, 2026, authorized designated officials to complete necessary statutory and regulatory formalities for the new entity. Additionally, the Board approved a proposal to offer discounted coupons or vouchers to shareholders for the company's educational courses.

The meeting also resulted in significant changes to key managerial personnel. Ms. Neeta Rajesh Dedhia resigned from the position of Managing Director effective July 20, 2026, due to personal reasons. The Board accepted her resignation and placed on record its appreciation for her contributions. Mr. Rajesh Chapshi Dedhia, currently serving as Executive Director, was appointed as the Managing Director and Chairperson of the Board of Directors for a term of five years effective July 20, 2026. This appointment is subject to shareholder approval under the Companies Act, 2013 and SEBI regulations.

Change in Key Managerial Personnel

Ms. Neeta Rajesh Dedhia stepped down from her role effective the close of business hours on July 20, 2026. Mr. Rajesh Chapshi Dedhia will succeed her for a consecutive period of five years, commencing from the financial year 2026-27 until the conclusion of the annual general meeting for the financial year 2030-31. He is the spouse of Ms. Neeta Rajesh Dedhia.

Profile of New Managing Director

Mr. Rajesh Chapshi Dedhia brings over 25 years of experience in finance, accounts, auditing, taxation, risk management, and cross-border acquisitions. His expertise includes investor relations, cost control, business strategy, corporate governance, and secretarial compliances.

Board Decisions and Approvals

The Board deferred the agenda item relating to the reclassification of promoters to a subsequent meeting. The meeting commenced at 04.45 pm and concluded at 06.35 pm. Disclosures regarding the change in key managerial personnel were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vantage Knowledge Academy's board will meet on July 18, 2026, to consider forming a subsidiary in the United Kingdom to enhance its educational business activities. The meeting will also address the reclassification of promoters and potential changes in Key Managerial Personnel (KMP). Additionally, the board plans to approve the offering of discounted coupons or vouchers to shareholders for the company's educational services.

The board meeting, scheduled for Saturday, is convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. The agenda includes five key items, with the formation of the UK subsidiary being the primary focus to expand the company's operational footprint.

The reclassification of promoters will be considered subject to the provisions of the Companies Act, 2013, and relevant SEBI regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board will also evaluate appointments, resignations, or cessations regarding the company's KMP.

Shareholders may benefit from a proposal to offer discounted coupons or vouchers for availing educational services offered by the company. The board will approve the specific terms and conditions of this offering during the meeting. The agenda also includes a provision to consider any other business with the permission of the Chair.

Agenda Items