Veranda Learning Solutions Limited has appointed Suresh Surana & Associates LLP as its statutory auditor for a five-year term following the conclusion of the previous auditor's tenure. The board also approved the re-appointment of Mr. Kalpathi S Suresh as Chairman & Managing Director for a period of three years commencing October 28, 2026. These decisions were taken during a board meeting held on May 30, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The appointment of Suresh Surana & Associates LLP, subject to shareholder approval, will be effective from the conclusion of the 8th Annual General Meeting and will continue until the conclusion of the 13th AGM. This change follows the completion of the five-year term of the former statutory auditor, Deloitte Haskins & Sells, in accordance with the Companies Act, 2013. The new firm is registered with the Institute of Chartered Accountants of India and holds a valid peer review certificate.

Mr. Kalpathi S Suresh's re-appointment as Chairman & Managing Director is also subject to the approval of the company's members. He has been associated with the company since October 28, 2021, and brings over two decades of experience in business strategy and management. The board approved this re-appointment based on the recommendations of the Nomination and Remuneration Committee.

In a separate strategic move, the board approved the transfer of Mr. Aditya Malik, Chief Operating Officer, to SNVA Veranda Limited, an associate company. This transfer is aimed at strengthening the vocational education vertical under SNVA Veranda Limited. Consequently, Mr. Aditya Malik will cease to be the Chief Operating Officer and Senior Management Personnel of Veranda Learning Solutions Limited with effect from May 31, 2026.

The board meeting commenced at 9.30 A.M. and concluded at 11.30 A.M. on May 30, 2026. The detailed disclosures regarding the auditor appointment, senior management transfer, and CMD re-appointment were submitted as Annexure A, Annexure B, and Annexure C respectively, in compliance with SEBI circulars.

Veranda Learning Solutions Limited has approved the grant of 12,000 Employee Stock Options (ESOPs) to eligible employees of the company and its subsidiaries. The decision was made by the Nomination Remuneration Committee during its meeting held on Thursday, May 21, 2026. The options have been issued under the Veranda Learning Solutions Limited Employees Stock Option Plan, 2022.

Details of the Grant

The ESOPs have been specifically granted to employees forming part of the Strategic Team. Each option is exercisable into one fully paid-up equity share with a face value of ₹10. The pricing formula for the exercise of these stock options has been fixed at ₹68.50 per Equity Share.

Vesting and Exercise Schedule

The options granted come with a structured vesting period. The vesting will not occur earlier than one year from the date of grant and will not extend later than four years from the same date. Once the options are vested, employees will have a maximum period of six years from the date of vesting to exercise them.

The scheme is compliant with the SEBI (Share Based Employee Benefits) Regulations, 2021. The total number of shares covered by these options is limited to 12,000, matching the number of options granted.