Veranda Learning Solutions Limited announced the constitution of the Board of Directors for its subsidiary, J.K. Shah Commerce Education Limited (JSCEL), ahead of the October 6, 2026, Record Date for the demerger of its Commerce education vertical.

The new board brings together academic legacy, governance expertise, and professional leadership to support JSCEL as a focused Commerce education platform. The entity will consolidate J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce, and Logic School of Management.

Board Leadership Changes

The Board of Directors and Shareholders of JSCEL approved several key appointments effective October 2026. Prof. Jitendra Kantilal Shah was designated as Chairman & Managing Director for a three-year term starting October 6, 2026. He is a Chartered Accountant with over four decades of experience in commerce education.

Two Whole-time Directors were also appointed for three-year terms effective October 5, 2026:

• Ms. Pooja Jinit Dharia: Chartered Accountant with experience in business strategy and operations.
• Mr. Vishal Jitendra Shah: Chartered Accountant with experience in business development and strategic planning.

Mr. Sreedhar Muppala was appointed as Non-Executive Non-Independent Director effective October 6, 2026.

Independent Director Appointments

To strengthen governance, four Non-Executive Independent Directors were appointed. Two were appointed for five-year terms, while two others received one-year terms:

Management and Resignations

Key managerial roles were filled to ensure operational continuity. Mr. Kalpesh J. Mehta, a Chartered Accountant with over 25 years of experience, was appointed Chief Financial Officer. Mr. Kailash S, a Company Secretary with experience at Veranda Learning Solutions, was appointed Company Secretary & Compliance Officer. Both appointments are effective October 6, 2026.

Concurrently, the Board noted the resignation of two Non-Executive Directors due to professional commitments:

• Mr. K Praveen Kumar (DIN 00591450)
• Mr. R Rangarajan (DIN 00591483)

Both resignations are effective from the close of business hours on October 6, 2026.

Demerger Context and Listing Plans

The Record Date for the demerger is October 6, 2026. Eligible shareholders of Veranda Learning as on this date will receive equity shares of JSCEL in accordance with the terms of the sanctioned Scheme of Arrangement. JSCEL will subsequently pursue listing of its equity shares on BSE Limited and National Stock Exchange of India Limited, subject to applicable approvals.

Mr. Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions, stated that the board constitution marks an important step for the Commerce business beginning its next chapter as a focused entity. Prof. J.K. Shah emphasized that JSCEL aims to build on its legacy and take Commerce education to a larger audience.

Veranda Learning Solutions Limited announced the resignation of Vivek Sapre from the position of Chief Human Resources Officer (CHRO). The resignation is effective from the close of business hours on September 28, 2026, to pursue an external opportunity.

The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that Sapre tendered his resignation directly to Chairman and Executive Director Kalpathi S Suresh.

Reason for departure

In the resignation letter, Sapre stated that the decision followed careful consideration. He cited a desire to pursue an external opportunity aligned with his long-term career objectives. The company expressed appreciation for his valuable services rendered during his tenure.

Disclosure details

The regulatory filing provided specific details regarding the change in senior management as required by SEBI guidelines:

The company confirmed there are no reasons for the resignation other than those stated in the letter. The information has been hosted on the company's website for public record.