Veranda Learning Solutions Completes Early Redemption of ₹125 Crore Non-Convertible Debentures

1 min read Updated on 27 Feb 2026, 07:47 AM

Reviewed by

Ashish TScanX News Team

Overview

Veranda Learning Solutions Limited and its subsidiary VRACE completed premature redemption of NCDs worth ₹125 crores on February 26, 2026. The parent company redeemed ₹25 crores while VRACE redeemed ₹100 crores, both ahead of February 2029 maturity. This strategic move demonstrates strong financial position and effective debt management.

*this image is generated using AI for illustrative purposes only.

Veranda Learning Solutions Limited has announced the successful completion of premature redemption of non-convertible debentures (NCDs) worth ₹125 crores on February 26, 2026. The redemption involved both the parent company and its wholly owned subsidiary, Veranda Race Learning Solutions Private Limited (VRACE), in a strategic debt management initiative.

Redemption Details

The redemption covered senior, secured, redeemable, unlisted NCDs from both entities, with all debentures being fully redeemed ahead of their scheduled maturity date. The transaction was completed on February 26, 2026, at 8.33 P.M (I.S.T), demonstrating the company's commitment to efficient debt management.

Parameter	VLS Details	VRACE Details
ISIN	INE0IQ007026	INE0OEP07018, INE0OEP07026
Redemption Type	Full	Full
Quantity Redeemed	2,500 NCDs	10,000 NCDs
Principal Amount	₹25 Crores	₹100 Crores
Original Maturity	February 01, 2029	February 01, 2029
Actual Redemption	February 26, 2026	February 26, 2026

Financial Impact

The premature redemption represents a significant financial milestone for Veranda Learning Solutions. The parent company redeemed 2,500 NCDs worth ₹25 crores, while subsidiary VRACE redeemed 10,000 NCDs valued at ₹100 crores. Following the redemption, the outstanding amount for both entities stands at nil, indicating complete settlement of these debt instruments.

Redemption Structure

Both redemptions were classified as premature redemptions, with the companies choosing to settle their obligations approximately three years ahead of the original maturity date of February 01, 2029. The last interest payment for both entities was made on February 01, 2026, just prior to the redemption date.

Financial Metric	Details
Total Redemption Value	₹125 Crores
Outstanding Balance	Nil
Last Interest Payment	February 01, 2026
Early Redemption Period	~3 years ahead of maturity

Regulatory Compliance

The redemption was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has ensured full transparency by hosting the information on its official website and notifying both BSE Limited and National Stock Exchange of India Limited about this corporate action.

This strategic debt redemption reflects Veranda Learning Solutions' strong financial position and proactive approach to capital structure optimization, positioning the company favorably for future growth initiatives.

Historical Stock Returns for Veranda Learning Solutions

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.32%	-4.38%	-11.67%	-21.07%	-19.95%	+39.20%

Veranda Learning Solutions

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Veranda Learning Subsidiary VXL Secures ₹125 Crores Banking Facility from RBL Bank

1 min read Updated on 26 Feb 2026, 11:28 AM

Reviewed by

Riya DScanX News Team

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Overview

Veranda Learning Solutions disclosed that its wholly-owned subsidiary VXL entered into a ₹125 crores banking facility with RBL Bank, structured across overdraft and multiple term loans. The arrangement includes comprehensive security through promoter share pledges worth ₹62.50 crores and corporate guarantees from group companies.

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Veranda Learning Solutions has disclosed that its wholly-owned subsidiary, Veranda XL Learning Solutions Private Limited (VXL), has entered into a comprehensive facility agreement with RBL Bank Limited for ₹125 crores. The agreement was executed on February 25, 2026, with the company receiving intimation on February 26, 2026.

Facility Structure and Breakdown

The banking arrangement comprises multiple facility types designed to meet different operational requirements of the subsidiary. The comprehensive package includes both working capital and term financing options.

Facility Type:	Sanctioned Limit (₹ Crores)
Overdraft:	2.00
Term Loan - 1:	87.00
Term Loan - 2:	25.00
Working Capital Term Loan:	11.00
Total Facility:	125.00

Security Arrangements

The facility agreement includes comprehensive security arrangements involving multiple entities within the group. The security structure demonstrates the company's commitment to the banking relationship through various forms of collateral.

Security Component:	Details
Promoter Share Pledge:	₹62.50 crores worth of VLS shares
Corporate Guarantees:	B.B. Virtuals, Tapasya Educational, Navkar Digital
Initial Guarantee Amount:	₹40.00 crores each entity
Enhanced Guarantee:	₹125.00 crores each (within 45 days)
Asset Hypothecation:	Current and movable fixed assets of VXL

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 and 30A of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Veranda Learning Solutions clarified that while VXL is the borrowing entity, the parent company is not directly party to the facility agreement.

Strategic Implications

The facility provides VXL with substantial financial flexibility across different operational needs, from day-to-day working capital through the overdraft facility to longer-term growth financing via term loans. The involvement of group companies as guarantors and the promoter share pledge demonstrates strong backing for the subsidiary's operations.

The arrangement with RBL Bank establishes a significant banking relationship for the education services group, potentially supporting future expansion and operational requirements of the wholly-owned subsidiary.

Historical Stock Returns for Veranda Learning Solutions