Veranda Learning Solutions Limited has announced the complete utilization of Rs 357.42 crore raised through its Qualified Institutional Placement (QIP) conducted from July 17-22, 2025. This development marks a significant milestone for the company in terms of its financial management and strategic deployment of funds.

Utilization Breakdown

According to the monitoring agency report by Brickwork Ratings for the quarter ended September 30, 2025, the QIP proceeds were deployed as follows:

The QIP involved the placement of 1,58,71,173 equity shares, demonstrating substantial investor interest in the company's growth prospects.

Key Highlights

• Full Utilization: 100% of the QIP proceeds have been utilized, as confirmed by the monitoring agency report.
• Regulatory Compliance: All necessary regulatory approvals were obtained for the fund utilization.
• Adherence to Objectives: No deviations from the stated objectives were reported, indicating strong financial discipline and transparency.

Implications for Investors

The successful deployment of funds, particularly the substantial allocation towards debt reduction through the redemption of non-convertible debentures, may potentially strengthen Veranda Learning Solutions' balance sheet. This strategic move could have positive implications for the company's financial health and future growth initiatives.

The allocation of funds for general corporate purposes also provides the company with flexibility to address various operational needs and potential growth opportunities.

Investors may view this development as a positive sign of the company's commitment to financial prudence and its ability to execute on stated objectives. However, it's important to note that the long-term impact of these financial decisions will depend on various factors, including market conditions and the company's operational performance in the coming quarters.

Veranda Learning Solutions ' Commerce Vertical has once again demonstrated its academic prowess in the Chartered Accountancy (CA) examinations, securing the top three All India Ranks (AIR) in the September 2025 CA Final exams. This marks the third consecutive time the company has achieved this remarkable feat, solidifying its position as a leader in CA education.

Exam Performance Highlights

• Top Performers:

  • AIR 1: Mukund Agiwal
  • AIR 2: Tejas Mundada
  • AIR 3: Bakul Gupta

• Overall Performance:

  • Total All-India Rankers: 154
  • CA Final: 92 rankers
  • CA Inter: 54 rankers
  • CA Foundation: 8 rankers

Exam Statistics

The CA exams are known for their rigorous standards, as evidenced by the pass rates:

Veranda's Commerce Vertical

Veranda Commerce, part of Veranda Learning Solutions, operates through several renowned brands:

• JK Shah Classes
• BB Virtuals
• Navkar Digital Institute
• Logic School of Management
• Tapasya College of Commerce and Management

These institutions offer comprehensive CA preparation programs, both online and offline, covering all levels of CA examinations.

Student and Leadership Perspectives

Mukund Agiwal, the AIR 1 holder, shared his experience: "I didn't think I will get an All-India Rank 1 but manifested myself getting into the top-10. When I found out I'd topped, it felt unreal." He emphasized the importance of motivation and consistency in achieving success.

CA Bhanwar Borana, Founder of BB Virtuals, attributed the success to their "concept-driven, practical, and disciplined learning approach."

Mr. Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, highlighted the company's focus on "quality instruction, personalised mentorship, and measurable student outcomes."

Company Overview

Veranda Learning Solutions, established in 2018 by the Kalpathi AGS Group, has rapidly grown into a prominent, publicly listed education company. It offers a wide range of educational services, including test preparation, study abroad programs, and software upskilling, utilizing advanced technology and innovative methodologies to provide high-quality, personalized learning experiences.

This outstanding performance in the CA exams underscores Veranda Learning Solutions' commitment to academic excellence and its significant role in shaping the future of finance professionals in India.