Veranda Learning Solutions Limited promoters have made a significant commitment to maintain a substantial ownership stake in the company, according to a recent regulatory filing.

Promoters' Pledge

The promoters of Veranda Learning Solutions - Kalpathi Subramanyam Aghoram, Kalpathi Subramanian Suresh, and Kalpathi Subramaniam Ganesh - have agreed to maintain ownership of at least 34.05% of the company's share capital. This agreement follows an amendment to debenture trust deeds and constitutes an encumbrance over 3,18,71,573 shares.

Previous Pledge

Prior to this agreement, the promoters had pledged 64,65,516 shares, representing 6.77% on a fully diluted basis. This pledge was related to non-convertible debentures issued by Veranda Learning Solutions Limited and Veranda Race Learning Solutions Private Limited.

Debenture Trust Deed Details

The encumbrance is part of the terms of debenture trust deeds with Catalyst Trusteeship Limited acting as the debenture trustee. This arrangement serves as common security for the non-convertible debentures issued by both Veranda Learning Solutions Limited and Veranda Race Learning Solutions Private Limited.

Regulatory Compliance

The disclosure of this encumbrance was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has duly informed the stock exchanges - BSE Limited and National Stock Exchange of India Limited - about this development.

Impact on Shareholding

The new agreement significantly increases the promoters' committed stake in the company. The table below illustrates the change in encumbered shares:

This substantial increase in the promoters' committed stake could be seen as a strong signal of their confidence in the company's future prospects.

Veranda Learning Solutions Limited, a key player in the education technology sector, continues to demonstrate its commitment to transparency and regulatory compliance through these disclosures. The company's shares are listed on both the BSE and NSE, making this information crucial for investors and market participants.

Veranda Learning Solutions , an education technology company, has announced a significant strategic move aimed at streamlining its operations. The company's board has given the green light for the sale of its vocational segment, which includes two key entities: Brain4CE Education and Veranda Management.

Strategic Divestiture

The decision to divest the vocational segment comes as part of Veranda Learning Solutions' efforts to refine its business focus. By shedding these units, the company aims to concentrate its resources and attention on four main areas of operation. This move is expected to allow Veranda to enhance its core competencies and potentially improve overall efficiency.

Entities Involved

The divestiture encompasses two significant parts of Veranda's business:

1. Brain4CE Education: This entity is likely involved in providing educational content and services related to vocational training.

2. Veranda Management: This unit presumably handles management aspects of the vocational segment.

Implications for the Company

This strategic decision by Veranda Learning Solutions' board signals a shift in the company's direction. By streamlining operations, the company may be positioning itself to:

• Focus on its most profitable or promising educational segments
• Allocate resources more efficiently
• Potentially improve its competitive position in the edtech market

Looking Ahead

As Veranda Learning Solutions moves forward with this divestiture, stakeholders will be keen to observe how this strategic shift impacts the company's performance and market position in the education technology sector. The success of this move will likely depend on how effectively the company leverages its resources in the four main areas it has chosen to focus on.

While the specific details of the sale, including the potential buyers and the financial terms of the transaction, have not been disclosed, this development marks a significant change in Veranda Learning Solutions' business structure and strategy.