Veranda Learning Solutions Promoters Release 8.22% of Pledged Shares
Three key promoters of Veranda Learning Solutions Limited (VLSL) have released 77,04,339 pledged shares, representing 8.22% of the company's total share capital. Kalpathi S Aghoram, Kalpathi S Ganesh, and Kalpathi S Suresh each released 25,68,113 shares (2.74% each). Post-release, promoters collectively hold 41.11% of the total share capital, with 15.15% remaining encumbered. The release follows full redemption of VXL debentures, with Catalyst Trusteeship Limited acting as the common security trustee.
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Veranda Learning Solutions Limited (VLSL) has announced a significant development regarding its promoters' shareholding. Three key promoters of the company - Kalpathi S Aghoram, Kalpathi S Ganesh, and Kalpathi S Suresh - have released a substantial portion of their pledged shares following the full redemption of VXL debentures.
Details of the Share Pledge Release
The pledge release involved a total of 77,04,339 shares, representing 8.22% of the company's total share capital. This move comes as a positive sign for investors, potentially indicating improved financial stability for the company.
Breakdown of Released Shares
The release of pledged shares was distributed among the three promoters as follows:
| Promoter | Shares Released | % of Total Share Capital |
|---|---|---|
| Kalpathi S Aghoram | 25,68,113 | 2.74% |
| Kalpathi S Ganesh | 25,68,113 | 2.74% |
| Kalpathi S Suresh | 25,68,113 | 2.74% |
Post-Release Shareholding
Following this development, the promoters collectively hold 3,84,69,650 shares, which accounts for 41.11% of the total share capital of Veranda Learning Solutions Limited. However, it's worth noting that 1,41,69,855 shares (15.15% of the total share capital) still remain encumbered.
Role of Catalyst Trusteeship Limited
Catalyst Trusteeship Limited acted as the common security trustee for this transaction. They represented various entities including BPEA Credit India Fund III-Scheme F and Scheme C, Pico Capital Pvt. Ltd., and Aarti Rahul Chhabria.
Regulatory Compliance
In compliance with regulatory requirements, the company made this disclosure to both the BSE and NSE stock exchanges. The disclosure was made under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This development may be seen as a positive indicator by the market, potentially reflecting the company's improved financial position and the promoters' confidence in the business. However, investors should conduct their own research and consider various factors before making investment decisions.
Historical Stock Returns for Veranda Learning Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.21% | -1.28% | -3.13% | -2.04% | -23.61% | +66.58% |
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