Veranda Learning Solutions Limited announced the successful conclusion of Avinya, its nationwide innovation initiative designed to foster creativity among students from Grades 8 to 12. The grand finale took place at IIIT-Bangalore, celebrating young innovators who presented solutions aligned with the United Nations Sustainable Development Goals.

Contest Overview and Participation

The Avinya initiative demonstrated significant reach across India, attracting substantial participation from young minds nationwide. The program followed a structured evaluation process to identify and nurture the most promising innovative ideas.

Winners and Recognition

Following rigorous evaluation and specialized training sessions, three outstanding participants emerged as winners, showcasing exceptional creativity and problem-solving skills in addressing real-world challenges.

Expert Panel and Evaluation Process

The finale featured live presentations evaluated by a distinguished panel of industry experts and academic leaders. The judging panel included:

• Mr. Chaitanya Shravanth, Founder CEO - Circle Health
• Mr. Navratan Katariya, Director - Innovation Entrepreneurship (IoT AI) - NASSCOM
• Mr. Prateek Madhav, Co-founder CEO - AssisTech Foundation (ATF)
• Ms. Kalpana Subbarramappa, Program Manager - Centre for Nano Science and Engineering (CeNSE), IISc

Participants underwent an intensive bootcamp prior to the finale, receiving valuable insights into ideation, implementation, and entrepreneurship to transform innovative ideas into actionable solutions.

Leadership Perspectives

Mr. Deepak Paul, Managing Director of igus (India) Pvt. Ltd, served as Chief Guest for the inauguration ceremony, emphasizing the importance of fostering innovation at a young age. He highlighted clarity of thought, flexibility, and proper problem definition as foundations of effective problem-solving.

Prof. Debabrata Das, Director of IIIT-Bangalore and Chief Guest for the awards ceremony, noted that innovation extends beyond technology to encompass purpose and responsibility. He praised Avinya as a meaningful platform for young innovators to apply ideas to real-world challenges.

Mr. Rajesh Pankaj, Joint CEO of Veranda K-12, explained that Avinya was conceived with the belief that innovation and purpose must begin early, witnessing deep thinking, empathy, and genuine commitment to solving real-world problems aligned with Sustainable Development Goals.

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.