Veranda Learning Solutions Limited's promoters have submitted a mandatory regulatory disclosure regarding pledge creation and modification on their shareholdings, as required under SEBI regulations.

Regulatory Disclosure Details

The disclosure was made by the company's promoters under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates disclosure of any creation or modification of pledges on shares held by promoters and other significant stakeholders.

Promoter Information

The disclosure was jointly submitted by three promoters of Veranda Learning Solutions Limited:

• Kalpathi S. Aghoram
• Kalpathi S. Ganesh
• Kalpathi S. Suresh

The promoters collectively made the requisite disclosure in respect of the creation of pledge over shares and the subsequent modification in the encumbered shares, as stated in their formal communication.

Regulatory Compliance

The disclosure was formally communicated to multiple regulatory and corporate entities to ensure full compliance:

This disclosure fulfills the mandatory requirements under SEBI's takeover regulations, which aim to maintain transparency in shareholding patterns and any encumbrances on shares held by promoters and significant stakeholders. The formal submission ensures all relevant parties are informed of the pledge-related transactions involving the promoter shareholdings.

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.