Veranda Learning Solutions Limited has disclosed the execution of pledge deeds by its promoters in connection with credit facilities, following regulatory requirements under SEBI Listing Regulations. The company informed stock exchanges on February 28, 2026, about agreements executed on February 27, 2026, at 8.30 P.M (I.S.T).

Promoter Pledge Arrangements

The three promoters of the company executed pledge deeds to secure credit facilities for both the parent company and its subsidiary. The arrangements involve pledging equity shares held in Veranda Learning Solutions Limited to provide security for banking facilities.

Credit Facility Security Details

Two separate pledge arrangements were executed to secure different banking facilities. The first arrangement supports the company's credit facility from City Union Bank Limited, while the second secures financing for the wholly owned subsidiary.

Security Terms and Conditions

The City Union Bank facility arrangement involves pledging 30,00,000 equity shares of Veranda Learning Solutions Limited, maintaining a minimum aggregate value of ₹50.00 crores. The agreement includes provisions requiring the pledgors to provide additional equity shares if the pledged securities' value falls below the minimum threshold.

For the RBL Bank facility, the promoters must maintain pledged securities with a minimum aggregate value of ₹62.50 crores. Similar to the first arrangement, this agreement requires additional pledging if security values decline below stipulated levels.

Impact Assessment

Both pledge agreements do not contain provisions that would impact the management or control of the listed entity under normal circumstances. However, as customary in financing arrangements involving share pledges, enforcement by lenders upon occurrence of specified events may have consequential impact on the company's shareholding pattern, though such impact would arise only upon enforcement according to agreed terms.

Neither Veranda Learning Solutions nor its promoters hold shares in SBI Cap Trustee Company Limited or RBL Bank Limited, ensuring no cross-shareholding complications in these security arrangements.

Veranda Learning Solutions Limited has announced the successful completion of premature redemption of non-convertible debentures (NCDs) worth ₹125 crores on February 26, 2026. The redemption involved both the parent company and its wholly owned subsidiary, Veranda Race Learning Solutions Private Limited (VRACE), in a strategic debt management initiative.

Redemption Details

The redemption covered senior, secured, redeemable, unlisted NCDs from both entities, with all debentures being fully redeemed ahead of their scheduled maturity date. The transaction was completed on February 26, 2026, at 8.33 P.M (I.S.T), demonstrating the company's commitment to efficient debt management.

Financial Impact

The premature redemption represents a significant financial milestone for Veranda Learning Solutions. The parent company redeemed 2,500 NCDs worth ₹25 crores, while subsidiary VRACE redeemed 10,000 NCDs valued at ₹100 crores. Following the redemption, the outstanding amount for both entities stands at nil, indicating complete settlement of these debt instruments.

Redemption Structure

Both redemptions were classified as premature redemptions, with the companies choosing to settle their obligations approximately three years ahead of the original maturity date of February 01, 2029. The last interest payment for both entities was made on February 01, 2026, just prior to the redemption date.

Regulatory Compliance

The redemption was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has ensured full transparency by hosting the information on its official website and notifying both BSE Limited and National Stock Exchange of India Limited about this corporate action.

This strategic debt redemption reflects Veranda Learning Solutions' strong financial position and proactive approach to capital structure optimization, positioning the company favorably for future growth initiatives.