Veranda Learning Solutions ' Commerce Vertical has delivered outstanding performance in the Chartered Accountancy January 2026 examinations, producing 190 All-India Rank holders across CA Final, CA Intermediate, and CA Foundation levels. The results announced by the Institute of Chartered Accountants of India (ICAI) showcase the company's continued excellence in commerce and finance education.

Top Performers Sweep CA Final Rankings

Students from BB Virtualls, part of Veranda's Commerce Vertical, achieved a historic milestone by securing the top three ranks in CA Final examination for the fourth consecutive time. The exceptional performers include:

All four top rankers were students of Direct Tax under BB Virtualls, while three of them also pursued the Audit course, highlighting the institute's comprehensive academic mentorship across core CA subjects.

Comprehensive Performance Across All Levels

Veranda's commerce vertical secured a total of 196 All-India Ranks across all CA examination levels. After accounting for six overlapping rankers who studied across multiple Veranda brands, the final tally stands at 190 unique rank holders.

Examination Statistics and Context

The achievement gains significance considering the competitive nature of CA examinations. In CA Final Group I, 53,652 candidates appeared with 11,282 clearing the examination, resulting in a pass percentage of 21.03%. Group II witnessed 38,169 candidates appearing, with 3,726 candidates passing at a pass percentage of 9.76%.

Leadership Perspectives

Diksha Goyal, who secured AIR 1, shared her preparation strategy: "When I learnt that I had secured AIR 1, I was completely overwhelmed. My family was ecstatic and celebrations began immediately. My preparation involved studying for about 10–11 hours a day, but I also made sure to take a couple of days off every month to recharge."

Bhanwar Borana, Founder of BB Virtualls, commented: "Seeing our students secure the top ranks yet again is immensely gratifying. The CA examination demands conceptual clarity, discipline, and relentless practice. Achieving the Top-3 sweep for the fourth consecutive time is a testament to the dedication of our students and the commitment of our faculty."

Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, stated: "Seeing 190 of our students secure All-India Ranks across CA Final, Intermediate, and Foundation is a powerful validation of our focus on high-quality teaching, personalised mentorship, and outcome-driven learning."

Veranda Learning Solutions Limited promoters have announced the complete release of encumbrance over their shareholding, marking a significant corporate development. The disclosure, made under Regulation 29 of SEBI SAST Regulations on March 4, 2026, reveals the liberation of substantial promoter holdings from various restrictions.

Encumbrance Release Details

The three promoters - Kalpathi S. Aghoram, Kalpathi S. Ganesh, and Kalpathi S. Suresh - collectively released encumbrance on 3,18,71,573 shares, representing 34.05% of the company's total share capital. The release was executed on February 27, 2026, following the full redemption of non-convertible debentures.

Types of Encumbrance Released

The encumbrance release involved two distinct categories of restrictions that were simultaneously lifted:

Share Pledge: The promoters had pledged shares as collateral security, with the collateral value required to be at least 100% of the outstanding facility amount. This pledge was created in favor of Catalyst Trusteeship Limited, acting as common security trustee for non-convertible debenture holders.

Minimum Shareholding Covenant: The promoters were bound by an obligation to maintain minimum 26% shareholding in VLSL. This covenant arose from an amended debenture trust deed executed on September 3, 2025, supported by a No-Objection Certificate dated September 12, 2025.

Regulatory Framework

The encumbrance release was processed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship Limited, acting as debenture trustee and common security trustee, facilitated the release following the complete redemption of debentures.

Trigger for Release

The encumbrance release was triggered by the full redemption of non-convertible debentures by VLSL and Veranda Race Learning Solutions Private Limited on February 26, 2026. Veranda XL Learning Solution Private Limited had earlier repaid its entire non-convertible debentures aggregating ₹310,00,00,000.

Current Status

Following the complete release of encumbrance, all three promoters now hold their respective shareholdings without any restrictions. The total promoter holding of 34.05% is now free from any pledges, liens, or minimum shareholding obligations, providing the promoters complete flexibility over their equity stakes in the company. The disclosure confirms that post-release, the acquirer's holding stands at NIL, indicating complete liberation of all encumbered shares.