Veranda Learning Solutions Limited — Board/Management Information 2022

Apr 25, 2022

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Veranda Learning Solutions Limited (formerly Veranda Learning Solutions Private Limited) (formerly Andromeda Edutech Private Limited)

25[th] April, 2022

To The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

To The Manager, Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051

Scrip Code: 543514 Scrip Code: VERANDA

Dear Sir/Madam,

Sub: Outcome of the Board Meeting – Reg

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015, this is to inform you that the Board of Directors of the Company at its meeting held on 25[th ] April, 2022, interse approved and noted the following items:

1. Increase of Authorised Capital from Rs. 60cr to Rs.100cr.

2. Increase of Borrowing powers from Rs. 250cr to Rs. 1000cr.

3. Issuance of Non- Convertible Debentures/ Bonds/ Other Instruments up to Rs.1000cr.

4. Increase of Investment Limits from Rs. 750cr to Rs. 1000cr.

5. Acquisition of T.I.M.E (Advanced Educational Activities Pvt Ltd)

6. Ratification and approval of Material related party transactions.

The meeting of the Board of Directors commenced at 12.00 Noon & concluded at 4.15 P.M.

Kindly take the same on record and display the same on the website of your exchange.

Thanks & Regards, For Veranda Learning Solutions Limited

M Digitally signed by M Anantharam Anantharamakrishnan Date: 2022.04.25 akrishnan 16:15:50 +05'30' M Anantharamakrishnan Company Secretary & Compliance Officer M. No: ACS-7187

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contact@verandalearning.com www.verandalearning.com

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+91 44 4296 7777

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34, Thirumalai Road, T Nagar, Chennai, Tamil Nadu 600 017 CIN: U74999TN2018PLC125880