Veranda Learning Solutions Limited — Capital/Financing Update 2024

Apr 26, 2024

Veranda Learning Solutions Limited

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26[th] April 2024

ToThe SecretaryBSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street,Mumbai- 400 001Scrip Code: 543514		ToThe Manager,Listing Department,National Stock Exchange of India LimitedExchange Plaza, C-1, G Block, Bandra-**Kurla Complex,Bandra (East), Mumbai– **400 051Scrip Code: VERANDA

Sir / Madam ,

Sub: Grant of Stock Options under Veranda Learning Solutions Limited Employees Stock Option Plan, 2022 (VERANDA ESOP PLAN 2022)

In terms of provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Nomination Remuneration Committee of the Company in its meeting held on 26.04.2024 has approved the grant of 25000 (Twenty-Five Thousand) Stock Options to Mr. Vivek Sapre (CHRO) of the Company under the Veranda Learning Solutions Limited Employees Stock Option Plan, 2022.

We are enclosing herewith the details as prescribed under SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as Annexure A.

This information will also be hosted on the Company’s website at www.verandalearning.com

We request you to kindly take the above information on record.

Thanks & Regards

For Veranda Learning Solutions Limited

M Digitally signed by M ANANTHARAMAKR ANANTHARAMAKRISHNAN Date: 2024.04.26 16:42:44 ISHNAN +05'30' M Anantharamakrishnan Company Secretary & Compliance Officer M. No: ACS-7187

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contact@verandalearning.co m www.verandalearning.com

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+91 44 4296 7777 34, Thirumalai Road, T.Nagar, Chennai, Tamil Nadu-600017 CIN: L74999TN2018PLC125880

Veranda Learning Solutions Limited

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Annexure A

Details of the grant of options under the provisions of Veranda Learning Solutions Limited Employees Stock Option Plan, 2022:

Brief details of options granted	25000 stock options granted to Mr. Vivek Sapre(CHRO) - Strategic Team
Whether the scheme is in terms of SEBI (SBEB)Regulations, 2014	Yes
Total number of shares covered by these options	25000 (Twenty-Five Thousand) Equity Shares(Each stock option is convertible into One equitysharehaving afacevalue of Rs.10/-each)
Pricing formula/Exercise Price	Rs. 68.50 Per Equity Share upon exercise ofStock Options by the Strategic Team.
Options vested/vesting schedule	Options granted shall have a Vesting period ofnot earlier than one year and not later than 4years from the date of grant.
Time within which options may be exercised	Exercise period in respect of the Vested optionsshall be subject to a maximum period of 6 yearsfrom the date of Vesting of options.
Options exercised	Not Applicable
Moneyrealized byexercise of options
The total number of shares arising as a result ofexercise of option
Options lapsed
Variation of terms of options
Brief details of significant terms
Subsequent changes or cancellation or exercise ofsuch options
Diluted earnings per share pursuant to issue ofequity shares on exercise of options

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contact@verandalearning.co m www.verandalearning.com

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+91 44 4296 7777

34, Thirumalai Road, T.Nagar, Chennai, Tamil Nadu-600017 CIN: L74999TN2018PLC125880