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Veranda Learning Solutions Limited Capital/Financing Update 2025

May 17, 2025

59607_rns_2025-05-17_dcdbd96e-9d52-4660-a469-bd0869fe683c.pdf

Capital/Financing Update

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May 17,2025

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Veranda Learning Solutions Limited

To To The Secretary The Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400 001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 543514 Scrip Code: VERANDA

Dear Sir / Madam,

Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations").

We refer to our earlier intimation dated December 10,2024 & May 22,2023 (the “Earlier Intimations”) regarding the acquisition of Veranda K-12 Learning Solutions Private Limited (“Veranda K-12”) formerly known as Educare Infrastructure Services Private Limited, Neyyar Academy Private Limited (“Neyyar Academy”), Neyyar Education Private Limited (“Neyyar Education”), and BAssure Solutions Private Limited (“BAssure”) by Veranda Administrative Learning Solutions Private Limited (“VALSPL”), a wholly owned subsidiary of the Company.

In continuation of the earlier intimation, we wish to inform you that VALSPL has completed the preferential issue and allotment of 4,74,89,997 equity shares on May 16,2025, with a face value of ₹10/- each, representing 24.14% of the post-issue paid-up equity share capital of VALSPL. The shares were allotted for consideration other than cash, i.e., as full consideration for the acquisition of the following:

a) 7,388 fully paid-up Equity shares of Rs.10/- each of Veranda K-12 Learning Solutions Private Limited (i.e. constituting 14.40% Equity Share Capital of Veranda K-12) b) 2,320 fully paid-up Equity shares of Rs.10/- each of Neyyar Academy Private Limited (i.e. constituting 17.48% Equity Share Capital of Neyyar Academy) c) 1,879 fully paid-up Equity shares of Rs.10/- each of Neyyar Education Private Limited (i.e. constituting 17.47% Equity Share Capital of Neyyar Education)

d) 3,538 fully paid-up Equity shares of Rs.10/- each of BAssure Solutions Private Limited (i.e. constituting 10% Equity Share Capital of BAssure)

e) 4,947 Class B Optionally convertible redeemable non-cumulative preference shares (“OCRPS”) of Rs.10/- each of BAssure Solutions Private Limited (i.e. constituting 49.47% Preference Share Capital of BAssure)

to the shareholders of the respective companies (the “Subsidiary Issuance”). As a result of the subsidiary issuance, VALSPL has ceased to be a wholly owned subsidiary of Veranda Learning Solutions Limited. (“VLS”).

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[email protected] www.verandalearning.com

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+91 44 4690 1007

G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

The details as required under the SEBI Listing Regulations read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed as “Annexure-A to D ” for the purpose of the acquisition of Shares and “Annexure-E” for the purpose of the allotment of Equity Shares by VALSPL.

Kindly take the same on record and display the same on the website of your exchange. This information will also be hosted on the Company’s website at https://www.verandalearning.com/web/index.php/stock-exchange-intimations

Thanks & Regards. For Veranda Learning Solutions Limited

SWAMINADHAN Digitally signed by SWAMINADHAN BALASUNDHARAM BALASUNDHARAM Date: 2025.05.17 12:04:53 +05'30'

S. Balasundharam Company Secretary & Compliance Officer M. No: ACS-11114

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[email protected] www.verandalearning.com

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+91 44 4690 1007

G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

Annexure A - Veranda K-12 Learning Solutions Private Limited – Acquisition of Equity Shares by VALSPL

Shares by VALSPL
Details to be disclosed Particulars
a) Name of the target entity,
details in brief such as size,
turnover etc.;
i) Name of Target: Veranda K-12 Learning Solutions Private
Limited (“Veranda K12”)
ii) Details of the Target:
Veranda K-12 is a private limited company incorporated under
the laws of India and provide services in various areas of school
management like infrastructure, planning & development, staff
recruitment & training, sales & marketing, affiliation &
statutory compliances to multiple schools with over 4500
students studying in it. They are providing services to CBSE
and NIO schools.
Assets size: INR 22.08 Crores (FY 2023-24)
Turnover: INR 9.8 Crores (FY 2023-24)
b) Whether the acquisition would
fall
within
related
party
transaction(s)
and
whether the promoter/promoter
group/group companies have any
interest
in
the
entity being acquired? If yes,
nature
of
interest and details thereof and
whether the same is done at
“arms-length”;
The acquisition of shares of Veranda K-12 does not fall under
related party transactions as per provisions of the Companies
Act 2013 and the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations,
2015.
The promoter/promoter group/group companies of Veranda
Learning Solutions Limited (“VLS”) have no interest in the said
acquisition.
c) Industry to which the entity
being acquired belongs;
Veranda K-12 is engaged in the education industry.
d)
Objects
and
effects
of
acquisition
(including
but
not
limited to, disclosure of reasons
for acquisition of target entity, if
its business is outside the main
line of business of the listed
entity);
Veranda Administrative Learning Solutions Private Limited’s
(“VALSPL”) (subsidiary of VLS) main objects are to carry on the
business of both formal and informal education both organically
and by acquisition of entities to train students in both India and
abroad for various educational programs including curricular,
co-curricular or extra-curricular activities and training for all
competitive examinations.
Pursuant to the acquisition of Veranda K12, VALS will hold
90.40% of equityshare capital of Veranda K-12.

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[email protected] www.verandalearning.com +91 44 4690 1007 G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

e)
Brief
details
of
any
governmental
or
regulatory
approvals
required
for
the
acquisition;
Not applicable
f)
Indicative
time
period
for
completion
of
the
acquisition;
Equity shares representing 76% of the equity share capital of
Veranda K-12 Learning Solutions Private Limited (Erstwhile
known as Educare Infrastructure Services Private Limited)
were acquired before 30thSeptember 2023.
(“First Tranche Shares”).
Equity shares representing 14.40 of the equity share capital of
Veranda K-12 was acquired on May 16,2025.
The balance equity shares (Residual Shares) shall be acquired
on or before the Long Stop Date i.e. 30thJune 2025. (“Second
Tranche Shares”).
g)
Nature
of
consideration
-
whether
cash
consideration or share swap and
details of the same;
(i) First Tranche Shares - The consideration for the First
Tranche Shares was paid by way of: (a) cash consideration;
and (b) issuance of shares of VALS for the purpose of being
exchanged / swapped for equity shares of VLS (“Share Swap”).
(ii) Second Tranche Shares - The consideration for the Second
Tranche Shares will be payable by way of: (a) cash
consideration; and (b) issuance of shares of VALS for the
purpose of being exchanged / swapped for equity shares of VLS
(“Share Swap”).
h) Cost of acquisition or the price
at which the shares are acquired;
(i) First Tranche Shares –INR 750,000,000 in cash and INR
750,000,000 by way of Share Swap.
(ii) Second Tranche Shares – INR 20,00,00,000 in cash and
INR 30,00,00,000 by way of Share Swap.
i) Percentage of shareholding /
control acquired and / or number
of shares acquired;
VALS acquired 76% of the equity share capital of Veranda K-
12 Learning Solutions Private Limited (Erstwhile known as
Educare Infrastructure Services Private Limited) pursuant to
the acquisition of First Tranche Shares.
VALS acquired 14.40% of the Equity share capital of Veranda
K-12 Learning Solutions Private Limited (Erstwhile known as
Educare Infrastructure Services Private Limited) pursuant to
the acquisition of the Second Tranche Shares on May 16,2025

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[email protected] www.verandalearning.com

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+91 44 4690 1007

G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

j) Brief background about the
entity
acquired
in
terms
of
products/line
of
business
acquired,
date
of
incorporation, history of last 3
years
turnover,
country
in
which the acquired entity has
presence
and
any
other
significant
information
(in
brief);
Brief background:
Veranda K12 provide services in various areas of school
management like infrastructure planning & development, staff
recruitment & training, sales & marketing, affiliation &
statutory compliances to multiple schools with over 4500
students studying in it. They are providing services to CBSE
and NIOS schools.
Veranda K-12 is engaged in the education industry
Date of incorporation:August 13,1986
Turnover of the last 3 years:
FY 2021-22, 2022-23: INR NIL
FY 2023-24: INR 9.80 Crores
Country in which the acquired entity has presence:
India

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[email protected] www.verandalearning.com

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+91 44 4690 1007 G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

Annexure B- Neyyar Academy Private Limited – Acquisition of Equity Shares by VALSPL

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Details to be disclosed Particulars
a) Name of the target entity, i) Name of Target: Neyyar Academy Private Limited (“Neyyar
details in brief such as size, Academy”)
turnover etc.;
ii) Details of the Target:
Neyyar Academy is a private limited company incorporated
under the laws of India and engaged in the business of
academic coaching for PSC exams and other competitive exams
like SSC, UPSC, RRB, etc.
Assets size: INR 1.43 Crores (FY 2023-24)
Turnover: INR 4.00 Crores (FY 2023-24)
b) Whether the acquisition would The acquisition of shares of Neyyar Academy does not fall
fall within related party under related party transactions as per provisions of the
transaction(s) and Companies Act, 2013 and the Securities and Exchange Board
whether the promoter/promoter of India (Listing Obligations and Disclosure Requirements)
group/group companies have any Regulations, 2015.
interest in the
entity being acquired? If yes,
The promoter/promoter group/group companies of Veranda
nature of
Learning Solutions Limited (“VLS”) have no interest in the said
interest and details thereof and
acquisition.
whether the same is done at
“arms-length”;
c) Industry to which the entity Neyyar Academy is in the education industry.
being acquired belongs;
d) Objects and effects of Veranda Administrative Learning Solutions Private Limited’s
acquisition (including but not (“VALSPL”) (subsidiary of VLS) main objects are to carry on the
limited to, disclosure of reasons business of both formal and informal education both organically
for acquisition of target entity, if and by acquisition of entities to train students in both India and
its business is outside the main
abroad for various educational programs including curricular,
line of business of the listed
co-curricular or extra-curricular activities and training for all
entity);
competitive examinations.
Pursuant to the acquisition of Neyyar Academy, VALS will hold
93.48% of equity share capital of Neyyar Academy.
e) Brief details of any Not applicable
governmental or
regulatory approvals required for
the acquisition;
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[email protected] www.verandalearning.com

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+91 44 4690 1007

G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

f)
Indicative
time
period
for
completion
of
the
acquisition;
Equity shares representing 76% of the equity share capital of
Neyyar Academy Private Limited were acquired before the Long
Stop date i.e. 31stJuly 2023.
(“First Tranche Shares”).
Equity shares representing 17.48 of the equity share capital of
Neyyar Academy was acquired on May 16,2025.
The balance equity shares (Residual Shares) shall be acquired
on or before the Long Stop Date i.e. 30thJune 2025. (“Second
Tranche Shares”).
g)
Nature
of
consideration
-
whether
cash
consideration or share swap and
details of the same;
(i) First Tranche Shares – Deferred cash consideration of an
aggregate amount of INR 28,00,000 plus Additional Cash
Consideration for the sale and Transfer of the First Tranche Sale
Shares.
(ii) Second Tranche Shares - The consideration for the Second
Tranche Shares will be payable by way of: (a) cash
consideration; and (b) issuance of shares of VALS for the
purpose of being exchanged / swapped for equity shares of VLS
(“Share Swap”).
h) Cost of acquisition or the price
at which the shares are acquired;
(i) First Tranche Shares – Deferred cash consideration of an
aggregate amount of INR 28,00,000 plus Additional Cash
Consideration.
(ii) Second Tranche Shares – INR 1,23,00,000 in cash and INR
3,30,00,000 by way of Share Swap.
i) Percentage of shareholding /
control acquired and / or number
of shares acquired;
VALS acquired 76% of the equity share capital Neyyar
Academy Private Limited pursuant to the acquisition of First
Tranche Shares.
VALS acquired 17.48% of the Equity share capital of Neyyar
Academy Private Limited pursuant to the acquisition of the
Second Tranche Shares on May 16,2025.
j) Brief background about the
entity
acquired
in
terms
of
products/line
of
business
acquired,
date
of
incorporation, history of last 3
years
turnover,
country
in
which the acquired entity has
presence
and
any
other
significant
information
(in
brief);
Brief background:
Neyyar Academy is engaged in the business of academic
coaching for PSC exams and other competitive exams like SSC,
UPSC, RRB, etc.
Neyyar Academy is engaged in the education industry
Date of incorporation:May 22,2017
Turnover of the last 3 years:
FY 2021-22: INR 1.56 Crores
FY 2022-23: INR 4.70 Crores
FY 2023-24: INR 4.00 Crores
Country in which the acquired entity has presence:
India

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[email protected] www.verandalearning.com +91 44 4690 1007 G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

Veranda Learning Solutions Limited

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Annexure C - Neyyar Education Private Limited – Acquisition of Equity Shares by VALSPL

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Details to be disclosed Particulars
a) Name of the target entity, i) Name of Target: Neyyar Education Private Limited (“Neyyar
details in brief such as size, Education”)
turnover etc.;
ii) Details of the Target:
Neyyar Education is a private limited company incorporated
under the laws of India and engaged in education industry of
providing academic publications of books and study materials
for various courses and competitive exams.
Assets size: INR 5.68 Crores (FY 2023-24)
-
Turnover: INR 7.84 Crores (FY 2023 24)
b) Whether the acquisition would The acquisition of shares of Neyyar Education does not fall
fall within related party under related party transactions as per provisions of the
transaction(s) and Companies Act 2013 and the Securities and Exchange Board of
whether the promoter/promoter India (Listing Obligations and Disclosure Requirements)
group/group companies have any
Regulations, 2015.
interest in the
entity being acquired? If yes,
The promoter/promoter group/group companies of Veranda
nature of
Learning Solutions Limited (“VLS”) have no interest in the said
interest and details thereof and
acquisition.
whether the same is done at
“arms-length”;
c) Industry to which the entity Neyyar Education is in the education industry.
being acquired belongs;
d) Objects and effects of Veranda Administrative Learning Solutions Private Limited’s
acquisition (including but not (“VALSPL”) (subsidiary of VLS) main objects are to carry on the
limited to, disclosure of reasons business of both formal and informal education both organically
for acquisition of target entity, if and by acquisition of entities to train students in both India and
its business is outside the main abroad for various educational programs including curricular,
line of business of the listed
co-curricular or extra-curricular activities and training for all
entity);
competitive examinations.
Pursuant to the acquisition of Neyyar Education, VALS will hold
93.47% of equity share capital of Neyyar Education.
e) Brief details of any Not applicable
governmental or
regulatory approvals required for
the acquisition;
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[email protected] www.verandalearning.com

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+91 44 4690 1007

G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

f)
Indicative
time
period
for
completion
of
the
acquisition;
Equity shares representing 76% of the equity share capital of
Neyyar Education Private Limited were acquired before the
Long Stop date i.e. 31stJuly 2023.
(“First Tranche Shares”).
Equity shares representing 17.47 of the equity share capital of
Neyyar Education was acquired on May 16,2025.
The balance equity shares (Residual Shares) shall be acquired
on or before the Long Stop Date i.e. 30thJune 2025. (“Second
Tranche Shares”).
g)
Nature
of
consideration
-
whether
cash
consideration or share swap and
details of the same;
(i) First Tranche Shares – The consideration for the First
Tranche Shares was paid by way of: (a) Upfront Cash
consideration and Deferred Cash Consideration; and (b)
issuance of shares of VALS for the purpose of being exchanged
/ swapped for equity shares of VLS (“Share Swap”).
(ii) Second Tranche Shares - The consideration for the Second
Tranche Shares will be payable by way of: (a) Upfront cash
consideration; and (b) issuance of shares of VALS for the
purpose of being exchanged / swapped for equity shares of VLS
(“Share Swap”).
h) Cost of acquisition or the price
at which the shares are acquired;
(i) First Tranche Shares – Upfront Cash consideration of INR
15,149,532 and Deferred cash consideration of INR 28,00,000.
(ii) Second Tranche Shares – INR 2,87,00,000 in cash and INR
7,70,00,000 by way of Share Swap.
i) Percentage of shareholding /
control acquired and / or number
of shares acquired;
VALS acquired 76% of the equity share capital Neyyar
Education Private Limited pursuant to the acquisition of First
Tranche Shares.
VALS acquired 17.47% of the Equity share capital of Neyyar
Education Private Limited pursuant to the acquisition of the
Second Tranche Shares on May 16,2025.
j) Brief background about the
entity
acquired
in
terms
of
products/line
of
business
acquired,
date
of
incorporation, history of last 3
years
turnover,
country
in
which the acquired entity has
presence
and
any
other
significant
information
(in
brief);
Brief background:
Neyyar Education is engaged in the education industry of
providing academic publications of books and study materials
for various courses and competitive exams.
Neyyar Education is engaged in the education industry
Date of incorporation:February 28,2018
Turnover of the last 3 years:
FY 2021-22: INR 4.17 Crores
FY 2022-23: INR 6.96 Crores
FY 2023-24: INR 7.84 Crores
Country in which the acquired entity has presence:
India

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[email protected] www.verandalearning.com +91 44 4690 1007 G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

Veranda Learning Solutions Limited

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Annexure D- BAssure solutions Private Limited (“BAssure”) – Acquisition of Equity Shares and OCRPS by VALSPL

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Details to be disclosed Particulars
a) Name of the target entity, i) Name of Target: BAssure Solutions Private Limited
details in brief such as size, (“BAssure”)
turnover etc.;
ii) Details of the Target:
BAssure is a private limited company incorporated under the
laws of India and is in the business of providing delivery
services with the help of modern software development tools
and technologies; and services in areas such as cloud
computing, SAAS product engineering, web and mobile apps,
data engineering and analytics and Ui / UX cognitive agents.
Assets size: INR 1.67 Crores (FY 2023-24)
Turnover: INR 2.48 Crores (FY 2023-24)
b) Whether the acquisition would The third tranche acquisition of shares of BAssure does not fall
fall within related party under related party transactions as per provisions of the
transaction(s) and Companies Act 2013 and the Securities and Exchange Board of
whether the promoter/promoter India (Listing Obligations and Disclosure Requirements)
group/group companies have any
Regulations, 2015.
interest in the
entity being acquired? If yes,
The promoter/promoter group/group companies of Veranda
nature of
Learning Solutions Limited (“VLS”) have no interest in the said
interest and details thereof and
acquisition.
whether the same is done at
“arms-length”;
c) Industry to which the entity BAssure is engaged in the IT service and IT consulting industry.
being acquired belongs;
d) Objects and effects of Veranda Administrative Learning Solutions Private Limited’s
acquisition (including but not (“VALS”) (subsidiary of VLS) main objects are to carry on the
limited to, disclosure of reasons business of both formal and informal education both organically
for acquisition of target entity, if and by acquisition of entities to train students in both India and
its business is outside the main abroad for various educational programs including curricular,
line of business of the listed
co-curricular or extra-curricular activities and training for all
entity);
competitive examinations.
Pursuant to the acquisition of BAssure, VALS will hold 100% of
equity share capital and 100% of Preference share capital of
BAssure.
e) Brief details of any Not applicable
governmental or
regulatory approvals required for
the acquisition;
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[email protected] www.verandalearning.com +91 44 4690 1007 G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

Veranda Learning Solutions Limited

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f)
Indicative
time
period
for
completion
of
the
acquisition;
Equity shares representing 86% of the equity share capital of
BAssure were acquired before i.e. August 31,2023.
(“First Tranche Shares”).
Equity shares representing 4% of the equity share capital of
BAssure and class A optionally convertible redeemable non-
cumulative preference shares (together referred to as (“Second
Tranche Shares”) representing 50.53% of the
preference share capital acquired on December 10,2024.
Equity shares representing 10% of the equity share capital of
BAssure and class B optionally convertible redeemable
noncumulative preference shares (together referred to as
(“Third Tranche Shares”) representing 49.47% of the
preference share capital acquired on May 16,2025.
g)
Nature
of
consideration
-
whether
cash
consideration or share swap and
details of the same;
(i) First Tranche Shares - The consideration for the First
Tranche Shares was paid by way of: (a) cash consideration.
and (b) issuance of shares of VALS for the purpose of being
exchanged / swapped for equity shares of VLS (“Share Swap”).
(ii) Second Tranche Shares – The consideration for the Second
Tranche Shares paid by way of Share Swap.
(iii) Third Tranche Shares – The consideration for the Third
Tranche Shares will be payable by way of issuance and
allotment of Founder Preference Shares and Residual Founder
Equity Shares together called as“Share Swap”.
h) Cost of acquisition or the price
at which the shares are acquired;
(i) First Tranche Shares - INR 2,20,00,899 in cash and INR
3,49,99,161 by way of Share Swap.
(ii) Second Tranche Shares - INR 7,49,48,095 Crores for the
Second Tranche Shares by way of Share Swap.
(iii) Third Tranche Shares – INR 6,13,99,986 for Founder
Preference Shares and INR 35,00,000 for Residual Founder
Equity Shares.
i) Percentage of shareholding /
control acquired and / or number
of shares acquired;
VALS acquired 86% of the equity share capital of BAssure
pursuant to the acquisition of the First Tranche Shares.
VALS acquired 50.53% of the Preference share capital and 4%
of Equity share capital pursuant to the acquisition of the Second
Tranche Shares on December 10,2024
VALS acquired 49.47 % of the Preference share capital and
10% of Equity share capital pursuant to the acquisition of the
Third Tranche Shares on May 16,2025

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[email protected] www.verandalearning.com +91 44 4690 1007 G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

j) Brief background about the
entity
acquired
in
terms
of
products/line
of
business
acquired,
date
of
incorporation, history of last 3
years
turnover,
country
in
which the acquired entity has
presence
and
any
other
significant
information
(in
brief);
Brief background:
BAssure is in the business of providing delivery services with
the help of modern software development tools and
technologies.
BAssure provides services in areas including cloud computing,
SAAS product engineering, web and mobile apps, data
engineering and analytics and Ui / UX cognitive agents.
BAssure is engaged in the IT service and IT consulting industry.
Date of incorporation:April 25, 2016
Turnover of last 3 years:
FY 2021-22: INR 1.55 Crores
FY 2022-23: INR 5.45 Crores
FY 2023-24: INR 2.48 Crores
Country in which the acquired entity has presence:
India

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[email protected] www.verandalearning.com

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+91 44 4690 1007 G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Veranda Learning Solutions Limited

Annexure – E– Issuance and allotment of Equity Shares by VALSPL

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Sl. Details to be disclosed Particulars
No.
a Type of securities proposed to be Equity shares
issued
b Type of issuance Preferential allotment
c Total number of securities The total number of equity shares issued and
proposed to be issued or total allotted 4,74,89,997 equity shares at Rs.10
amount for which securities will per share (at par)
be issued (approx.)
d In case of preferential issue, the listed entity shall disclose the following additional
details:
1.Names of the investors 1. Ramana Prasad A S
2. Amrit Ramana Prasad
3. Gireesh Neyyar
4. HimaSree G H
5. Kuppusamy Ravi
6. Ravi Megala
2.Post allotment of securities - Detail Description
outcome of the subscription, issue Post allotment of 4,74,89,997 Equity
price/allotted price (in case of securities shares
convertibles), number of investors Outcome of the Fully subscribed
subscription
Issue price/allotted ₹10 per share
price
Number of 6
investors
3.In case of convertibles - Not applicable
intimation on conversion of
securities or lapse of tenure
e In case of bonus issue, the listed Not applicable
entity shall disclose the following
additional details:
f In case of issuance of depository Not applicable
receipts (ADR/GDR) or FCCB, the
listed entity shall disclose the
following additional details:
g In case of issuance of debt Not applicable
securities or other non-convertible
securities, the listed entity shall
disclose the following additional
details:
h Any cancellation or termination of Not applicable
proposal for issuance of securities
including reasons thereof
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[email protected] www.verandalearning.com

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+91 44 4690 1007

G.R. Complex First floor No.807808, Anna Salai, Nandanam, Chennai -600 035

CIN: L74999TN2018PLC125880