Veranda Learning moves ahead with Commerce Vertical Demerger; NCLT clears path for J.K. Shah commerce listing

Veranda Learning Solutions (VLS) has moved a step closer to its proposed commerce vertical demerger and separately list J.K. Shah Commerce Education Limited (JSCEL), following directions from the National Company Law Tribunal (NCLT), Chennai Bench, under a Composite Scheme of Arrangement involving VLS, Veranda XL Learning Private Limited (VXLS), and JSCEL.

The NCLT Chennai Bench, has directed VLS to convene a meeting of its equity shareholders on April 24, 2026, via video conferencing, to consider and approve the proposed composite scheme of arrangement. First announced in September 2025, the scheme is aimed at simplifying the group’s structure and focus on the fast-growing commerce segment through a separate listed entity.

Suresh Kalpathi, Executive Director and Chairman, Veranda Learning, said,“The proposed Scheme is designed to create a more focused and agile organisation, enabling us to scale efficiently and deliver greater value to learners and stakeholders.” J.K. Shah, who will be the chairman and CEO of J.K. Shah Commerce Education Limited, said, “The partnership brings together strong capabilities and shared intent to expand access to high-quality commerce education at scale.”