Veranda Learning Solutions Ltd has fixed October 6, 2026, as the record date to determine shareholders eligible to receive equity shares of J.K. Shah Commerce Education Ltd (JSCEL), following the Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal (NCLT), Chennai Bench.
1:1 share entitlement
Under the sanctioned scheme, eligible shareholders of Veranda Learning as on the record date will receive one equity share of J.K. Shah Commerce Education Ltd for every one equity share held in Veranda Learning.
The shares will be allotted without any additional payment by eligible shareholders, subject to the terms of the scheme and applicable regulatory requirements.
JSCEL will subsequently pursue listing of its equity shares on BSE Ltd and the National Stock Exchange of India Ltd, subject to the required approvals and processes.
Focused commerce education company
The demerger will bring Veranda Learning’s commerce education businesses and brands, including J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce and Logic School of Management, under JSCEL.
The new structure is intended to give the commerce education business greater operational independence and strategic focus, allowing it to pursue dedicated growth strategies while building on its established brands, academic capabilities and market presence.
JSCEL will be led by Prof. J.K. Shah as Executive Director and Chairman. He will provide strategic leadership as the company builds on the J.K. Shah legacy and expands its presence in commerce education.
Milestone in the demerger process
Veranda Learning Solutions Ltd Executive Director and Chairman Suresh Kalpathi said the fixing of the record date marks another milestone in the demerger of the company’s commerce business.
“The creation of a focused, independently managed Commerce education company will enable greater agility, sharper execution and dedicated growth strategies, while allowing our shareholders to participate directly in its future growth,” Suresh Kalpathi, said.
Prof. J.K. Shah, who is set to become Executive Director and Chairman of JSCEL, said the new company would bring together established brands, academic expertise and a focus on helping students build strong foundations for their professional journeys.
“As a focused Commerce education company, JSCEL will be able to deepen its academic offerings, strengthen its presence across markets and build on the trust that generations of students have placed in the J.K. Shah legacy,” Prof. J.K. Shah said.
The demerger will separate the commerce education operations from Veranda Learning’s existing structure and create a focused entity for the segment, while giving eligible Veranda Learning shareholders direct ownership in JSCEL through the 1:1 share entitlement.