Veranda Learning Promoters Pledge Shares for Parent and Subsidiary Bank Facilities

Veranda Learning Solutions Ltd. ( (IN:VERANDA) ) has issued an update.

Veranda Learning Solutions has disclosed that its promoters, Kalpathi S Aghoram, Kalpathi S Ganesh and Kalpathi S Suresh, have executed pledge documents in connection with recently availed credit facilities. One pledge deed is in favour of SBI Cap Trustee Company, acting for City Union Bank, related to a facility for Veranda Learning Solutions, where the company is a confirming party.

Another pledge deed has been executed in favour of RBL Bank for a credit facility availed by its wholly owned subsidiary, Veranda XL Learning Solutions, in which the listed parent is not a party. The company has formally notified exchanges under SEBI Listing Regulations and indicated that detailed information has been made available on its website for investors and other stakeholders.

More about Veranda Learning Solutions Ltd.

Veranda Learning Solutions Limited is an Indian education company focused on learning solutions, operating through its main entity and wholly owned subsidiaries. Listed on BSE and NSE, it leverages credit facilities to support its operations and growth in the competitive education and training market.

Average Trading Volume: 8,850

Technical Sentiment Signal: Sell

Current Market Cap: 18.43B INR

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