Chennai, March 20 -- 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 (CSA) involving VLS, Veranda XL Learning Private Limited (VXLS), and JSCEL.
The NCLT has directed VLS to convene a meeting of its equity shareholders on April 24 via video conferencing, to consider and approve the proposed CSA.
In a move that streamlines the process, the NCLT has dispensed with multiple stakeholder meetings across VLS, VXLS, and JSCEL, accelerating the path forward.
First announced in September 2025, the scheme is ai...