J.K. Shah Commerce Education board constituted ahead of October 6, 2026 demerger record date

Veranda Learning has announced the constitution of the Board of J.K. Shah Commerce Education Ltd (JSCEL), ahead of the October 6, 2026 Record Date for the demerger of its Commerce education vertical.

Mon 5 Oct 2026

Demerger Record Date

October 6, 2026 Record Date for the demerger of its Commerce education vertical

JSCEL Board Size

eight-member board, including four independent directors

Listing Plan

JSCEL will subsequently pursue listing on BSE and NSE

Chairman & Managing Director

Prof. J.K. Shah

Chief Financial Officer

CA Kalpesh J. Mehta

The board of the demerged commerce entity takes shape

Veranda Learning Solutions Limited has announced the constitution of the Board of Directors of J.K. Shah Commerce Education Limited (JSCEL), ahead of the October 6, 2026 Record Date for the demerger of its Commerce education vertical. Eligible shareholders of Veranda Learning as on the Record Date will receive equity shares of JSCEL in accordance with the terms of the sanctioned Scheme of Arrangement and applicable regulatory requirements.

What JSCEL will house

JSCEL will bring together J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce and Logic School of Management under a focused Commerce education platform.

The eight-member board

• Prof. J.K. Shah - Chairman & Managing Director
• Ms. Pooja Jinit Dharia - Whole-time Director
• Mr. Vishal Shah - Whole-time Director
• Mr. Sreedhar Muppala - Non-Executive, Non-Independent Director
• Mr. Devendra Raj Mehta - Independent Director
• Mr. Rajeev Sharma - Independent Director
• Mr. Vijay Choraria - Independent Director
• Mr. Nilesh Bansilal Mehta - Independent Director

Profile of the independent directors

Mr. Devendra Raj Mehta is a former Deputy Governor of the Reserve Bank of India and former Chairman of SEBI, and a recipient of the Padma Bhushan. Mr. Rajeev Sharma is a Chartered Accountant, Company Secretary and a cost accountant. Mr. Vijay Choraria is a Chartered Accountant and a Harvard Business School alumnus. Mr. Nilesh Bansilal Mehta has over 40 years of experience in investing, financial services and business strategy, including more than 20 years in direct private equity investing; he is a Chartered Accountant and a management graduate from IIM Ahmedabad.

Leadership and CFO

Prof. J.K. Shah, who has been associated with Commerce education for over four decades, will lead JSCEL as Chairman & Managing Director, providing continuity to the legacy of J.K. Shah Classes. CA Kalpesh J. Mehta will serve as Chief Financial Officer of JSCEL; he is a Chartered Accountant with over 25 years of experience, having worked across listed companies and sectors including financial services, manufacturing, construction and education.

What the management said

Mr. Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions, said the constitution of the Board marks an important step as the Commerce business begins its next chapter as a focused entity, bringing together the legacy and academic leadership of Prof. J.K. Shah with experienced professionals and distinguished independent directors. Prof. J.K. Shah, Chairman & Managing Director, JSCEL, said JSCEL brings together strong Commerce education brands and talented academic teams under one platform, and that with the right leadership and governance in place, the focus is on building on this legacy and taking Commerce education to a larger audience.

Listing of JSCEL shares

JSCEL will subsequently pursue listing of its equity shares on BSE Limited and National Stock Exchange of India Limited, subject to applicable approvals and processes.

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