JSCEL allots 9,65,06,610 equity shares to shareholders under composite scheme

JSCEL has allotted 9,65,06,610 fully paid-up equity shares of face value Rs. 10 each to Veranda Learning shareholders as on the October 06, 2026 record date, in the 1:1 ratio under the composite scheme.

Wed 7 Oct 2026

Shares Allotted

9,65,06,610 fully paid-up equity shares of face value Rs. 10 each

Share Entitlement Ratio

1:1

Record Date

October 06, 2026

What the update says

Veranda Learning Solutions Limited (VLS) has informed BSE and NSE about a material update in connection with the Composite Scheme of Arrangement among VLS, Veranda XL Learning Solutions Private Limited and J.K. Shah Commerce Education Limited (JSCEL), the resulting company.

JSCEL's Listing Committee met on October 07, 2026 and approved the following.

Allotment of shares to VLS shareholders

JSCEL has allotted 9,65,06,610 fully paid-up equity shares of face value of Rs. 10/- each to the equity shareholders of VLS as on the Record Date, October 06, 2026.

This is in terms of the Share Entitlement Ratio of 1:1 specified in Clause 4.14 of the Scheme, meaning 1 fully paid-up equity share of JSCEL of face value Rs. 10/- for every 1 fully paid-up equity share of face value Rs. 10/- held in VLS.

In simple terms, the shares have been given out in the same proportion as the shareholder's holding in VLS - one JSCEL share for each VLS share held on the record date.

• Number of shares allotted: 9,65,06,610
• Face value of each allotted share: Rs. 10/-
• Entitlement ratio: 1:1

Cancellation of JSCEL's pre-Scheme share capital

The Listing Committee also approved the cancellation and reduction of the entire pre-Scheme paid-up share capital of JSCEL, comprising 1000 fully paid-up equity shares of Rs. 10/- each, which was entirely held by VLS.

As a result, JSCEL has ceased to be a wholly owned subsidiary of the Company with effect from October 07, 2026.

Listing and trading of the new shares

JSCEL will take the necessary steps to obtain listing and trading permission for the allotted equity shares from BSE Limited and National Stock Exchange of India Limited. These shares will remain frozen till the time listing and trading permission is granted to JSCEL by the Stock Exchanges.

What this means for a shareholder

The communication is about the share entitlement under the Scheme reaching the allotment stage for eligible VLS shareholders as on the record date of October 06, 2026. The allotted shares are held in frozen form until the listing and trading permission comes through from the exchanges.

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