Veranda Learning's commerce vertical (JK Shah Classes) demerger has received NCLT approval, with October 6th set as record date and separate listing planned later

Fri 2 Oct 2026

FY30 commerce revenue target

1,000 crore rupees

Stock move from 2026 lows

68 percent

Autumn Investment stake

more than 10 percent

FY30 learners target

8 lakh plus enrollments

FY30 EBITDA margin target

50 percent plus

Heard on business television between 07:33:29 - 07:36:29 IST.

• NCLT approval received for demerger of commerce vertical into JK Shah Classes, record date set as October 6th; one JK Shah share for one Veranda Learning share held.
• Commerce vertical contributes 71% of revenue; FY30 guidance targets 1,000 crore revenue, 8 lakh plus enrollments, 50%+ EBITDA margins.
• Professor JK Shah to become ED and chairman of demerged entity; brands include BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce.
• Stock up 68% from 2026 lows, backed by Autumn Investment (10%+ stake) and promoted by Sanjay Dangi; said to be trading cheaply versus PhysicsWallah.
• Risks flagged: lack of analyst coverage, low FII/DII exposure, promoter share pledge, and rising competition.

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