Veranda Learning's Executive Director and Chairman Suresh Kalpati detailed the demerger and listing timeline for JK Shah classes and outlined the commerce vertical's business segments

Fri 2 Oct 2026

K-12 managed school students

5,500 students

Heard on business television between 07:45:29 - 07:48:29 IST.

• Suresh Kalpati said October 6th is the record date for the JK Shah demerger, with allotment on 7th and update of the information memorandum on 8th.
• He expects JK Shah classes to list by the second week of November, about four weeks after update, citing in-principle exchange approvals already obtained before the NCLT scheme.
• He described the commerce vertical as three parts: offline JK Shah classes, online BB Virtuals, and academic tie-ups with junior colleges and B.Com colleges in Andhra, Telangana and Karnataka, offering CA, CMA, CFA, CPA and CS programs.
• He said the business is highly profitable and quasi debt-free after an NCD issuance subscribed to by promoters, with plans to grow student base and physical presence.
• He noted the managed K-12 school segment currently has about 5,500 students and will expand via an asset-light model, starting in Tamil Nadu and Karnataka before expanding to South and West India.

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