Veranda Learning Solutions Ltd

The Board of Veranda Learning Solutions at its meeting held on 05 May 2025 has approved the appointment of Saurani Pathan Mohasin Khan as the new Chief Financial Officer (CFO) of the company. Powered by Capital Market - Live

Veranda RACE, a Veranda Learning enterprise and a leading institute for competitive exam training and professional upskilling, announced the signing of MoU with NEMI Education to offer an IIT Indore certified Post Graduate Program in Banking, Financial Services, and Insurance (BFSI). This program is a significant step in bridging the skill gap and equipping aspiring professionals with industry-relevant expertise. As an exclusive skilling partner of IIT Indore through its skilling wing, Drishti CPS, NEMI Education designs and delivers cutting-edge skilling programs. These courses will be taught by a combination of esteemed faculty members, experienced practicing managers, and a robust technology-driven learning platform. With its extensive reach, strong presence in BFSI training, and deep understanding of the learning needs of aspirants, Veranda RACE will play a crucial role in ensuring that a wide range of students benefit from this program. Veranda RACE's proven track record in mentoring candidates through structured training programs and industry-focused learning will enable more learners across the country to acquire essential skills and advance their careers in the BFSI sector. The initial program will be Post Graduate Certificate in BFSI and delivered online, catering to a broad range of learners. With a duration of 4 to 6 months, the first cohort is tentatively set to commence on 01 May 2025. Powered by Capital Market - Live

The partnership will deliver these courses through the SWAYAM Plus platform, a digital learning initiative by India's Ministry of Education in collaboration with IIT Madras. The initial offerings are scheduled to launch in the coming months, with plans to expand into other educational domains later. Emphasizing outreach to Tier-2 and Tier-3 towns, this initiative will equip students with the tools necessary to achieve their academic and career goals. Prof. R. Sarathi, dean of planning at IIT Madras, stated, ''SWAYAM Plus is designed to make quality education accessible to all, and this collaboration with Veranda Learning will enhance the learning experience for thousands of students across domains.' Rajesh Pankaj, chief program officer of Veranda Learning, said, 'At Veranda Learning, we are committed to bridging the education divide by making quality learning accessible to all. Partnering with SWAYAM Plus enables us to extend our expertise to a broader audience, ensuring that aspirants across India receive high-quality courses across domains.' Veranda Learning Solutions, part of the Kalpathi AGS Group, is a publicly listed education technology company that offers a bouquet of training programs for competitive exam preparation, including state public service commission, banking, insurance, railways, IAS, and CA, as well as a slew of professional skilling and upskilling programs. The company reported a net loss of Rs 193.83 crore in the quarter ended December 2024, compared to a net loss of Rs 17.26 crore in the previous quarter ended December 2023. Sales rose 7.96% to Rs 99.15 crore in Q3 FY25, compared with Q3 FY24.Powered by Capital Market - Live

Veranda Learning Solutions, a listed enterprise offering end-to-end solutions in the education space, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Madras. This partnership aims to deliver high-quality, accessible, and affordable education to aspirants for skill building. The initial set of courses will help students to enhance their skills for competitive exams. Under this initiative, Veranda Learning will offer a range of meticulously designed courses on the SWAYAM Plus platform'a digital learning initiative by the Ministry of Education, Government of India, in collaboration with IIT Madras. The initial offering, focused on competitive exam preparation, is scheduled to launch in the coming months, with plans to diversify into other domains later. Emphasizing outreach to Tier-2 and Tier-3 towns, this endeavour will empower students with the tools needed to achieve their academic and career goals. SWAYAM Plus unites leading academic and industry partners to deliver quality courses across various disciplines. Veranda Learning's involvement will bolster the platform's skill building segment, providing structured and effective learning pathways to thousands of students nationwide. Powered by Capital Market - Live

The company intends to acquire an additional 10.59% stake in BB Virtuals by June 2025. With these acquisitions, Veranda expects to achieve a pro forma EBITDA exceeding Rs 120 crores for FY25. BB Virtuals, founded by the renowned chartered accountant (CA) educator Bhanwar Borana, has established itself as a top-notch online platform for CA and commerce aspirants. It has trained over 200,000 students online, producing more than 500 all-India rank-holders. Navkar Digital, founded by Mr. Hiteshkumar Shah, is a well-established offline education platform for chartered accountancy (CA), company secretary (CS), and cost & management accountancy (CMA) aspirants in Gujarat. Prof. J.K. Shah, founder of JK Shah Classes, said: By bringing in BB Virtuals and Navkar Digital into the Veranda ecosystem integrating these companies with JK Shah Classes, we are building a powerful alliance that provides students pursuing commerce education with unparalleled academic support. Veranda Learning Solutions, part of the Kalpathi AGS Group, is a public listed education technology company that offers a bouquet of training programs for competitive exam preparation, including state public service commission, banking, insurance, railways, IAS, and CA, as well as a slew of professional skilling and upskilling programmes. The company had reported a net loss of Rs 193.83 crore in the quarter ended December 2024 as against net loss of Rs 17.26 crore during the previous quarter ended December 2023. Sales rose 7.96% to Rs 99.15 crore in Q3 FY25 as compared with Q3 FY24. The scrip fell 1.45% to currently trade at Rs 237.15 on the BSE. Powered by Capital Market - Live

Veranda Learning Solutions has taken a 40.41% stake in BB Publications (BB Virtuals) and acquired 65% stake in Navkar Digital Institute (Navkar Digital). Veranda Learning will acquire an additional 10.59% stake in BB Virtuals by June 2025. The acquisitions amplify Veranda Learning's position as a leader in commerce education across India and the company's commerce vertical is expected to achieve a pro forma EBITDA exceeding Rs 120 crore for FY25. Powered by Capital Market - Live

Net Loss of Veranda Learning Solutions reported to Rs 193.83 crore in the quarter ended December 2024 as against net loss of Rs 17.26 crore during the previous quarter ended December 2023. Sales rose 7.96% to Rs 99.15 crore in the quarter ended December 2024 as against Rs 91.84 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales99.1591.84 8 OPM %-32.9114.90 - PBDT-66.60-2.72 -2349 PBT-206.14-20.42 -910 NP-193.83-17.26 -1023 Powered by Capital Market - Live

Veranda Learning Solutions has revised the meeting of the Board of Directors which was scheduled to be held on 11 February 2025. The meeting will now be held on 13 February 2025.Powered by Capital Market - Live

Veranda Learning Solutions will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

The frontline indices continued to trade in a narrow range with major losses in the mid-afternoon trade, mirroring negative global cues after the US Federal Reserve's interest rate decision. The Nifty traded below the 23,950 mark. Realty shares extended losses for the third consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, tumbled 998.71 points or 1.24% to 79,195.28. The Nifty 50 index dropped 255.10 points or 1.05% to 23,943.75. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index slipped 0.47% and the S&P BSE Small-Cap index fell 0.51%. The market breadth was weak. On the BSE, 1,547 shares rose and 2,409 shares fell. A total of 103 shares were unchanged. IPO Update: The initial public offer (IPO) of DAM Capital Advisors received bids for 3,88,48,364 shares as against 2,08,04,632 shares on offer, according to stock exchange data at 14:40 IST on 19 December 2024. The issue was subscribed to 1.87 times. The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 269 to Rs 283 per share. An investor can bid for a minimum of 53 equity shares and in multiples thereof. Buzzing Index: The Nifty Realty index slipped 1.39% to 1,096.90. The index fell 1.94% in three consecutive trading sessions. Mahindra Lifespace Developers (down 1.96%), Macrotech Developers (down 1.81%), Prestige Estates Projects (down 1.8%), Phoenix Mills (down 1.79%), Oberoi Realty (down 1.54%), Raymond (down 1.45%), Sobha (down 1.05%), DLF (down 1%), Godrej Properties (down 0.57%) and Brigade Enterprises (down 0.11%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.58% to 6.901 as compared with the previous close of 6.861. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.0775, compared with its close of 84.9450 during the previous trading session. MCX Gold futures for the 5 February 2024 settlement fell 0.73% to Rs 76,090. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 108.05. The United States 10-year bond yield added 0.47% to 4.522. In the commodities market, Brent crude for February 2024 settlement lost 38 cents, or 0.52% to $73.01 a barrel. Stocks in Spotlight: Veranda Learning Solutions slipped 2.09%. The company said that its subsidiary Veranda XL has signed an MoU with SRM Institute of Science and Technology (SRMIST) to deliver professional chartered accountancy (CA) coaching classes. Doms Industries dropped 4.33% after the company's holding firm, FILA has sold 4.57% equity share capital of the company through accelerated bookbuilding process (ABB).Powered by Capital Market - Live