$VERANDA

VERANDA LEARNING: NCLT APPROVES AMALGAMATION OF TWO WHOLLY-OWNED SUBSIDIARIES 📚⚖️ • ✅ NCLT Chennai has approved the Scheme of Amalgamation between Veranda K-12 Learning Solutions and Veranda Administrative Learning Solutions • 🔄 The merger involves two wholly-owned subsidiaries, aimed at simplifying the corporate structure • 📄 The amalgamation will become effective upon filing the NCLT order with the Registrar of Companies • 🏢 Following completion, the transferor company will stand dissolved as per the approved scheme 🟢 Impact: Positive (Corporate restructuring simplifies operations, improves efficiency and strengthens organizational structure.)