$VERANDA

VERANDA LEARNING: J.K. SHAH UNIT APPROVES GOVERNANCE CHANGES AHEAD OF SCHEME 📚⚖️ • 🏛️ J.K. Shah Commerce Education Ltd. (JSCEL) approved a new Articles of Association, subject to shareholder approval, to align with requirements applicable to a listed company under the proposed composite scheme. • 🔄 The changes are part of the Composite Scheme involving Veranda Learning, Veranda XL Learning Solutions, and J.K. Shah Commerce Education, under which the commerce business will be demerged into JSCEL. • 👨‍💼 The Board approved the appointment of KKC & Associates LLP as Statutory Auditors for a 5-year term (subject to shareholder approval). • 📋 SAAKSH and Associates LLP was appointed as Internal Auditors for FY27, while Nilesh Shah & Associates was appointed as Secretarial Auditors for five years, subject to shareholder approval. 🟢 Impact: Positive (The update reflects progress in the restructuring process and strengthens governance ahead of the proposed scheme and listing-related changes.)