Legal · Education & Skilling

Veranda gets NCLT approval for commerce demerger

By Startup Enthusiast · 24 August 2026

What they do

Veranda Learning offers coaching for professional exams like CA and CS through various digital and classroom modes

The Chennai NCLT approved a scheme to split the commerce business into a separate company named JSCEL

This restructuring aims to create independently managed education units under the Veranda 2.0 strategic plan

The Chennai Bench-I of the NCLT sanctioned the Composite Scheme of Arrangement for Veranda Learning Solutions.
The court order allows the demerger of the commerce education business into a new entity called JSCEL.
The company is currently in the execution phase and must complete regulatory filings and customary approvals.
Suresh Kalpathi, Executive Director and Chairman, described the NCLT approval as a significant milestone for the firm.
Remaining steps include determining the record date, allotting shares, and completing the process for JSCEL listing.
The timeline for share entitlement and the specific listing date will be announced via future regulatory disclosures.
The demerger is part of the broader Veranda 2.0 restructuring initiative for focused business management.

The move separates the commerce vertical to allow it to operate as an independently managed business unit.

JSCEL will house the entire commerce education business including several key academic brands and institutes.
The portfolio includes J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, and Tapasya College of Commerce.
It also includes the Logic School of Management as part of the transferred commerce operations.
The company provides coaching for professional qualifications such as CA, CS, CMA, ACCA, and CPA.
Courses are delivered through multiple formats including classroom sessions, hybrid models, and online learning platforms.

The company will announce the record date and share allotment schedule through official regulatory disclosures.
JSCEL aims to achieve a separate stock market listing following the completion of all procedural steps.