Veranda Learning Solutions Ltd. · NSE:VERANDA
Veranda Learning Solutions — Investor Presentation (July 2025)
12 slides from Veranda Learning Solutions's investor presentation, Jul 28, 2025
Slide 1: Veranda Learning Solutions Limited – Regulation 30 Investor Presentation Letter
Veranda Learning Solutions Limited July 28,2025 BSE Limited National Stock Exchange of India Limited Dept of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Dalal Street, Fort, Kurla Complex, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 543514 Symbol: V
Slide 2: Veranda Learning Solutions Ltd (VLS) Investor Presentation
Veranda Learning Solutions Ltd (VLS) Investor Presentation
Slide 3: Safe Harbor
Safe Harbor ▪ This presentation and the following discussion may contain “forward looking statements” by Veranda Learning Solutions Limited (“Veranda Learning” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results
Slide 4: Background
Background Veranda Learning Solutions Limited (VLS) proposes to demerge its Commerce Test Prep into a separate listed company (called JK Shah Commerce Education Limited – JKSC)* based on the recommendations of the Restructuring Committee and the Board wherein the existing shareholders of VLS will re
Slide 5: Proposed merger and demerger
Proposed merger and demerger Merger Demerger Resultant Structure 100% Shareholder Shareholder Shareholder 100% 100% 100% Veranda Learning Solutions Veranda Learning Solutions 100% Veranda Learning Solutions Ltd. (VLS) JKSC JKSC Ltd. (VLS) Ltd. (VLS) 100% Academic, Academic, Govt Test Commerce Govt T
Slide 6: Rationale for Demerger
Rationale for Demerger Commerce Education Business has a distinct profile; well-positioned to chart its own growth path as a separate entity • Tailored strategy aligned with industry-specific dynamics and emerging market trends • Leverages brand strength and domain expertise for independent scale-up
Slide 7: Transaction Perimeter
Transaction Perimeter Properties, assets, investments, employees, liabilities & contracts forming part of Commerce Test Prep are intended to be transferred - Transfer of some properties (on leasehold land) require prior approval / consent from lessors / regulators - Common assets such as offices, ma
Slide 8: Demerger process timelines
Demerger process timelines Jul 25 Aug Sept Oct Nov Dec Jan 26 Feb Mar Apr May Jun Restructuring Committee Approval EGM Filing application with stock exchange Receipt of Stock Exchange Approval Filing of NCLT Scheme Shareholders / Creditors Meeting Filing of NCLT Scheme Receipt of NCLT Order Filing w
Slide 9: Value unlocking
Value unlocking Commerce Segment Non Commerce Segment Particulars (Cr) FY26 Particulars (Cr) FY26 Revenue 344 Revenue 328 EBITDA 136 EBITDA 44 EV EBITDA Multiple 20 EV EBITDA Multiple 15 Enterprise Value 2,716 Enterprise Value 666 Less: Debt - Less: Debt 181 Less: Deferred 408 Less: Deferred 41 Add:
Slide 10: Commerce Segment projections
Commerce Segment projections FY25* FY26E Total Students (nos) 1,69,537 2,01,287 Total Revenue (INR Crore) FY25 FY26E JK Shah 123 139 BB Virtual 69 85 Navkar 29 33 Tapasya 60 71 Managed College 0 15 Total 281 344 Growth % 22% Total EBITDA (INR Crore) FY25 FY26E JK Shah 23 30 BB Virtual 40 47 Navkar 1
Slide 11: Transaction Advisors (Recommended)
Transaction Advisors (Recommended) FINANCIAL ADVISOR AND FAIRNESS OPINION PROVIDER VALUER TAX ADVISOR LEGAL ADVISOR Snr. Advocate PH Arvind Pandian
Slide 12: Thank You
Thank You
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