Veranda Learning Solutions Ltd Share Price – NSE  /  BSE

Education, Small Cap

Pearson is enhancing its strategic partnership with Veranda Race, a Veranda Learning enterprise and a well-known name in Test Preparation, to introduce a comprehensive and hybrid test preparation content for Bank Probationary Officers (Bank PO) examination in India. It is estimated that over 3 million students in India prepare for the Bank PO examinations annually. This comprehensive test preparation series, including 8 books and digital assessments, is designed with mock papers that closely simulate the entrance exams for Probationary Officers (PO) and Clerks conducted by IBPS and SBI.

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Net Loss of Veranda Learning Solutions reported to Rs 41.00 crore in the quarter ended March 2024 as against net loss of Rs 38.68 crore during the previous quarter ended March 2023. Sales rose 111.96% to Rs 102.61 crore in the quarter ended March 2024 as against Rs 48.41 crore during the previous quarter ended March 2023.

For the full year,net loss reported to Rs 79.71 crore in the year ended March 2024 as against net loss of Rs 79.21 crore during the previous year ended March 2023. Sales rose 124.18% to Rs 361.73 crore in the year ended March 2024 as against Rs 161.36 crore during the previous year ended March 2023.

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Veranda Learning Solutions will hold a meeting of the Board of Directors of the Company on 28 May 2024.

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Veranda Learning Solution has allotted 20 lakh equity shares to the promoters of the company at Rs. 307 per share. This allotment follows the conversion of 20 lakh warrants, with the balance amount of Rs.46.05 crore, representing 75% of the warrant issue price being paid on 26 April 2024.

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