Veranda Learning Solutions Subsidiary Secures ₹125 Crore RBL Bank Facility

Veranda Learning Solutions Limited on February 26, 2026 disclosed that its wholly owned subsidiary, Veranda XL Learning Solutions Private Limited, has executed a facility agreement with RBL Bank Limited aggregating ₹125 crore, as per a Regulation 30 filing with the stock exchanges.

Facility Agreement Executed By Wholly Owned Subsidiary

According to the company’s exchange intimation dated 26 February 2026, Veranda XL Learning Solutions Private Limited (VXL) entered into a facility agreement with RBL Bank Limited on 25 February 2026 to avail credit facilities totalling ₹125 crore.

The listed entity, Veranda Learning Solutions Limited, clarified that it is not a party to the agreement. The disclosure was made under Regulation 30 read with Regulation 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in line with SEBI Circular No. HO/CFD/CFD-PoD-2/P/CIR/2023/120, as referenced in the filing.

The sanctioned facilities comprise:

• Overdraft of ₹2 crore
• Term Loan–1 of ₹87 crore
• Term Loan–2 of ₹25 crore
• Working Capital Term Loan of ₹11 crore

These aggregate to ₹125 crore.

The agreement has been executed by VXL for availing the above facilities from RBL Bank Limited, which the company stated is not a related party.

Promoters Propose ₹62.5 Crore Share Pledge 

As detailed in Annexure B to the filing, the security structure includes a proposed pledge of shares by the promoters of Veranda Learning Solutions Limited aggregating to ₹62.5 crore in favour of RBL Bank Limited. The company clarified that the pledge agreement has not yet been executed and that requisite disclosures will be made upon execution, in accordance with applicable regulations.

Additional security includes:

• Corporate guarantees along with hypothecation of current assets and movable fixed assets of certain group entities, initially for an aggregate amount of ₹40 crore each, to be enhanced to ₹125 crore each within 45 days from the date of disbursement.
• Hypothecation of the entire current assets and movable fixed assets of Veranda XL Learning Solutions Private Limited.

The filing noted that any restrictions imposed on the listed entity under the facility agreement are in the nature of covenants and are not presently quantifiable.

Share Price Movement On February 26, 2026

Share price of Veranda Learning Solutions Limited were trading higher on 26 February 2026. As of 11:47 am IST, the stock was at ₹188.53, up ₹1.95 or 1.05% from the previous close of ₹186.58, according to NSE data.

The stock opened at ₹187.00 and touched an high of ₹189.79 and a low of ₹186.59 so far during the session. The 52-week high and low stand at ₹272.50 and ₹172.15, respectively.

The uptick followed the company’s disclosure that its wholly owned subsidiary had executed a ₹125 crore facility agreement with RBL Bank Limited.

Company Background

Veranda Learning Solutions Limited operates in the education technology and training services segment, offering test preparation, higher education services, and upskilling programmes through its subsidiaries and brands. Veranda XL Learning Solutions Private Limited is a wholly owned subsidiary of the listed entity.

The latest transaction relates to fund-raising at the subsidiary level through a mix of term loans and working capital facilities, secured by asset hypothecation, corporate guarantees and a proposed promoter share pledge.

Conclusion

The ₹125 crore facility agreement marks a structured borrowing by Veranda XL Learning Solutions Private Limited, with layered security including asset hypothecation and a proposed promoter pledge. The listed parent has clarified it is not a party to the agreement, and further disclosures are expected upon execution of the proposed pledge arrangement.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/b397df35-aec6-4388-a078-b08e876a6231.pdf
• https://www.bseindia.com/stock-share-price/veranda-learning-solutions-ltd/veranda/543514/corp-announcements/