Veranda Learning Share Price in Focus; Signs ₹140 Crore Term Loan with City Union Bank

Veranda Learning Solutions Limited has entered into a ₹140 crore term loan agreement with City Union Bank Limited, as per an exchange filing. The company disclosed that the agreements were executed on 24 February 2026. 

The borrowing follows an earlier intimation dated 6 February 2026, when the board approved raising the facility. 

Use of Funds 

The company said the proceeds will be used, among other purposes, to redeem Non-Convertible Debentures (NCDs) issued by Veranda Learning Solutions Limited and its wholly owned subsidiary, Veranda Race Learning Solutions Private Limited. The facility has been structured as a term loan of ₹140 crore. 

Security and Property Backing 

The loan is secured by collateral, including two land parcels with school buildings owned by Veranda K-12 Learning Solutions Private Limited. The first property measures 36,590 sq. ft. in  Perungudi, Chennai. The other measures 1,74,720 sq. ft. in  Tiruchirapalli. Both properties comprise 3-storey school buildings. 

Guarantees and Asset Cover 

Personal guarantees have been provided by promoters Kalpathi S Aghoram, Kalpathi S Ganesh and Kalpathi S Suresh. 

Corporate guarantees have also been extended by certain subsidiaries. In addition, receivables and other present and future current assets of the borrower and several subsidiaries have been hypothecated. 

Under the Deed of Hypothecation, each security provider secures ₹140 crore, except Phire Learning Solutions Private Limited, which secures ₹40 crore. The deed has been executed in favour of SBICAP Trustee Company Limited as security trustee. 

Proposed Share Pledge 

The promoters have proposed creating a pledge over equity shares of Veranda Learning Solutions Limited aggregating ₹50 crore. The pledge agreement has not yet been executed, and further disclosures are to follow. 

Read More: Exide Industries Share Price in Focus; Subsidiary EESL Investment Reaches ₹4,352 Crore! 

Veranda Learning Solutions Share Price Performance  

As of February 25, 2026, 1:54 pm, Veranda Learning Solutions share price was trading at ₹187.34, a 2.39% decrease from the previous closing price. 

Conclusion 

The ₹140 crore borrowing has now been contractually completed. Details of the loan structure, security and guarantees have been disclosed to the exchanges. 

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