Mandhana, the Indian T20 vice captain, is set to form a devastating opening partnership with England's Danni Wyatt at Southern Brave.
Shafali is holding onto her top rank with 776 ranking points well ahead of Australians Beth Mooney (744) and Meg Lanning (709).
Robbed of crucial game-time due to the pandemic, India will get the ball rolling with the UK tour comprising a one-off Test, three ODIs and as many T20s.
The hard-hitting batter said she consulted pace bowler Harshal Patel, who started his IPL 2021 campaign with a five-wicket haul for Royal Challengers Bangalore, and spinner Rahul Tewatia on dealing with bouncers.
The two notable names dropped from the 19-strong list are batter Veda Krishnamurthy and left-arm spinner Ekta Bist.
The women's side is set to play a one-off Test match before playing three ODIs and as many T20Is against England.
Shefali joins the trio of T20 skipper Harmanpreet Kaur (Sydney Thunder), opener Smriti Mandhana (Brisbane Heat) and all-rounder Veda Krishnamurthy (Hobart Hurricanes), which has featured in the WBBL.
Verma, who had regained the top position last week, garnered 26 rating points for her knock in the final and is now currently on 776 rating points.
Shafali, who won the Player of the Series award in the T20I series against South Africa on Tuesday despite India losing the series, played some scintillating knocks in the series.
The teenage batting sensation says deep down she knows there is something lacking in her game.
The 17-year-old, who regained the number one spot in the ICC T20I batswomen rankings on Tuesday, was named player of the series after knocks of 23, 47 and 60.
Shafali hit seven fours and five sixes during her blistering knock while Mandhana had nine boundaries in her unbeaten innings.
Shafali Verma reached the top of the Women's T20I Rankings for batters after a blistering show against South Africa in the 2nd T20I.
With 744 rating points, Verma is behind leader Beth Mooney (748) of Australia while Mandhana has 693 points.
Shafali is part of the T20 squad that will play three games against South Africa.
Shafali was 15 when she earned her maiden-call up last year and six months after making her India debut, she played a major role in the team's march to the T20 World Cup final in March.
After winning accolades for her performance in the World T20, Shafali said that the road ahead will only get steeper and she will look to rise to every challenge that comes her way in taking the women's team to become world-beaters.
Verma was 15 when she received her maiden national call-up last September and thereafter, the attention she got as a teenage sensation was expected.
Brett Lee said it was really difficult to see Shafali Verma cry but praised her for her mental strength during the Women's T20 World Cup.
Beth Mooney became the top-ranked batter in the ICC Women's T20I Rankings, replacing India's Shafali Verma.
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