Shanti Educational Initiatives Limited disclosed that its promoters, Vedprakash Devkinandan Chiripal and Savitridevi V Chiripal, received a final order from the Securities and Exchange Board of India (SEBI) imposing penalties and market restrictions. The order, dated June 30, 2026, penalizes the promoters ₹5,00,000 each and restrains them from accessing the securities market for a period of four years. The company stated that based on its assessment and legal counsel, the order is not expected to have a material financial or operational impact.

The regulatory action was taken under Sections 11(1), 11(4), 11(4A), 11B (1), and 11B (2) of the SEBI Act, 1992. The final order was received by the promoters on July 1, 2026. The prohibitions prevent the promoters from buying, selling, or dealing in securities directly or indirectly, or being associated with the securities market in any manner during the restriction period.

Details of the SEBI Order

The final order addressed violations involving 226 entities, including the promoters of Shanti Educational Initiatives. The table below outlines the key particulars of the regulatory action disclosed to the stock exchanges.

Company Response and Future Action

Shanti Educational Initiatives clarified that the promoters reserve the right to appeal against the SEBI order. Under Section 15T and 15Z of the SEBI Act, 1992, the promoters may approach the Securities Appellate Tribunal (SAT) and the Supreme Court of India, respectively. The intimation was submitted to BSE Limited on July 2, 2026, by Whole-time Director Darshan Yogendrabhai Vayeda.

Shanti Educational Initiatives announced its audited financial results for the year ended March 31, 2026, following a board meeting on May 21, 2026. The board approved the standalone and consolidated financial results, which received an unmodified opinion from statutory auditors M/s. Nahta Jain & Associates. The company reported a consolidated net profit of ₹589.22 lacs for the full year, compared to ₹706.22 lacs in the previous year. For the quarter ended March 31, 2026, the consolidated net profit stood at ₹98.37 lacs, a significant turnaround compared to a loss of ₹47.45 lacs in the same quarter of the previous year.

Financial Performance

The company's total consolidated income for the year ended March 31, 2026, was ₹5942.96 lacs, a decrease from ₹6317.88 lacs in the prior year. Revenue from operations for the year was ₹5557.88 lacs, down from ₹5898.97 lacs in FY25. Total expenses for the year amounted to ₹5165.31 lacs, compared to ₹5346.52 lacs in the previous year. On a standalone basis, the company reported a net profit of ₹553.17 lacs for FY26, down from ₹662.71 lacs in the previous year.

Consolidated Financial Results (Year Ended March 31, 2026)

Q4 Performance Highlights

Shanti Educational Initiatives delivered a strong quarterly performance in Q4, with revenue rising to ₹2317.27 lacs from ₹1884.24 lacs in the same quarter of the previous year. The company reported a profit before tax of ₹155.44 lacs for the quarter, compared to a loss of ₹37.69 lacs in the prior year. The Q4 net profit was ₹98.37 lacs, reversing the loss of ₹47.45 lacs recorded in Q4 FY25.

Board Decisions

During the meeting, the board approved the re-appointment of M/s. Jhaveri Shah & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27. The firm, led by CA. Parag Jhaveri, brings expertise in audit and assurance, statutory audits, internal audits, and GST advisory. The appointment is effective from the upcoming financial year to ensure compliance with the Companies Act, 2013, and SEBI LODR Regulations.

The board also sanctioned the issuance of a letter of comfort to ICICI Bank Limited to facilitate a loan of ₹59.10 million for M/s. Uniformverse Private Limited, a subsidiary of the company. The letter of comfort serves as an assurance that the company will not dilute its beneficial ownership in the subsidiary without prior written consent and indemnifies the bank against losses arising from non-fulfillment of obligations by the borrower. The company clarified that this is a comfort measure and not a guarantee.

Operational Highlights

The operations of the company fall under a single reportable segment, 'Education'. The financial results were prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The auditors confirmed that the consolidated financial results include the financials of Shanti Educational Initiatives Limited (Parent), Little Marvel Private Limited (Wholly owned Subsidiary), Uniform Verse Private Ltd (Subsidiary), and Shanti Learning Initiatives Limited (Wholly owned Subsidiary). Shanti Learning Initiatives Private Limited became a subsidiary with effect from January 12, 2026.