Shanti Educational Initiatives Limited has fixed September 18, 2026 as the record date for its 38th Annual General Meeting, scheduled for September 25, 2026 at 3:00 pm, where shareholders will vote on material related-party transactions of up to ₹40 crore.

The record date, set pursuant to Regulation 42 of the Listing Regulations, determines member entitlement for remote e-voting and e-voting at the AGM. Remote e-voting will be available from September 22, 2026 to September 24, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means. The company reported an annual consolidated turnover of ₹5,942.96 lakh as on March 31, 2026.

AGM record date and e-voting details

The following table captures the key dates and purpose associated with the AGM:

Key resolutions

Shareholders will vote on several ordinary resolutions during the meeting:

• Adoption of standalone and consolidated financial statements for FY26.
• Reappointment of Mrs. Komal Bajaj as a director, who retires by rotation.
• Approval of material related-party transactions with promoter-linked entities.

Related-party transactions

The Board seeks approval for transactions with three related parties, all structured as unsecured loans, advances, or guarantees funded by internal accruals. These transactions are intended to support business operations and charitable activities while generating interest income for the listed entity.

Vijay Subham Contrade Private Limited is linked to Managing Director Vishal V Chiripal due to shareholding. Kautilya Traders Private Limited is part of the Promoter Group. Chiripal Charitable Trust shares common trustees with the promoter group.

All loans will carry interest rates not lower than the prevailing yield of Government Securities closest to the tenor of the loan. The Audit Committee has approved these transactions after confirming they are at arm's length and in the normal course of business.

What the numbers show

The proposed related-party transactions represent a significant deployment of surplus funds relative to the company's operating scale. With an annual consolidated turnover of ₹5,942.96 lakh, the combined exposure of ₹40 crore across the three entities exceeds the company's total annual revenue by approximately five times. This indicates that the related-party loans are primarily treasury management activities rather than operational working capital extensions, aimed at generating interest income from internal accruals.

Shanti Educational Initiatives submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the Bombay Stock Exchange on August 29, 2026. The filing, made pursuant to Regulation 34(2)(f) of the SEBI (LODR) Regulations, 2015, covers the period from April 1, 2025, to March 31, 2026.

The company reported a turnover of ₹2,348.86 lakh and a net worth of ₹7,582.77 lakh during the fiscal year. These figures trigger Corporate Social Responsibility (CSR) applicability under Section 135 of the Companies Act, 2013. The report is available on the company’s website.

Governance and Material Issues

Shanti Educational Initiatives identified five material responsible business conduct issues: data privacy and cyber security, human capital management, innovation and quality, business ethics and corporate governance, and community development. The company flagged data privacy and human capital management as carrying negative financial implications if risks materialize, while viewing innovation, ethics, and community engagement as opportunities with positive implications.

A Risk Management Committee, chaired by Whole-time Director Darshan Vayeda, oversees sustainability-related decision-making. Managing Director Vishal Chiripal and Vayeda are designated as the highest authorities responsible for implementing the business responsibility policies. The Board reviews performance against National Guidelines on Responsible Business Conduct (NGRBC) principles annually.

Employee Metrics and Welfare

As of March 31, 2026, the company employed 102 permanent staff members, comprising 56 males and 46 females. There were no workers on the payroll, as the company engages such personnel through contracted services. The employee turnover rate for permanent staff stood at 59% in FY26, up from 51% in FY25 and significantly higher than the 14% recorded in FY24.

The company reported 100% coverage of permanent employees under health and accident insurance schemes. Additionally, 92% of employees were covered under gratuity benefits, while 41% participated in the Provident Fund scheme. No employees took parental leave during the year, resulting in a 100% return-to-work rate for those who had previously taken leave.

Operational and Environmental Disclosures

Shanti Educational Initiatives operates two offices nationally across six states, serving franchisees and employed professionals in the K-12 school sector. The company reported zero energy consumption, water withdrawal, greenhouse gas emissions, and waste generation for FY26, consistent with its classification as an education support services provider rather than a manufacturing entity.

No complaints were received from stakeholders regarding conflict of interest, sexual harassment, discrimination, or working conditions during the year. The company also reported no fines, penalties, or disciplinary actions taken by law enforcement agencies against directors, key managerial personnel, or employees for bribery or corruption.