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.

Shanti Educational Initiatives Limited reported a standalone Profit After Tax of ₹553.17 Lakhs for FY 2025-26, down from ₹662.71 Lakhs in FY 2024-25, as revenue from operations declined to ₹2348.86 Lakhs from ₹2632.21 Lakhs.

FY26 Financial Performance

On a standalone basis, total income for FY 2025-26 stood at ₹2757.64 Lakhs compared to ₹2981.13 Lakhs in the previous year. EBITDA came in at ₹801.91 Lakhs, representing a margin of 34.14%. The company maintained a debt-to-equity ratio of 0.00, reflecting a debt-free balance sheet. Basic and diluted EPS stood at ₹0.34 for FY 2025-26, compared to ₹0.41 in FY 2024-25.

On a consolidated basis, total income declined to ₹5942.96 Lakhs from ₹6317.88 Lakhs. Consolidated Profit Before Tax was ₹777.20 Lakhs versus ₹978.16 Lakhs in the prior year, while consolidated Profit After Tax was ₹589.22 Lakhs compared to ₹706.21 Lakhs. Consolidated basic and diluted EPS stood at ₹0.37 against ₹0.44 in FY 2024-25.

Standalone Financial Summary

Consolidated Financial Summary

Proposed Merger with GREW Energy

On 2 March 2026, the Boards of Shanti Educational Initiatives Limited and GREW Energy Private Limited (GEPL) approved a proposed Scheme of Arrangement. Under the scheme, the company's education business undertaking will first be transferred to Shanti Learning Initiatives Private Limited via a slump sale, preserving the education operations as a distinct entity. Shanti Educational Initiatives will then amalgamate with GEPL, with GEPL issuing shares to existing shareholders at an approved exchange ratio of 100 GEPL equity shares (face value ₹1) for every 212 SEIL shares held.

The share exchange ratio was determined by two independent registered valuers — M/s Finvox Analytics and A N Gawade — and advised by Ernst & Young and P. Murali Consultants Private Limited. Upon receipt of all regulatory approvals from shareholders, creditors, stock exchanges, and the National Company Law Tribunal, GREW Energy will be listed on a recognised stock exchange.

Key Merger Parameters

Business Operations and Key Metrics

Shanti Educational Initiatives operates six brands spanning early childhood education, STEM and robotics, international education counselling, uniform manufacturing, and soft skills training. As of FY 2025-26, the company's network comprised 350+ preschool centres across 74+ cities under the Shanti Juniors and Little Marvels brands. WSRO, its robotics education arm, has trained 25,000+ students aged 4 to 20 across 10 countries since 2018. Keystone Global represents 500+ universities across 10 countries.

Total capital expenditure for FY 2025-26 stood at ₹11.24 Lakhs. Equity and reserves as at 31 March 2026 were ₹7582.77 Lakhs on a standalone basis. The company reported foreign exchange outgo of ₹66.82 Lakhs for the year, primarily on account of FranklinCovey service imports.

AGM and Dividend

The 38th Annual General Meeting is scheduled for Friday, 25 September 2026 at 3:00 PM via Video Conferencing. The Board has not proposed any dividend for FY 2025-26. The company's total CSR obligation for FY 2025-26 was ₹11,20,031, which was fully spent through implementing agencies Happiness Reserve Foundation and Chiripal Charitable Trust, covering education promotion and preventive healthcare activities.