Shanti Educational Initiatives Limited (SEIL) has received shareholder approval to shift its registered office from Gujarat to Haryana. The decision was made through a postal ballot voting process that concluded on November 16, 2025. In a separate development, certain promoter group entities have reduced their stake in the company.

Key Details of the Resolution

The special resolution to approve the shifting of the registered office and alteration of the Memorandum of Association was passed with an overwhelming majority. Here are the key voting results:

Voting Process and Scrutiny

• The e-voting period was from October 18, 2025, to November 16, 2025.
• Jatin Kapadia of K Jatin & Co., Practicing Company Secretaries, was appointed as the scrutinizer for the voting process.
• The total number of shareholders on the record date (October 10, 2025) was 4,331.
• 41 members participated in the voting, representing 99.99% of the total valid votes cast.

Implications and Next Steps

With this approval, Shanti Educational Initiatives Limited plans to amend Clause II of its Memorandum of Association to reflect the new registered office location in Haryana. The company will now seek necessary approvals from the Regional Director, Central Government, and other relevant authorities to implement this change.

This strategic move may have implications for the company's operations and administrative processes. Shareholders and stakeholders should stay tuned for further updates as the company proceeds with the relocation process.

Promoter Group Stake Reduction

In a separate development, certain promoter group entities have reduced their stake in Shanti Educational Initiatives Limited. Chiripal Exim LLP, Ronak Chiripal, Vineeta V Chiripal, and Savitridevi V Chiripal sold shares in the company, reducing their combined holding from 11.64% to 11.27%. The sale involved 5,99,686 equity shares through off-market transactions, with the entities acting in concert as promoter group members.

This reduction in promoter stake may be of interest to investors and market analysts, as it could potentially impact the company's ownership structure and future decision-making processes.

Shanti Educational Initiatives Limited , a company in which the Chiripal Group holds a significant stake, has recently seen a reduction in the group's ownership. The promoters of the Chiripal Group, including key individuals and entities, have sold a portion of their shares, resulting in a decrease in their collective holding.

Details of the Share Sale

Impact on Shareholding

The transaction involves the sale of 32,78,182 shares, representing a 2.04% stake in Shanti Educational Initiatives Limited. This move has led to a notable change in the ownership structure of the company.

Significance of the Transaction

This share sale by the Chiripal Group promoters marks a shift in their investment in Shanti Educational Initiatives Limited. While the specific reasons for the sale have not been disclosed, such transactions can often indicate various strategic decisions or portfolio adjustments by major shareholders.

Despite this reduction, the Chiripal Group remains a substantial stakeholder in the company, with their collective holding now standing at 11.64%. This continued significant presence suggests that the group may still maintain considerable influence on the company's operations and decision-making processes.

Investors and market observers may want to monitor any potential impacts this ownership change might have on the company's future strategies or performance. However, it's important to rely on official communications from the company for any insights into the implications of this transaction.