Shanti Educational Initiatives Limited has officially communicated to BSE Limited that it does not qualify as a Large Corporate under the criteria specified in SEBI circulars dated November 26, 2018, and October 19, 2023. The company has confirmed through a formal letter dated April 10, 2026, that the disclosure requirements under these regulatory frameworks are not applicable to its operations.

SEBI Large Corporate Criteria

The SEBI circulars establish specific criteria for Large Corporate classification, which companies must meet to fall under the enhanced disclosure requirements. The regulatory framework outlines three key conditions that entities must satisfy:

The borrowing criteria specifically excludes external commercial borrowings, inter-corporate borrowings involving holding, subsidiary, or associate companies, government grants and deposits, interest capitalization borrowings, and borrowings for merger and acquisition schemes.

Company's Regulatory Position

Shanti Educational Initiatives Limited has confirmed that it does not meet the Large Corporate criteria outlined in the SEBI circulars. Consequently, the company is exempt from filing initial disclosure and annual disclosure requirements as specified in Annexures A, B1, and B2 of the mentioned circulars.

The confirmation letter was signed by key executives, demonstrating the company's commitment to regulatory transparency:

Regulatory Compliance Implications

This formal confirmation provides clarity on the company's regulatory obligations and ensures proper compliance with SEBI requirements. By explicitly stating its non-applicability status, Shanti Educational Initiatives Limited has fulfilled its responsibility to inform the stock exchange about its regulatory position regarding the Large Corporate disclosure framework.

The communication serves as an official record for BSE Limited and demonstrates the company's proactive approach to regulatory compliance and transparency in corporate governance matters.

Shanti Educational Initiatives Limited has filed its quarterly compliance certificate with BSE Limited, confirming adherence to SEBI depositories regulations for the quarter ended 31st March, 2026. The submission, made on April 06, 2026, demonstrates the company's commitment to maintaining regulatory compliance standards.

Regulatory Filing Details

The certificate was submitted pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Director Darshan Vayeda signed the submission on behalf of the company, with the document bearing his digital signature dated April 06, 2026.

Registrar Confirmation

MUFG Intime India Pvt. Ltd (formerly Link Intime India Private Limited) served as the Registrar and Share Transfer Agent for the quarter. The RTA provided comprehensive confirmation regarding dematerialisation processes and compliance procedures. Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India, signed the confirmation certificate on April 01, 2026.

The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. The confirmation also verified that security certificates received for dematerialisation were appropriately mutilated and cancelled after due verification by the depository participant.

Compliance Confirmation

The filing confirms several key compliance aspects for the quarter:

• Securities received for dematerialisation were confirmed to depositories within prescribed timelines
• All security certificates comprised in dematerialisation requests have been listed on relevant stock exchanges
• The name of depositories has been substituted in the register of members as registered owners
• Proper verification and cancellation procedures were followed for physical certificates

This quarterly submission reinforces Shanti Educational Initiatives Limited's adherence to SEBI's depositories regulations and maintains transparency in its share transfer and dematerialisation processes.