Shanti Educational Initiatives has received a regulatory disclosure from its promoter group entity, Chiripal Exim LLP, regarding the sale of equity shares. The transaction represents a reduction in the promoter group's stake in the educational services company.

Share Sale Transaction Details

Chiripal Exim LLP completed the sale of 5,88,022 equity shares on February 19, 2026. The transaction details are summarized below:

Shareholding Pattern Changes

The sale has resulted in a reduction of Chiripal Exim LLP's stake in Shanti Educational Initiatives Limited. The comparative shareholding position shows:

Company Capital Structure

Shanti Educational Initiatives Limited maintains a stable capital structure with no changes resulting from this transaction. The company's equity share capital remains at Rs. 16,10,00,000, comprising 16,10,00,000 equity shares of Rs. 1 each. The total diluted share capital also remains unchanged at the same level.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Chiripal Exim LLP, identified as a promoter group entity, submitted the required documentation to both BSE Limited and the target company on February 23, 2026. The disclosure confirms that no encumbrances, voting rights other than shares, or convertible securities were involved in the transaction.

About the Entities

Chiripal Exim LLP operates as a Limited Liability Partnership with LLPIN AAA-1083, registered at 109/110, Penesule Centre, Dr. S S Rao Road, Behind Income tax Office, Lal Bag, Mumbai, Maharashtra. The entity maintains its status as part of the promoter group of Shanti Educational Initiatives Limited, which is listed on BSE Limited.

Shanti Educational Initiatives Limited has strengthened its financial structure through a significant banking arrangement while expanding its operational footprint with a new subsidiary launch. The company disclosed these developments to equity markets on January 17, 2026, in compliance with SEBI regulations.

ICICI Bank Credit Facility and Letter of Comfort

The education company has issued a Letter of Comfort in favor of its subsidiary Uniformverse Private Limited for credit facilities obtained from ICICI Bank Limited. The banking arrangement involves substantial financial commitment and operational assurances.

Under this arrangement, Shanti Educational Initiatives Limited has provided specific commitments to ICICI Bank. The company has assured continued ownership and responsibility for its subsidiary's obligations. Importantly, the parent company has agreed not to reduce its beneficial ownership in Uniformverse Private Limited's paid-up share capital without prior written consent, particularly when the borrower fails to meet obligations. The company has also committed to protecting ICICI Bank from potential losses arising from the subsidiary's failure to fulfill responsibilities.

New Subsidiary Launch

Shanti Educational Initiatives Limited has established Shanti Learning Initiatives Private Limited as a wholly-owned subsidiary, marking another step in its expansion strategy. The new entity received its Certificate of Incorporation from the Ministry of Corporate Affairs and officially commenced operations on January 12, 2026.

The newly formed subsidiary focuses on educational services and related activities, aligning with the parent company's core business strategy. The acquisition was completed through a transparent cash transaction, with no additional stake held by promoters or promoter groups beyond the ownership arrangement.

Corporate Structure and Compliance

Both transactions demonstrate the company's commitment to regulatory compliance and transparent operations. The Letter of Comfort issuance involves no promoter, promoter group, or group company participation, ensuring the arrangement remains strictly between the listed company, its subsidiary, and the lending institution. Related-party concerns do not affect the banking arrangement.

Shanti Educational Initiatives Limited operates as part of the Chiripal Group, managing educational brands including Shanti Asiatic School for K-12 education, Shanti Juniors preschools, and Shanti's Hopskotch luxury preschools. The company maintains significant presence across Gujarat and neighboring states including Rajasthan, Bihar, Maharashtra, Karnataka, and Tamil Nadu.