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.

Shanti Educational Initiatives Limited has successfully incorporated a wholly-owned subsidiary to expand its educational services portfolio. The company announced the incorporation of Shanti Learning Initiatives Private Limited on January 12, 2026, marking a strategic move to strengthen its presence in the educational sector.

Subsidiary Incorporation Details

The Certificate of Incorporation for Shanti Learning Initiatives Private Limited was issued by the Ministry of Corporate Affairs, Government of India, on January 12, 2026. The subsidiary has established its registered office in Gurgaon, Haryana, positioning itself strategically in the National Capital Region.

Financial Structure and Investment

The newly incorporated subsidiary has been established with a modest but focused capital structure. The authorized share capital stands at ₹1.00 lakh, divided into 10,000 equity shares of ₹10.00 each. The parent company acquired complete ownership through cash consideration.

Business Objectives and Strategic Focus

Shanti Learning Initiatives Private Limited has been incorporated specifically to carry on the business of providing educational services and related activities. This strategic move aligns with the parent company's core business operations in the educational sector. The subsidiary is yet to commence business operations, providing a clean slate for future educational initiatives.

Regulatory Compliance and Related Party Status

Following the incorporation, Shanti Learning Initiatives Private Limited has become a related party of Shanti Educational Initiatives Limited. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations, ensuring transparency with stakeholders. No additional governmental or regulatory approvals were required for this incorporation, streamlining the establishment process.

The incorporation represents a focused expansion strategy for Shanti Educational Initiatives Limited, allowing the company to diversify its educational service offerings through a dedicated subsidiary structure while maintaining complete operational control.