Legal2 Jul 2026, 07:30 am
SEBI Fines Shanti Educational Promoters ₹10 Lakhs, Bans from Market
AI Summary
Shanti Educational Initiatives Ltd announced that its promoters, Mr. Vedprakash Devkinandan Chiripal and Mrs. Savitridevi V Chiripal, have received a final order from the Securities and Exchange Board of India (SEBI). The order, dated June 30, 2026, imposes a monetary penalty of ₹5,00,000 each and a four-year ban from the securities market, prohibiting any dealings in securities. The promoters received the order on July 1, 2026. The company believes this order will not have a material financial or operational impact and notes the promoters' right to appeal.
Key Highlights
- Promoters penalized ₹10 Lakhs total by SEBI.
- Promoters banned from securities market for 4 years.
- Company expects no material financial impact.
- Promoters reserve right to appeal SEBI order.
Price Impact
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