Shanti Educational Initiatives Ltd

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.

Shanti Educational Initiatives Ltd has announced the closure of its trading window from July 1, 2026, until 48 hours after the declaration of its Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The specific date for the Board Meeting to consider these financial results will be communicated separately. This closure restricts trading in the company's securities by designated persons and their relatives to prevent potential insider trading.

Shanti Educational Initiatives Ltd has received approval from the Regional Director, North Western Region, Ministry of Corporate Affairs, for the shifting of its registered office from Gujarat to Haryana. This follows a previous intimation dated October 17, 2025, and the order was received on June 2, 2026. The company is now proceeding with the necessary filings with the Registrar of Companies and other relevant authorities. The approval is subject to conditions ensuring employee interests and no adverse impact on pending legal proceedings.

Shanti Educational Initiatives Ltd. announced that its Board of Directors approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026. M/s. Nahta Jain & Associates, Statutory Auditors, issued an audit report with an unmodified opinion on the results. The board also approved the re-appointment of M/s. Jhaveri Shah & Co. as the Internal Auditor for FY 2026-27 and the issuance of a Letter of Comfort for a loan to Uniformverse Private Limited, a subsidiary, up to ₹59.10 million.

Shanti Educational Initiatives Ltd. has appointed M/s. Jhaveri Shah & Co., Chartered Accountants, as its Internal Auditor for the FY 2026-27. The appointment was approved by the Board of Directors in their meeting held on May 21, 2026, to comply with the Companies Act, 2013 and SEBI regulations. Jhaveri Shah & Co. is based in Ahmedabad and led by CA. Parag Jhaveri, specializing in audit and assurance services.

Shanti Educational Initiatives Ltd issued a Letter of Comfort in favor of its subsidiary, Uniformverse Private Limited, on May 21, 2026. The Letter of Comfort is issued to ICICI Bank Limited, for credit facilities availed by Uniformverse amounting to ₹59.10 Million. Shanti Educational Initiatives affirms that it will not dilute its beneficial ownership in Uniformverse without prior written consent from ICICI Bank in case of non-fulfilment of commitment by borrower and also in form of assurance to keep ICICI indemnified against any losses cause on account of nonfulfillment of any obligation(s) of the Borrower. The promoter group has no interest in this transaction. The letter is a comfort and not a guarantee unless a separate Deed of Guarantee is executed.

Shanti Educational Initiatives Ltd. has announced the approval of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results along with the auditor's report from M/s. Nahta Jain & Associates, who issued an unmodified opinion. The board also approved the re-appointment of M/s. Jhaveri Shah & Co. as the Internal Auditor for FY 2026-27 and the issuance of a Letter of Comfort for a loan to its subsidiary, Uniformverse Private Limited, up to ₹59.10 million.

Shanti Educational Initiatives Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The audit report, issued by M/s. Nahta Jain & Associates, contained an unmodified opinion. The board also approved the re-appointment of M/s. Jhaveri Shah & Co. as the Internal Auditor for FY 2026-27 and the issuance of a Letter of Comfort for a loan to Uniformverse Private Limited, a subsidiary, up to ₹59.10 million.

Shanti Educational Initiatives Ltd has scheduled a Board of Directors meeting on May 21, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The trading window for dealing in the company's securities will remain closed and reopen 48 hours after the declaration of the financial results.

Shanti Educational Initiatives Ltd has announced the closure of its trading window in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The closure will commence on Wednesday, 01st April, 2026 and will remain in effect until 48 hours after the declaration of the company's Audited Standalone and Consolidated Financial Results for the Fourth quarter ended on 31st March, 2026. The date of the Board Meeting to consider these results is yet to be announced.