We wish to inform you that Balaji Raghavan (Seller 1) along with Manojshankar Tripathi (Seller 2) and Nitish Nagori (Seller 3), promoter of the Company pursuant to its letter dated September ....
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Awaiting price reaction for this filing.
Three promoters of Ironwood Education Ltd — Balaji Raghavan, Manojshankar Tripathi, and Nitish Nagori — sold a combined 8,36,259 equity shares (5.55% of paid-up capital) on September 4 and 5, 2025 through the BSE's Offer for Sale (OFS) window. Balaji Raghavan sold 4,45,932 shares, Manojshankar Tripathi sold 2,86,712 shares, and Nitish Nagori sold 1,03,615 shares. As a result, the promoter and promoter group shareholding in the company has dropped from 82.19% to 76.64%.
The promoter stake has come down meaningfully but remains very high at 76.64%, so control is firmly with the promoters. The sale via OFS typically adds supply to the market, which may weigh on the stock in the near term, though it also broadens the public float.