Disclosure under Regulation 30A of LODR
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The promoters/promoter group members of Shanti Educational Initiatives Ltd, collectively known as the Chiripal Family, have entered into a formal Inter-se Voting Agreement dated March 17, 2026. The company itself is not a party to this agreement. The Chiripal Family has historically exercised joint control over strategic and operational decisions through mutual discussions, and this agreement simply formalizes that long-standing informal practice into a binding arrangement. The disclosure lists 14 individual members of the Chiripal Family along with their shareholdings, which together represent approximately 43% of the company's total equity. The company has clarified there is no change in management or control as a result of this agreement.
This is largely a housekeeping disclosure that formalizes an existing arrangement rather than introducing any new change. Shareholders should note that the promoter group's collective holding stands at roughly 43%, below the 50% majority threshold, meaning the formalized voting pact helps promoters maintain cohesive decision-making power without any shift in control.