The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ronak B Chiripal & Others
SEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shanti Educational Initiatives Ltd's promoter group members, Mr. Ronak B Chiripal and Mrs. Urmiladevi J Chiripal (Persons Acting in Concert), sold a total of 10,62,000 equity shares (0.66% of total share capital) between February 23 and February 24, 2026, through open-market sale. Of this, Ronak B Chiripal sold 7,62,000 shares (0.47%) and Urmiladevi J Chiripal sold 3,00,000 shares (0.19%). As a result, their combined holding in the company reduced from 7.29% (1,17,29,663 shares) to 6.63% (1,06,67,663 shares). No pledges or encumbrances are involved in this transaction.
This is a modest promoter-group share sale (less than 1%), which may mildly signal insider profit-booking but is unlikely to materially impact stock price or control. Shareholders should watch for any further sales or if holdings move closer to key disclosure thresholds.