The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Brijmohan Chiripal & Other
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Promoter group members Brijmohan Chiripal and Chiripal Exim LLP (Persons Acting in Concert) sold a combined 33,83,267 equity shares (2.09% of total share capital) of Shanti Educational Initiatives Ltd between September 24 and September 29, 2025. Chiripal Exim LLP sold 19,83,148 shares (1.22%) while Brijmohan D Chiripal individually sold 14,00,119 shares (0.87%). Post-sale, their combined holding in the company has come down from 12.63% (2,03,37,000 shares) to 10.53% (1,69,53,733 shares), indicating a steady reduction in promoter stake. The total equity share capital of the company remains at Rs. 16.10 crore (16.10 crore shares of Re. 1 each).
This is a notable promoter sell-off exceeding 1% of equity, which is generally viewed as a negative signal by retail investors as it reduces promoter skin in the game. Investors should monitor further promoter disclosures and overall promoter group holdings to assess whether this signals a broader exit trend.