The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Brijmohan Chiripal & Others
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Four members of the promoter group of Shanti Educational Initiatives Ltd — Brijmohan Chiripal, Ronak B Chiripal, Urmiladevi Chiripal, and Savitridevi Chiripal (all Persons Acting in Concert) — together sold 21,41,491 equity shares on 31st December 2025, representing 1.33% of the company's total share capital. Before the sale, the group held 2,00,46,542 shares (12.45%); after the sale, their combined holding stands at 1,79,05,051 shares (11.12%). Individually, Brijmohan sold 6.66 lakh shares (0.41%), Ronak sold 6 lakh shares (0.37%), Urmiladevi sold 5.25 lakh shares (0.33%), and Savitridevi sold 3.5 lakh shares (0.22%). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations to report the change in their aggregate shareholding.
A modest reduction in promoter-group stake (from 12.45% to 11.12%) signals some trimming by the Chiripal family. While the quantum is small, sustained selling by promoters is generally viewed negatively by retail investors as it may indicate reduced confidence or a need to monetize holdings.