The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chiripal Exim LLP & Others
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Chiripal Exim LLP and Savitridevi V Chiripal (Persons Acting in Concert), who are part of the promoter/promoter group of Shanti Educational Initiatives Ltd, sold a total of 24,19,963 equity shares (about 1.50% of the company's paid-up capital) between November 7 and November 10, 2025. Specifically, Chiripal Exim LLP sold 14,69,898 shares (0.91%) and Savitridevi V Chiripal sold 9,50,065 shares (0.59%). As a result, their combined shareholding dropped from 1,46,01,138 shares (9.08%) to 1,21,81,175 shares (7.57%). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations because the sale crossed the 1% reporting threshold.
This is a promoter-group stake sale exceeding the 1% disclosure threshold, which can be a mild negative signal for the stock as it indicates insiders are reducing exposure. The promoter group's aggregate holding has dropped by roughly 1.5 percentage points, and investors should watch for further such sales or any change in overall promoter shareholding pattern.