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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Awaiting price reaction for this filing.
Promoters and Persons Acting in Concert (Brijmohan Chiripal, Chiripal Exim LLP, Ronak B Chiripal, and Urmiladevi Chiripal) sold a total of 17,87,737 equity shares (1.10% of total share capital) of Shanti Educational Initiatives Ltd on 30th September 2025 through open market sale. The biggest seller was Chiripal Exim LLP with 6,56,714 shares, followed by Ronak B Chiripal with 6,00,000 shares. As a result, the combined promoter group holding decreased from 20.90% (3,36,57,733 shares) to 19.80% (3,18,69,996 shares). The disclosure was filed on 3rd October 2025 with BSE, and no encumbrance (pledge) activity was reported.
A modest 1.10% promoter stake sale is generally viewed as a mild negative signal by retail investors, though it is not a large exit. The promoter group still holds nearly 20% of the company, leaving room for further selling, which may weigh on sentiment in the near term.