Shanti Educational Initiatives Ltd — Important, 02-03-2026: Company Update

Shanti Educational Initiatives' board has approved a major Composite Scheme of Arrangement. This plan separates the company's education services business, which had a 26.32 Cr turnover and 60.5 Cr net worth, into a wholly-owned subsidiary. Subsequently, Shanti Educational Initiatives will merge with Grew Energy Private Limited, a renewable energy company with a 1589.6 Cr turnover and 1086.7 Cr net worth. Shareholders will receive 100 Grew Energy shares (INR 1 face value) for every 212 company shares (INR 1 face value). This strategic move aims to create specialized businesses and boost shareholder value by leveraging growth in the renewable energy sector.