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

GREW Energy and Shanti Educational Initiatives' Boards have approved a proposed merger scheme. This involves a slump sale of SEIL's business to an associate, followed by SEIL's amalgamation with GREW Energy. SEIL shareholders will receive 100 GREW Energy shares for every 212 SEIL shares, based on independent valuations. This strategic move aims to consolidate corporate structure, enhance operational efficiency for GREW Energy's expanding solar manufacturing business, and enable its eventual listing, subject to necessary approvals. This offers SEIL shareholders participation in GREW Energy’s growth journey.