SEBI Imposes Penalty and Restrictions on Promoters of Shanti Educational Initiatives Ltd
Shanti Educational Initiatives Ltd has confirmed that the Securities and Exchange Board of India (SEBI) issued a final order concerning its promoters, Mr. Vedprakash Devkinandan Chiripal and Mrs. Savitridevi V Chiripal. The order imposes monetary penalties and restrictions on them related to their activities in the securities market.The SEBI Final Order was dated June 30, 2026, affecting 226 entities, including the promoters of Shanti Educational Initiatives Ltd.
As per the details provided, the SEBI has imposed a penalty of Rs. 5,00,000/- on each promoter. Furthermore, both Mr. Chiripal and Mrs. Chiripal have been restrained from accessing the securities market. The restriction prohibits them from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market for a period of four years from the date of the final order under Section (1), 11(4), 11(4a), 11B (1), and 11B (2) of the Securities and Exchange Board of India Act, 1992.
The promoters received the Final Order dated June 30, 2026 on July 01, 2026. The violation(s)/ contravention(s) committed or alleged are recorded in the SEBI Final Order.
A summary of the key aspects of the order and subsequent company assessment is provided below:
| Aspect | Details |
|---|---|
| Authority | Securities And Exchange Board of India (SEBI) |
| Order Date | 30 June, 2026 |
| Penalty per Promoter | Rs. 5,00,000/- |
| Market Restriction Period | 4 years |
The company stated that, based on its assessment and the advice of counsel, it does not expect the order to have any material financial or operational impact on Shanti Educational Initiatives Ltd.
The promoters reserve the right to appeal the SEBI Order against the Hon'ble Securities Appellate Tribunal (SAT) and the Hon'ble Supreme Court of India under Section 15T and 15Z of the SEBI Act, 1992.
SEIL Stock Price Movement
Shanti Educational Initiatives Limited shares edged higher on Wednesday, gaining 1.00% to settle at ₹217.21 after closing above the previous close of ₹216.82. The stock movement was supported by a traded volume of 316,673 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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