Shanti Educational Initiatives Limited Provides Letter of Comfort for Uniformverse and Announces Wholly Owned Shanti Learning Initiatives Private Limited

Shanti Educational Initiatives Limited has informed investors that it has issued a Letter of Comfort in favour of its subsidiary Uniformverse Private Limited, backing credit facilities from ICICI Bank Limited. The company is also expanding its presence in the education sector through a new subsidiary, Shanti Learning Initiatives Private Limited.

The disclosure regarding the Letter of Comfort was filed under the relevant SEBI circular on January 17, 2026. ICICI Bank has extended credit facilities of Rs 49.90 million to Uniformverse Private Limited, with Shanti Educational Initiatives Limited supporting the borrowing subsidiary’s obligations to the lender through specific assurances.

Under the Letter of Comfort, Shanti Educational Initiatives Limited has confirmed that it will not dilute its beneficial ownership in the paid-up share capital of Uniformverse Private Limited without ICICI Bank’s prior written approval, especially in situations where the borrower does not meet its repayment or contractual commitments under the sanctioned credit facilities.

Shanti Educational Initiatives Limited has further undertaken to protect ICICI Bank from potential losses if Uniformverse Private Limited fails to honour its responsibilities linked to the credit facilities. The arrangement is confined to the listed company, its subsidiary borrower, and the lending bank, with no related-party features or cross-involvement from promoter entities in this specific transaction.

As part of its broader strategy, Shanti Educational Initiatives Limited has set up Shanti Learning Initiatives Private Limited as a wholly owned subsidiary focused on education services and allied activities. The company’s registered office is located in Gurgaon, Haryana, reflecting an expansion beyond Shanti Educational Initiatives Limited’s existing physical base in other parts of India.

Shanti Learning Initiatives Private Limited received its Certificate of Incorporation from the Ministry of Corporate Affairs and commenced operations on January 12, 2026. The subsidiary currently has authorised share capital of Rs 1 lakh, divided into 10,000 equity shares with a face value of Rs 10 each, fully aligned with regulatory norms.

Entity	Nature	Amount / Capital	Key Relationship with Shanti Educational Initiatives Limited
Uniformverse Private Limited	Subsidiary with ICICI Bank credit facilities	Rs 49.90 million (credit)	Supported by Letter of Comfort from Shanti Educational Initiatives Limited
Shanti Learning Initiatives Private Limited	Wholly owned education subsidiary	Rs 1 lakh authorised share capital	100% equity held by Shanti Educational Initiatives Limited

Shanti Educational Initiatives Limited subsidiary ownership and promoter involvement

Following its incorporation, Shanti Learning Initiatives Private Limited became a wholly owned subsidiary of the listed parent, as Shanti Educational Initiatives Limited subscribed to the entire equity for a cash consideration of Rs 1 lakh. Apart from this direct ownership, the promoter and promoter group hold no additional direct interest in the new subsidiary.

For the Letter of Comfort issued in favour of ICICI Bank, Shanti Educational Initiatives Limited has clarified that there is no involvement of any promoter, promoter group, or group company in the transaction. The arrangement is strictly between the listed company, its subsidiary Uniformverse Private Limited, and ICICI Bank, without related-party implications.

Shanti Educational Initiatives Limited (SEIL) operates within the Indian education sector as part of the Chiripal Group. The company manages K-12 schools under the Shanti Asiatic School brand, preschools under Shanti Juniors, and premium preschools under Shanti's Hopskotch, mainly in Gujarat and also in Rajasthan, Bihar, Maharashtra, Karnataka, and Tamil Nadu.

Through the Letter of Comfort for Uniformverse Private Limited and the launch of Shanti Learning Initiatives Private Limited, Shanti Educational Initiatives Limited is strengthening its financial backing for group entities while adding a new education-focused subsidiary, within disclosed regulatory frameworks and with clear separation from promoter-related transactions.