Shanti Educational Initiatives539921Quarterly results

Board approved Q2/H1 results; scheme modified so intellectual property stays out of the transfer

Board approved the modification to the Composite Scheme of Arrangement: the intellectual property of the Transferor Company will not form part of the Transferred Undertaking, will not be slump sold to the Transferee Company.

By ScoutQuest · Wed 4 Nov 2026, 5:03 PM IST · 3 min read

Consolidated · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	873.47	1141.72	−23.5%	1629.86	−46.4%
Total income	1137.45	1355.87	−16.1%	1632.71	−30.3%
Profit before tax	111.04	347.79	−68.1%	376.63	−70.5%
Profit after tax	98.89	262.05	−62.3%	282.22	−65%
Total comprehensive income	96.84	260.12	−62.8%	301.53	−67.9%
Basic EPS	0.06	0.16	−62.5%	0.18	−66.7%

Total income: Latest 1137.45; Year ago 1355.87 (−16.1%); Prev qtr 1632.71 (−30.3%)
Profit after tax: Latest 98.89; Year ago 262.05 (−62.3%); Prev qtr 282.22 (−65%)
Period: 30-09-2026

Also decided at the meeting

Approved modification to the Composite Scheme of Arrangement with Shanti Learning Initiatives Pvt Ltd and Grew Energy Pvt Ltd: intellectual property to be retained by the Company, not part of the slump sale, and vest in the Amalgamated…

Auditor's review

Conclusion: Unmodified

Notes to the results

Impact of the New Labour Codes (effective 21st November, 2025) on employee benefit obligations is under evaluation and not reasonably determinable; no adjustment made.
Shanti Learning Initiatives Private Limited has become subsidiary of the Company with effect from January 12, 2026.

What the board meeting covered

The Board of Directors met on Wednesday, November 04, 2026 and, among other matters, considered and approved the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026, together with the Limited Review Report issued by the statutory auditors, Nahta Jain & Associates.

The second item was a change to a restructuring that is already underway, explained below.

Change to the composite scheme

The Board considered and approved a modification to the Composite Scheme of Arrangement among Shanti Educational Initiatives Limited (the Transferor Company), Shanti Learning Initiatives Private Limited (the Transferee Company) and Grew Energy Private Limited (the Amalgamated Company).

Under the modification, the intellectual property of the Transferor Company will not form part of the Transferred Undertaking under the proposed scheme.
It will not be part of the slump sale to the Transferee Company.
It will instead be retained by the Transferor Company and thereafter vest in the Amalgamated Company pursuant to the proposed amalgamation.

All other terms and conditions of the scheme, as approved earlier by the Board at its meeting on 2 March 2026, remain the same. The scheme is subject to receipt of necessary statutory and regulatory approvals, including from BSE Limited, the National Company Law Tribunal and the Competition Commission of India, and to the approval of the shareholders and creditors of the respective companies involved.

Auditor's review conclusion

The Limited Review Reports state that nothing has come to the auditors' attention that causes them to believe the statements are not in accordance with the recognition and measurement principles of Ind AS 34 or contain any material misstatement. The notes to the results state that the Limited Review Report does not contain any qualifications. A limited review is narrower in scope than an audit and the auditors do not express an audit opinion.

Numbers for the quarter and half year (as printed, Rs. in Lakhs)

Standalone Revenue from operations: 367.56 for the quarter ended 30-09-2026 and 1201.31 for the half year.
Standalone Profit/(loss) for the period: 90.58 for the quarter and 339.51 for the half year.
Consolidated Revenue from operations: 873.47 for the quarter and 2503.33 for the half year.
Consolidated Profit/(loss) for the period: 98.89 for the quarter and 381.11 for the half year.

What this means in simple terms

The company has reported its numbers for the July-September 2026 quarter and the six months to September 30, 2026, in both standalone (the company alone) and consolidated (company plus subsidiaries) form. Separately, the restructuring in which the company is the transferor entity has been tweaked: the intellectual property sits outside the business being transferred and is to be retained first by the company and then moved to the amalgamated company as part of the amalgamation. The transaction still needs approvals, so its completion depends on those approvals coming through.

381.11 (Rs. in Lakhs)Consolidated Profit/(loss) for the period, half year ended 30-09

Profit after tax, quarter282.22 (Rs.in Lakhs)

Consolidated Profit/(loss) for the period, quarter ended 30-0998.89 (Rs. in Lakhs)

Consolidated Profit/(loss) for the period, half year ended 30-09 381.11 (Rs. in Lakhs): Profit after tax, quarter 282.22 (Rs.in Lakhs), Consolidated Profit/(loss) for the period, quarter ended 30-09 98.89 (Rs. in Lakhs).

Also from Shanti Educational Initiatives

Board approves modification to Composite Scheme: IP retained by Transferor Company, to vest in Amalgamated Company

4 Nov 2026

Board meeting on November 4 to consider unaudited results for quarter and half year ended September 30, 2026

29 Oct 2026

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