Annual Report for Financial Year 25-26

Date: 29th August, 2026 The Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai — 400 001 Sub: Submission of Annual Report for the Financial Year 2025-26 Ref.: Shanti Educational Initiatives Limited — Scrip code: 539921 Dear Sir/Madam Pursuant to the Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Annual Report along with Notice of the 38th Annual General Meeting of the Shanti Educational Initiatives Limited, which is scheduled to be held on Friday, 25th September, 2026 at 03:00 PM through Video Conferencing (“VC”)/other Audio-Visual Means (OVAM) in compliance with the relevant Circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities Exchange Board of India (SEBI). Kindly take the same on record. The same is also available on the Company’s website at www.seil.one. Thanking You, Yours Faithfully, For Shanti Educational Initiatives Limited Darshan Yogendrabhai Vayeda Whole-time Director DIN: 07788073 Shanti Educational Initiatives Limited: CIN - L80101HR1988PLC148256 Corp. Office: Shanti Corporate House, Nr Hira-Rupa Hall Bopal-Ambli Road, Bopal, Ahmedabad, Gujarat, India, 380058 Regd. Office: Plot No. 047, M3M 113 Market, Sector-113, Gurugram, Palam Vihar (Gurgaon), Haryana, India, 122017 Mob No.: +91 9979666660 I info@seil.edu.in I www.seil.one Annual Report 2025-26 Transforming Education into Opportunity INSIDE THE REPORT Company Overview 01-51 Transforming Education Into Opportunity 01 Our Approach to Reporting 03 Managing Director’s 04 Seil at a Glance 08 Key Highlights 09 Guiding Principles 10 Our Approach To Education 12 Our Journey 14 Geographical Presence 16 Our Offerings 18 Strategic Outlook 21 A Strategic Merger For A Stronger Future 23 Value Creation Model 26 Financial Capital 30 Physical Capital 38 Intellectual Capital 40 Governance 47 Board Of Directors 48 Corporate Information 50 Statutory Reports 52-141 Notice 52 Director’s Report 67 Management Discussion and Analysis Report 78 Business Responsibility and Sustainability Report 118 Financial Statements 142-233 Standalone Financial Statements 142 Consolidated Financial Statements 188 A three-year-old stands at the door of her These are coexisting stories moving At Shanti Educational Initiatives Limited, first classroom. She looks at the colours forward in time. Each is carried by an education is the beginning of that and the noise and the strangeness of unspoken readiness and a plethora of chance. A classroom is not simply a it all, and decides she wants to walk in. possibilities waiting on the other side of place of learning; it is the first door to Somewhere else, a ten-year-old stands it. India has always produced curious, possibility. A teacher does not only in front of a mirror in the last week of resilient, hungry children like them, in transfer knowledge; a teacher is a May. He tries on his new school uniform, numbers the world has rarely seen guiding light in the most formative years excited for the year that lies ahead. And in one place. Our task is to meet that of a student’s life. At its core, education somewhere else still, a young woman readiness with opportunity. Every dream is a powerful force that enables sits at a departure gate. She is the first in held at a classroom door deserves a real opportunity. This is the belief we build on. her family to leave home for university. chance of being fulfilled. This year’s theme, Transforming Education into Opportunity, captures that promise. Across every preschool in every city, through our teacher-empowerment programmes, our career-pathways platform, and our school-support ecosystem, we are building an education infrastructure that prepares every child to use learning as a stepping stone towards growth and advancement. This annual report is the account of one year in that longer journey. It is a story of movement. It is the story of a direction held steady and of a belief acted upon. It is the story of a promise made to that little girl at the door and to every child like her. It is the story of a dream, seen through till the end. The children of today will make the India of tomorrow. Jawaharlal Nehru 2 ANNUAL REPORT 2025-26 CORPORATE Statutory Financial 01 52 142 OVERVIEW Reports Statements Shanti Education Initiatives Limited (Annual report 2025-2026) : 539921 AGM Date : 25th September, 2026 CIN : L80101HR1988PLC148256 AGM Mode : Video Conferencing / Other Audio-Visual Our Approach to Reporting About Our Report Reporting Standards And Safe Harbour Statement Through this report, we present Shanti Framework Certain elements of this Report contain Education Initiatives Limited’s vision for Our company has prepared this forward-looking statements. These may driving delivery excellence, aligned with report to ensure accountability to our be typically identified by terminology our core purpose, strategic priorities, stakeholders and all information has used, such as ‘believes’, ‘expects’, ‘may’, and business model. It provides a been presented in a fair, transparent ‘will’, ‘could’, ‘should’, ‘intends’, ‘estimates’, transparent account of how we generate and balanced manner. Other statutory ‘plans’, ‘assumes’, and ‘anticipates’, or value for our stakeholders in the short, sections, including the Directors’ Report, negative variations. These forward- medium, and long term, encompassing Management Discussion and Analysis looking statements are subject to our financial outcomes, environmental (MD&A), Corporate Governance particular risks and opportunities that initiatives, societal contributions, and key Report, and Business Responsibility could be beyond the Company’s control achievements. and Sustainability Report (BRSR), have or currently based on the Company’s been prepared in accordance with the beliefs and assumptions of future events. Reporting Approach Companies Act, 2013, applicable rules, There could be a possibility of the Through this report, our company aims SEBI (Listing Obligations and Disclosure Company’s performance differing from to provide stakeholders with a clear Requirements) Regulations, 2015, and expected outcomes and performance understanding of our ability to create relevant Secretarial Standards. implied in this Report. With a varied value using both financial and non- range of risks and opportunities facing financial resources. The report outlines Management Assurance the Company, no assurance can our business strategies, operating be provided for future results to be The Board of Directors believes that environment, stakeholder concerns achieved, as the actual results may this report presents a fair and accurate and mitigation measures, key risks and differ materially for the Company and its view of our company’s financial and opportunities, governance practices, subsidiaries. non-financial performance, business and our approach towards long-term model, and operations. The Board sustainability. also acknowledges its responsibility to The report highlights how SEIL is maintain the integrity and reliability of the strengthening its positioning as an information presented in this report. integrated education solutions provider across India through disciplined Feedback execution, innovation-led capabilities Your valuable feedback is integral to and responsible business practices. The the continuous improvement of our term ‘Company’, ‘The Company’, ‘we’, reporting journey. Kindly direct your ‘us’, ‘our’, SEIL’ at all places shall mean comments to (info@seil.edu.in). Shanti Education Initiatives Limited. Reporting Scope and Boundary This Annual Report covers the period from 1 April 2025 to 31 March 2026. It highlights our operational activities and business developments during the year. The report includes information on our business operations across Indian markets, along with activities that support value creation in the short, medium, and long term. It covers the [Showing first 8,000 characters — download PDF for full document]