1. Introduction of Ramu: The story revolves around Ramu, a mischievous young boy who lives in the fictional town of Malgudi.
2. Friendship with Sastri: Ramu strikes up a friendship with Sastri, a wise and learned old man who is a scholar of ancient Hindu texts. Sastri lives near a revered old temple dedicated to Lord Shiva.
3. Disagreement with Family: Ramu's family doesn't approve of his friendship with the elderly Sastri, as they consider Sastri to be eccentric.
4. Sastri's Beliefs: Sastri expresses skepticism about the rituals and customs practiced in the temple and believes in a more philosophical understanding of religion. He shares his profound thoughts on spirituality and the nature of existence with Ramu, who becomes his devoted disciple.
5. Envy of Temple Priests: The priests of the temple become envious of the attention Ramu gives to Sastri instead of them. They start plotting against him.
6. Tempted by Priests: The priests tempt Ramu with a golden opportunity to become a temple priest himself, which he initially finds appealing.
7. Confusion: Ramu feels torn between his desire for material gain and his genuine bond with Sastri. He struggles to choose between the materialistic path offered by the priests and the spiritual guidance provided by Sastri.
8. Realization: Through conversations with Sastri, Ramu experiences a profound realization. He understands the distinction between superficial rituals and true spiritual enlightenment. He decides to stay with Sastri and dedicate his life to deeper spiritual pursuits.
9. Conclusion: The story ends with Ramu finding contentment in his friendship with Sastri, rejecting the materialistic temptations of the temple priests, and embracing a path of spiritual growth and wisdom.