Safari Industries (India) Limited has informed the Exchange regarding Cessation of Mrs Vijaya Sampath as Non- Executive Independent Director of the company w.e.f. August 05, 2025.
SAFARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited Q1 FY26 results showing standalone revenue of Rs 527.34 Cr (up ~17% YoY from Rs 449.46 Cr) and standalone profit after tax of Rs 39.69 Cr (up ~8% YoY from Rs 36.71 Cr). Consolidated PAT rose to Rs 50.49 Cr from Rs 44.41 Cr. Mrs. Vijaya Sampath ceases to be an Independent Director on August 5, 2025, upon completion of her 5-year tenure (not a resignation). In her place, Ms. Manjaree Chowdhary, currently Senior Executive Officer and General Counsel of Maruti Suzuki India Limited, has been appointed as an Additional Non-Executive Independent Director for a 5-year term starting August 2, 2025, subject to shareholder approval via postal ballot. The board also approved subscribing up to Rs 25 Crore to the share capital of wholly owned subsidiary Safari Manufacturing Limited through 6.50% Redeemable Preference Shares to fund capital expenditure.
The Q1 results show steady growth in both revenue and profitability. The director change is a planned, orderly succession due to tenure completion, with a high-profile replacement that strengthens governance. The Rs 25 Cr investment into the fast-growing subsidiary (turnover up from Rs 116 Cr in FY23 to Rs 481 Cr in FY25) signals continued capacity expansion, likely positive for long-term shareholders.