Safari Industries (India) Limited has informed the Exchange regarding Appointment of Ms. Manjaree Chowdhary as Non- Executive Independent Director of the company w.e.f. August 02, 2025.
SAFARI · price
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Safari Industries' Board, which met on August 1, 2025, approved unaudited Q1 FY26 results showing standalone revenue of Rs. 527.34 Crore (up ~17% YoY from Rs. 449.46 Crore) and standalone PAT of Rs. 39.69 Crore (up ~8% YoY); consolidated PAT was Rs. 50.49 Crore. The Board appointed Ms. Manjaree Chowdhary, currently Senior Executive Officer and General Counsel of Maruti Suzuki India, as a Non-Executive Independent Director for five years effective August 2, 2025, subject to shareholder approval via postal ballot. The tenure of existing Independent Director Mrs. Vijaya Sampath (DIN: 00641110) came to a scheduled end on August 4, 2025, triggering a reconstitution of Board committees. Separately, the Board approved investing up to Rs. 25 Crore in its wholly-owned subsidiary Safari Manufacturing Limited through 6.50% Redeemable Preference Shares, to fund capital expenditure. Safari Manufacturing's turnover has grown rapidly from Rs. 116.44 Crore in FY23 to Rs. 481.03 Crore in FY25, indicating strong scale-up.
Q1 earnings reflect healthy double-digit revenue growth, though margin trajectory will need watching. The board refresh with a high-profile legal and governance professional from Maruti Suzuki strengthens independent oversight, while the Rs. 25 Crore preference share infusion into a fast-growing subsidiary signals continued capacity expansion. Overall, the disclosures are constructive for shareholders, with no negative governance signals.