Safari Industries (India) Limited has informed the Exchange about Shareholders meeting
SAFARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Safari Industries has filed the voting results of its postal ballot concluded on 18 March 2026. Two special resolutions were passed with overwhelming majority. The first resolution re-appoints Mr. Sudhir Jatia (promoter family) as Managing Director and was approved with 99.17% of votes in favour (only 0.83% against). The second resolution approves raising of funds through a Qualified Institutions Placement (QIP) of equity shares, and was approved with virtually 100% of votes in favour. Total shareholder turnout was 80.44%, with 3.94 crore votes polled out of 4.90 crore total shares. Promoter group (holding 2.19 crore shares, ~44.7% stake) voted fully in favour of both resolutions.
Existing Managing Director Sudhir Jatia (from the Jatia promoter family) has been re-appointed, providing leadership continuity. The QIP approval gives the company flexibility to raise fresh equity capital from institutional investors at a future date, which could lead to share dilution for existing shareholders.