Safari Industries (India) Limited has informed the Exchange regarding Outcome of Committee Meeting held on May 19, 2026.
SAFARI · price
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Safari Industries' Nomination, Remuneration and Compensation Committee met on May 19, 2026 and approved the allotment of 1,624 equity shares of Rs. 2 face value each to an ESAR (Employee Stock Appreciation Rights) Grantee. This was upon exercise of vested SARs under the Safari Employees Stock Appreciation Rights Scheme 2022. As a result, the company's paid-up equity share capital increased marginally from Rs. 9,79,87,854 to Rs. 9,79,91,102. This is a routine employee compensation action and the dilution is negligible.
The impact on shareholders is minimal as only 1,624 shares were issued, representing an insignificant dilution. This is a standard corporate action related to employee stock incentive programmes and is unlikely to affect the stock price.