Safari Industries (India) Limited has informed the Exchange regarding Board meeting held on August 01, 2025.
SAFARI · price
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Safari Industries' board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), which received a clean limited review report from auditor Walker Chandiok & Co LLP. The board appointed Ms. Manjaree Chowdhary (currently General Counsel at Maruti Suzuki India) as an Additional Non-Executive Independent Director for a 5-year term starting August 2, 2025, subject to shareholder approval via postal ballot. Independent Director Mrs. Vijaya Sampath's tenure ended on August 4, 2025, leading to a reconstitution of board committees. The company also approved investing up to Rs. 25 crore in its wholly owned subsidiary Safari Manufacturing Limited (SML) through 2.5 crore redeemable preference shares at 6.50% coupon, aimed at funding capital expenditure. SML's turnover has grown sharply from Rs. 116.44 crore in FY23 to Rs. 322 crore in FY24 and Rs. 481.03 crore in FY25.
The Q1 results carry a clean audit review with no qualifications, which is a positive sign for investors. The Rs. 25 crore infusion into the fast-growing manufacturing subsidiary signals continued capacity expansion, while the high-profile independent director addition strengthens board governance. No negative signals detected in the financial review.