Safari Industries (India) Limited has submitted the Exchange a copy Scrutinizers report of Annual General Meeting held on August 01, 2025. Further, the company has informed the Exchange regarding voting results.
SAFARI · price
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Awaiting price reaction for this filing.
Safari Industries (India) Limited held its 45th AGM on August 1, 2025 via video conferencing, where all 5 resolutions were passed. Shareholders adopted the audited standalone and consolidated financial statements for FY25, approved a final dividend of Rs. 1.50 per share (75% on face value), and re-appointed Mr. Sumeet Nagar as a director (retiring by rotation). Mr. Sanjiv Kakkar was appointed as a Non-Executive Independent Director via special resolution, and M/s. Dilip Bharadiya & Associates were appointed as Secretarial Auditors. The total votes polled represented 77.1% of the 4.88 crore outstanding shares. Nearly all resolutions passed with over 99.99% approval, except the re-appointment of Mr. Sumeet Nagar which saw 9.08% dissent (about 34.2 lakh votes against), largely from public institutional investors.
Routine post-AGM compliance filing with no major surprises; the Rs. 1.50 final dividend is a positive cash return for shareholders. The notable ~9% institutional dissent on the director re-appointment resolution is a minor governance flag but unlikely to move the stock meaningfully.