Safari Industries: Rs 500 Cr QIP, MD re-appointment, CS exit, RTA change
SAFARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 4.1 pts less than its Plastic Products - Consumer peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board of Safari Industries approved raising up to Rs 500 Crore via Qualified Institutions Placement of equity shares. Re-appointed Sudhir Jatia as Managing Director for 5 years from April 18, 2026 to April 17, 2031, subject to shareholder approval. Company Secretary Rameez Shaikh resigned effective April 17, 2026 to pursue other opportunities. RTA changed from Adroit Corporate Services to MUFG Intime India. Postal ballot notice approved to seek shareholder approval.
QIP may dilute existing shareholders; MD continuity is positive; CS exit is a KMP change to track. Postal ballot to seek member approval.