Safa Systems & Technologies approved a preferential allotment of 23.90 lakh equity shares to its promoters and promoter group members, raising an aggregate consideration not exceeding ₹4,89,23,300. The issue price is set at ₹20.47 per share, including a premium of ₹10.47 over the face value of ₹10.

The board of directors took these decisions during a meeting held on August 19, 2026, at its registered office in Ernakulam, Kerala. The allotment involves eight investors from the promoter group, reinforcing their stake in the company. Post-allotment, Managing Director Faizal Bavaraparambil Abdul Khader’s shareholding will increase from 11.55% to 15.29%, while Non-Executive Director Sruthi Muhammed Ali’s stake will rise from 6.21% to 6.58%.

Capital Raise and Shareholding Changes

The preferential issue is subject to shareholder approval at the fifth annual general meeting (AGM) scheduled for September 11, 2026. The transaction adheres to Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and applicable provisions of the Companies Act, 2013.

Other promoter group members, including Pathukunju Abdul Khader, Soumya Arakkal Ayyoob, Ayyoob Bavaraparambil Abdul Khader, and Anaz Abdul Khader Bavaraparambil, will see marginal increases in their respective stakes.

Board Approvals and Corporate Actions

Beyond the capital raise, the board authorized significant operational and governance changes:

• Borrowing Powers: The company received approval to borrow funds up to ₹500 crore under Section 180(1)(C) of the Companies Act, 2013. This power requires subsequent shareholder ratification.
• Registered Office Shift: The board approved moving the registered office from Kerala to the National Capital Territory of Delhi. This move entails consequential amendments to Clause II of the Memorandum of Association and requires approvals from shareholders, the Central Government (via Regional Director), and other relevant authorities.
• Director Re-appointments: Mr. Sankaranarayanan Nair Sreejith and Mr. Bengolan Anilkumar were re-appointed as independent directors for five-year terms commencing December 6, 2026, pending AGM approval.
• Managerial Remuneration: The board waived recovery of excess managerial remuneration paid to MD Faizal Bavaraparambil Abdul Khader and Non-Executive Director Sruthi Muhammed Ali for the period April 1, 2024, to March 31, 2026. It also approved increases in their remuneration and the payment of managerial remuneration in excess of Section 197 limits for any financial year.

The 5th AGM will be conducted via video conferencing or other audio-visual means on September 11, 2026, at 3:30 pm.

Safa Systems & Technologies Ltd has designated Office No. 712, 7th Floor, Indraprakash Building, 21, Barakhamba Road, New Delhi-110001 as its new Corporate Office. The Board of Directors approved the designation during a meeting held on Friday, 26th June, 2026, at the Registered Office in Ernakulam, Kerala. The new office is established to facilitate and support the corporate, administrative, and operational functions of the company.

The company has entered into a Lease Agreement with the owners of the premises to secure the location. The Board meeting commenced at 03:30 P.M. and concluded at 04:00 P.M. on the same day.

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