Safari Industries (India) Ltd has officially completed the transition of its Registrar and Share Transfer Agent (RTA) services, marking a significant administrative change for the luggage manufacturer. The company announced the successful completion of the RTA change process on April 22, 2026, following confirmations from both major depositories.

RTA Transition Details

The transition involved a complete handover of registrar services between two established financial service providers:

Official Communication Framework

The company formally communicated the RTA change to both BSE Limited and National Stock Exchange of India Limited through official correspondence. The communication referenced the initial intimation dated February 10, 2026, demonstrating a structured approach to regulatory compliance.

Depository Confirmations

Both National Securities Depository Limited and Central Depository Services Limited provided formal confirmations for the RTA change, ensuring seamless electronic connectivity for the new arrangement. The confirmations were received following the company's initial intimation, demonstrating a well-coordinated transition process spanning over two months.

Operational Timeline and Documentation

The transition followed a precise timeline to ensure uninterrupted services for shareholders. Adroit Corporate Services Private Limited ceased to function as the company's RTA from the beginning of April 21, 2026, while MUFG Intime India Private Limited commenced operations as the new RTA from the same day, ensuring no service gap.

Safari Industries indicated that it will separately inform the stock exchanges upon signing the Tripartite Agreement between Adroit Corporate Services Private Limited, MUFG Intime India Private Limited, and the company. This agreement will formalize the transition arrangements and establish the operational framework for the new RTA relationship.

Transparency and Disclosure Measures

The company has committed to maintaining transparency by disclosing all relevant information on its official website at www.safaribags.com . This ensures that shareholders and stakeholders have access to updated information regarding the RTA change and can direct their queries to the appropriate service provider going forward. The formal communication was digitally signed by Managing Director Sudhir Jatia, adding authenticity to the official announcement.

Safari Industries (India) Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling mandatory regulatory requirements under SEBI regulations for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and National Stock Exchange of India Limited on April 6, 2026. Company Secretary and Compliance Officer Rameez Shaikh signed the submission, ensuring adherence to prescribed timelines.

Certificate Confirmation

Adroit Corporate Services Private Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate on April 1, 2026. The certificate confirms that all securities received from depository participants for dematerialization during the quarter were properly processed and verified according to regulatory standards.

Compliance Verification

The registrar confirmed several key compliance aspects in their certificate:

• All securities received for dematerialization were confirmed to depositories within prescribed timelines
• Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Physical security certificates received for dematerialization were properly mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the mandatory 15-day period

Regulatory Framework

This quarterly filing represents part of Safari Industries' ongoing compliance with SEBI's depositories and participants regulations, which govern the dematerialization process and ensure proper handling of securities transactions. The regulation requires companies to maintain accurate records and timely processing of all dematerialization requests through their appointed registrars.