Safari Industries (India) Ltd has reported its audited financial results for the year ended 31 March 2026. The company posted a consolidated net profit of ₹167.76 crore, a growth of 17.5% compared to ₹142.80 crore in the previous year. Revenue from operations for the year stood at ₹2,047.02 crore, up from ₹1,771.58 crore in FY25. On a standalone basis, net profit increased to ₹124.78 crore from ₹117.53 crore in the corresponding period last year.

The Board of Directors has recommended a final dividend of ₹2 (100%) per equity share of ₹2 each for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. If approved, the payment will be made on or before 3 September 2026, subject to deduction of tax at source.

Full-Year Financial Performance

The annual performance reflected broad-based growth across both consolidated and standalone metrics. The following table summarises the key financial indicators for the full year:

Q4 Performance

In the quarter ended 31 March 2026, Safari Industries reported consolidated revenue of ₹473.30 crore, compared to ₹421.06 crore in the same quarter of the previous year. Consolidated net profit for the quarter came in at ₹37.47 crore, compared to ₹37.59 crore reported in the year-ago period. On a standalone basis, net profit for the quarter was ₹34.93 crore on revenue of ₹470.55 crore.

Operational Highlights

The total equity share capital as of 31 March 2026 was ₹9.80 crore. The company's other equity reserves stood at ₹1,104.87 crore on a consolidated basis. The auditors, Walker Chandiock & Co LLP, provided an unmodified opinion on the financial results.

Safari Industries (India) Ltd announced the outcome of its Board Meeting held on May 19, 2026, approving several key managerial changes and director appointments. The Board has greenlit the re-appointment of two existing Independent Directors and appointed a new Company Secretary, while also accepting resignations from an Independent Director and the Chief Financial Officer.

Re-appointment of Independent Directors

The Board approved the re-appointment of Mr. Sridhar Balakrishnan as a Non-Executive Independent Director for a second term of five years. His current term expires on August 9, 2026, and the new term is proposed from August 10, 2026, to August 9, 2031, subject to shareholder approval. Mr. Balakrishnan is the Chief Executive Officer of Duroflex Limited and brings extensive experience in the FMCG, media, and construction products industries.

Similarly, Mr. Aseem Dhru has been re-appointed as a Non-Executive Independent Director for a term of five years, effective from November 1, 2026, to October 31, 2031, subject to member approval. He currently serves as the Managing Director and Chief Executive Officer of SBFC Finance Limited and possesses over 28 years of experience in the banking sector.

Resignations and New Appointments

Mr. Rahul Kanodia has resigned from his position as Non-Executive Independent Director, effective May 20, 2026. The resignation follows his decision to step down due to governance and independence requirements related to a family marriage alliance with the Promoter. The Board placed on record its appreciation for his contributions over nearly 10 years.

In a significant change to the Key Managerial Personnel, Mr. Vineet Poddar resigned as Chief Financial Officer to pursue other career opportunities. His resignation was accepted by the Board, and he will be relieved from his duties effective June 30, 2026. Consequently, the Board appointed Mr. Abhijaat Sinha as the Company Secretary, Compliance Officer, and Nodal Officer, effective June 17, 2026. Mr. Sinha brings over 27 years of experience in secretarial and legal functions.

Committee Re-constitution and AGM Notice

Following the resignation of Mr. Rahul Kanodia, the Board re-constituted the Nomination, Remuneration and Compensation Committee effective May 20, 2026. The committee will be chaired by Mr. Sanjiv Kakkar, with Mr. Sridhar Balakrishnan and Mr. Piyush Goenka serving as members.

Furthermore, the Board approved the notice for the 46th Annual General Meeting, scheduled to be held on August 4, 2026. The notice will be circulated to members within the prescribed timelines.