Safari Industries (India) Limited reported a standalone net profit of ₹28.87 crore for the quarter ended June 30, 2026, marking a 27% year-on-year decline from ₹39.69 crore in Q1FY25. This contraction occurred despite an 11% surge in revenue from operations to ₹586.77 crore, up from ₹527.34 crore in the prior-year period. The divergence between top-line growth and bottom-line pressure highlights significant margin compression during the quarter. Concurrently, the Board of Directors appointed Aditya Bhargava as Chief Financial Officer, effective August 4, 2026.

The Board meeting, held on August 4, 2026, approved the unaudited financial results for both standalone and consolidated entities. Consolidated revenue from operations rose 11% to ₹588.58 crore, compared to ₹527.83 crore in Q1FY25. However, consolidated net profit slipped 5% to ₹47.75 crore from ₹50.49 crore in the corresponding period last year. The results were reviewed by Walker Chandiok & Co LLP, the statutory auditors, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Breakdown

Standalone total income increased to ₹596.73 crore from ₹536.03 crore in Q1FY25, driven primarily by higher revenue. Other income remained stable at ₹9.96 crore. Total expenses rose to ₹559.05 crore from ₹484.07 crore, with purchases of stock-in-trade increasing significantly to ₹316.00 crore from ₹252.09 crore. Employee benefits expense also edged up to ₹29.86 crore from ₹26.05 crore.

Tax expense for the standalone entity was ₹8.81 crore, compared to ₹12.27 crore in Q1FY25. For the consolidated group, tax expense stood at ₹13.30 crore against ₹14.95 crore in the previous year. Earnings per share (basic) declined to ₹5.89 from ₹8.12 on a standalone basis and to ₹9.75 from ₹10.33 on a consolidated basis.

What the Numbers Show

The financial data reveals a clear trend of expanding sales but contracting profitability. While revenue grew by approximately 11%, net profit fell by 27% standalone and 5% consolidated. This suggests that the cost structure did not scale efficiently with revenue growth. Specifically, the increase in 'purchases of stock-in-trade' and 'other expenses' outpaced revenue growth. In the standalone figures, other expenses rose to ₹125.40 crore from ₹111.66 crore, indicating potential operational inefficiencies or higher input costs that were not fully passed on to customers. Investors should monitor whether these margin pressures are temporary or structural in subsequent quarters.

Leadership Change

Aditya Bhargava assumes the role of CFO and Key Managerial Personnel immediately. He joins from Badshah Masala Private Limited, a Dabur enterprise, where he served as CFO and SAARC Finance Head. With qualifications including a Chartered Accountancy degree and B.Com Honors from Delhi University, Bhargava brings experience from PepsiCo India and Gillette India. His appointment follows recommendations from the Nomination, Remuneration and Compensation Committee and the Audit Committee. The company disclosed this change under SEBI Master Circular No HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Safari Industries (India) Limited has extended its special window for the transfer and dematerialization of physical shares until February 4, 2027. Announced on August 3, 2026, this extension provides shareholders additional time to regularize holdings executed prior to April 1, 2019. The company aims to facilitate the lodgement or re-lodgement of transfer deeds that were previously rejected, returned, or not attended to due to deficiencies in documents or processes. Shareholders must act within this stipulated timeline to ensure their securities are credited in demat mode, as all requests under this special window will be processed only in electronic form.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. Safari Industries published a newspaper advertisement in Business Standard on August 3, 2026, to inform stakeholders of the extended deadline. This regulatory compliance ensures transparency regarding the critical dates for shareholders holding physical certificates who wish to transition to demat holdings without facing further procedural hurdles.

Key Details of the Special Window

The special window covers transfer deeds executed strictly before April 1, 2019. Only requests accompanied by original share certificates along with these older transfer deeds and other supporting documents specified in the SEBI circular will be considered. Any securities processed during this period will be subject to a mandatory lock-in period of one year from the date of registration of the transfer.

Shareholders are advised to contact the company’s Registrar and Transfer Agent, MUFG Intime India Private Limited, within the stipulated timelines. The RTA’s unit for Safari Industries is located at C 101, Embassy 247, L B S Marg, Vikhroli (West), Mumbai - 400083. Investors can reach them via telephone at +91 8108116767 or email at investor.helpdesk@in.mpms.mufg.com for assistance with document submission and processing queries.

Exclusions and Dispute Resolution

The company clarified that cases involving disputes between transferors and transferees will not be considered under this special window. Such matters must be settled through court or NCLT processes. Additionally, securities that have already been transferred to the Investor Education and Protection Fund (IEPF) are excluded from this special window and cannot be processed for transfer or dematerialization during this period. Shareholders with disputed claims should pursue legal remedies rather than relying on this administrative window.

What This Means for Shareholders

This extension offers a final opportunity for long-term holders of physical shares to dematerialize their holdings without navigating complex legacy issues. The one-year lock-in period post-registration serves as a regulatory safeguard to prevent immediate trading of these newly digitized securities, ensuring market stability. Failure to utilize this window may result in continued difficulties in transferring or pledging physical shares, which are increasingly cumbersome to manage in modern electronic trading environments. Investors should verify the status of their physical certificates and ensure all documentation is complete before the February 4, 2027 deadline.