Safe Enterprises Retail Fixtures Limited has confirmed that its promoter group did not create any encumbrance on shares during the financial year ended March 31, 2026. This disclosure ensures that the shares held by the promoters remain free from charges such as pledges or liens, providing clarity to investors regarding the ownership status. The declaration was submitted to the National Stock Exchange of India Limited to comply with regulatory requirements.

Mikdad Saleem Merchant, Whole Time Director & CFO and Promoter of the company, made the declaration on behalf of the promoter group along with persons acting in concert. The filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document confirms that no shares were encumbered, directly or indirectly, throughout FY26.

Regulatory Filing Details

The disclosure was addressed to the Listing Compliance Department of the National Stock Exchange of India Limited. The company provided the necessary documentation to ensure the information was taken on record. The following table summarizes the key details of the filing:

The declaration was signed digitally by Mikdad Saleem Merchant on April 7, 2026, at Navi Mumbai. The communication was also copied to the Company Secretary & Compliance Officer of Safe Enterprises Retail Fixtures Limited for internal records.

Safe Enterprises Retail Fixtures Limited approved the acquisition of a remaining 5.74% equity stake in its subsidiary, Safe Enterprises Retail Technologies Private Limited (SERTPL), on June 11, 2026, to convert it into a wholly owned subsidiary. The board sanctioned the purchase of 28,677 equity shares from promoter shareholders for a cash consideration expected to be between ₹4300 and ₹4400 per share, based on a valuation report from an independent registered valuer. This strategic move aims to facilitate deeper integration of operations, technology platforms, and strategic initiatives across the group. The transaction is slated for completion within 60 working days.

The meeting, conducted via video conferencing, also addressed the re-appointment of M/s. A D V & Associates, Chartered Accountants, as Statutory Auditors for a period of one financial year. The term extends from the conclusion of the Annual General Meeting for 2025-26 until the conclusion of the Annual General Meeting for Financial Year 2026-27. Additionally, the board appointed M/s. APRA & Associates LLP, Chartered Accountants, as Internal Auditors for the financial year 2026-27.

The acquisition involves purchasing shares from promoter shareholders Mr. Mikdad Saleem Merchant, Mr. Huzefa Saleem Merchant, and Mr. Saleem Shabbir Merchant. This transaction is classified as a related party transaction under SEBI Listing Regulations and will be conducted on an arm's length basis. SERTPL, incorporated on February 24, 2020, operates in the retail fixtures and shopfitting industry with a manufacturing unit in Pune, Maharashtra.

Financial Overview of SERTPL

SERTPL reported a turnover of ₹5368.53 Lakhs for the financial year 2025-26, up from ₹4249.47 Lakhs in the previous year. The entity is a material subsidiary and its business is closely aligned with the core operations of Safe Enterprises Retail Fixtures Limited.

Transaction Details

The board's decision follows regulatory disclosures required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The consideration for the acquisition will be paid in cash. The company confirmed that no specific governmental or regulatory approvals are required for this acquisition.