Safari Industries (India) Limited has issued a comprehensive postal ballot notice to shareholders seeking approval for the re-appointment of Managing Director Mr. Sudhir Jatia and the proposed Rs 500.00 crore fundraising through Qualified Institutions Placement (QIP). The notice, dated February 13, 2026, outlines the remote e-voting process and key resolutions requiring shareholder approval.

Remote E-voting Schedule and Process

The company has established a structured timeline for the postal ballot process, enabling shareholders to participate through electronic voting exclusively:

The postal ballot notice has been distributed electronically to members whose email addresses are registered with the company, Registrar and Transfer Agents, or Depository Participants as of February 6, 2026. Physical copies are not being sent in compliance with Ministry of Corporate Affairs circulars.

Managing Director Re-appointment Resolution

The first special resolution seeks approval for Mr. Sudhir Jatia's re-appointment as Managing Director for an extended five-year term. The board, on recommendation of the Nomination, Remuneration and Compensation Committee, has approved his continuation in the role:

Mr. Jatia's remuneration structure includes a basic salary of Rs 13,64,869 per month, performance-linked pay not exceeding 1% of net profits, and various perquisites including medical insurance, club fees, and provision of vehicles. The overall annual remuneration shall not exceed 5% of the company's net profits as computed under Section 198 of the Companies Act, 2013.

Qualified Institutions Placement Approval

The second special resolution addresses the proposed fundraising initiative through QIP, enabling the company to raise substantial capital for growth initiatives:

The funds will be raised from qualified institutional buyers including mutual funds, insurance companies, foreign portfolio investors, banks, and other eligible categories as permitted under applicable laws. The pricing will be determined based on the floor price calculated according to SEBI regulations.

Corporate Governance and Compliance

The company has appointed Mr. Dilip Bharadiya and Mrs. Shivangini Gohel of M/s. Dilip Bharadiya & Associates as scrutinizers to ensure fair and transparent conduct of the remote e-voting process. The postal ballot notice complies with Section 108 and Section 110 of the Companies Act, 2013, and relevant SEBI regulations.

Shareholders can access the complete notice and related documents on the company's website at www.safaribags.com , stock exchange websites, and NSDL's e-voting portal. The resolutions, if passed by requisite majority, will be deemed effective from March 18, 2026, the last date for e-voting.

Financial Performance Context

The company's recent financial performance demonstrates strong growth trajectory, with net sales of Rs 1,769.66 crore and profit after tax of Rs 117.53 crore for 2024-25. The proposed QIP will strengthen the capital base and provide financial flexibility for long-term growth strategy, capacity expansion, and potential acquisitions while maintaining compliance with regulatory requirements.

Safari Industries (India) Limited announced its unaudited financial results for the quarter and nine months ended 31st December 2025. The Board of Directors approved the standalone and consolidated financial results at their meeting held on 10th February 2026, with the results being reviewed by the Audit Committee and subjected to limited review by statutory auditors.

Board Meeting Outcome

The Board of Directors meeting commenced at 11:00 am (IST) and concluded at 2:30 pm (IST) on 10th February 2026. The meeting was conducted pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have been uploaded on the company's website at www.safaribags.com and will be published in newspapers as per regulatory requirements.

Quarterly Financial Performance

The company's standalone performance for Q3FY26 showed mixed results compared to the previous year. Revenue from operations increased to ₹511.77 crores from ₹442.33 crores in Q3FY25, while total income including other income reached ₹521.37 crores compared to ₹452.40 crores in the corresponding quarter last year.

Nine-Month Performance Analysis

For the nine-month period ended 31st December 2025, Safari Industries demonstrated stronger year-over-year growth. Standalone revenue from operations reached ₹1,571.91 crores compared to ₹1,349.11 crores in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹89.85 crores against ₹84.05 crores in the previous year.

Consolidated Results

The consolidated financial results, which include Safari Industries and its two wholly owned subsidiaries Safari Manufacturing Limited and Safari Lifestyles Limited, showed similar trends. Consolidated revenue from operations for Q3FY26 was ₹512.37 crores compared to ₹442.71 crores in Q3FY25. Net profit on a consolidated basis reached ₹32.89 crores versus ₹31.14 crores in the corresponding quarter last year.

Operational Highlights

During the quarter and nine months ended 31st December 2025, the company allotted equity shares under its employee stock option schemes. The company allotted 1,200 equity shares during the quarter and 10,200 equity shares during the nine-month period under the Safari Employee Stock Option Scheme, 2016. Additionally, 95,535 equity shares were allotted during the nine months under the Safari Employees Stock Appreciation Rights Scheme, 2022.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standard 34 'Interim Financial Reporting' and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted the implementation of the New Labour Codes effective 21st November 2025, which consolidated multiple existing labour legislations into four unified codes, and has accounted for increased obligations accordingly.