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.

Safari industries (India) Limited has announced the appointment of Mr. Manish Bhatia as Chief Human Resource Officer, effective January 27, 2026. The company disclosed this senior management appointment under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Appointment Details

The appointment represents a strategic addition to Safari Industries' leadership team, with Bhatia being designated as Senior Management under Regulation 16(1)(d) of the Listing Regulations. His appointment is part of the company's full-time employment structure without a specific term limitation.

Professional Background and Expertise

Manish Bhatia brings extensive experience to his new role, with over 26 years in human resources across multiple domains. His expertise encompasses HR Strategy, Talent Acquisition, Talent Management, Organizational Development, Compensation & Benefits, and HR Operations.

Industry Experience

Bhatia's career spans diverse sectors including:

• Building Materials
• Consumer Durables
• Automotive IT
• Retail Industry

A distinctive aspect of his background includes four years in a cross-functional sales leadership position, providing him with practical understanding of Sales & Sales Operations. This unique experience differentiates him from traditional HR professionals by offering business-side perspective.

Leadership Track Record

Since 2013, Bhatia has held HR leadership positions and demonstrated success in linking HR strategies with business priorities. His most recent role was as Executive Vice President – Human Resources at Greenply Industries Limited, where he gained valuable experience in the building materials sector.

Strategic Implications

The appointment reflects Safari Industries' focus on strengthening its human capital management capabilities. Bhatia's comprehensive experience across talent management, organizational development, and his unique sales operations background position him to contribute to the company's strategic objectives through effective HR leadership and business alignment.