Safari Industries has announced an interim dividend of ₹2 per equity share for the financial year 2026-27, with a record date set for November 12, 2026. The company’s Board also approved a capital expenditure of up to ₹170 crore for itself and ₹60 crore for its subsidiary, Safari Manufacturing Limited. This investment aims to enhance infrastructure, acquire land for a new warehouse, and install machinery to boost production capacity.
Board Approves Interim Dividend and Expansion Plans
Safari Industries (India) Limited has announced key financial and operational decisions following its Board of Directors meeting held on November 5, 2026. The Board declared an interim dividend of ₹2 per equity share (100% of face value) for the financial year 2026-27. The dividend will be paid on or before December 5, 2026, with the record date fixed for November 12, 2026.
Significant Capital Expenditure for Growth
In a move to bolster its manufacturing capabilities and meet growing demand, the Board has approved a significant capital expenditure plan totaling ₹230 crore. Of this amount, ₹170 crore will be invested by the parent company, Safari Industries, and ₹60 crore by its wholly owned subsidiary, Safari Manufacturing Limited (‘SML’).
Enhancing Production Capacity
The allocated funds will be utilized for improvements in infrastructure, acquisition of land for a new warehouse, and the installation of plant and machinery. These investments are strategically aimed at enhancing SML’s production capacity, with an expected increase to up to 16 Lacs pieces per month. The investment required for SML’s capacity expansion is up to ₹60 crore, to be financed through internal accruals, with the capacity addition expected by June 2028.
Financial Results Approved
The Board also considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026. These results, along with the Limited Review Report, have been enclosed and will be published as per regulatory requirements.
Source: BSE
