Safari Industries (India) Limited has announced the declaration of 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 of Directors also approved a substantial capital expenditure of up to ₹170 crore for its own operations and ₹60 crore for its subsidiary, Safari Manufacturing Limited. This capex is aimed at infrastructure improvements, warehouse expansion, and plant machinery to boost production capacity.
Interim Dividend Declared
Safari Industries (India) Limited’s Board of Directors, in their meeting held on November 5, 2026, declared an interim dividend of ₹2 per equity share (100%) on shares of ₹2 face value. This dividend is for the financial year 2026-27 and is scheduled to be paid on or before December 5, 2026. The record date for determining the entitlement of shareholders for this dividend has been fixed as Thursday, November 12, 2026.
Capital Expenditure Approval
The Board also gave its approval for a significant capital expenditure. Up to ₹170 crore will be invested in the Company for infrastructure improvements and land acquisition for new warehouses. Additionally, ₹60 crore will be allocated to its wholly-owned subsidiary, Safari Manufacturing Limited (‘SML’). This investment is intended to enhance production capacity, particularly at SML, aiming for an output of up to 16 lac pieces per month. The investment required for SML is planned to be funded through internal accruals and is expected to be completed by June 2028.
Unaudited Financial Results
The Board reviewed and approved the unaudited financial results for the quarter and half-year ended September 30, 2026, both on a standalone and consolidated basis. These results, along with the limited review report, have been uploaded to the company’s website and will be published in newspapers as per regulatory requirements.
Source: BSE
