Safari Industries has declared an interim dividend of ₹2 per equity share and approved a capital expenditure of up to ₹230 crore. The capex will be split between the company (₹170 crore) and its subsidiary, Safari Manufacturing Limited (₹60 crore), for infrastructure upgrades, warehouse expansion, and machinery to boost production capacity by 1.6 million pieces per month. The dividend will be paid by December 5, 2026, with a record date of November 12, 2026.
Board Approves Interim Dividend and Capacity Expansion
Safari Industries (India) Limited announced a significant board meeting held on November 5, 2026, where key financial results and strategic decisions were approved. The Board declared an interim dividend of ₹2 per equity share, representing 100% of the face value of ₹2. This dividend is scheduled to be paid on or before December 5, 2026. The record date for determining the entitlement of members for this dividend has been fixed as Thursday, November 12, 2026.
Capital Expenditure for Growth
In a move to bolster its manufacturing capabilities and meet growing demand, the Board also approved a substantial capital expenditure plan. A total of up to ₹230 crore has been allocated for this purpose. This includes ₹170 crore for the parent company and ₹60 crore for its wholly-owned subsidiary, Safari Manufacturing Limited (‘SML’).
Enhancing Production Capacity
The approved capital expenditure will be utilized for enhancing infrastructure, acquiring land for a new warehouse, and installing new plant and machinery. These investments are projected to significantly increase production capacity, with SML expected to achieve an output of up to 1.6 million pieces per month. The investment required for SML’s expansion is estimated at ₹60 crore, which will be financed through internal accruals, aiming to cater to increased demand and future growth.
Unaudited Financial Results
The Board also considered and approved the unaudited financial results for the quarter and half year ended September 30, 2026, for both standalone and consolidated operations. These results, along with the Limited Review Report, have been submitted and uploaded on the company’s website, www.safaribags.com, and will be published in newspapers as per regulatory requirements.
Financial Highlights (Standalone & Consolidated)
For the Quarter Ended September 30, 2026:
- Revenue from operations stood at ₹579.83 crore (Standalone) and ₹590.22 crore (Consolidated).
- Profit after tax was ₹17.55 crore (Standalone) and ₹36.93 crore (Consolidated).
For the Six Months Ended September 30, 2026:
- Revenue from operations reached ₹1,166.60 crore (Standalone) and ₹1,170.80 crore (Consolidated).
- Profit after tax amounted to ₹46.42 crore (Standalone) and ₹46.94 crore (Consolidated).
Statement of Assets and Liabilities
As at September 30, 2026, the company’s total assets stood at ₹1,471.98 crore (Standalone) and ₹1,625.45 crore (Consolidated). Total equity was ₹1,062.39 crore (Standalone) and ₹1,196.33 crore (Consolidated).
Cash Flow Statement Summary
For the six months ended September 30, 2026, net cash used in operating activities was ₹30.38 crore (Standalone) and ₹1.58 crore (Consolidated). Net cash generated from investing activities was ₹16.12 crore (Standalone) and used ₹15.22 crore (Consolidated).
Source: BSE
