Safari Industries (India) Limited has announced the allotment of 1,624 equity shares to a grantee under the company’s Employee Stock Appreciation Rights (ESAR) Scheme 2022. This move follows the successful exercise of vested rights by the employee, reflecting the company’s ongoing commitment to its employee incentive programs. Following this issuance, the company’s paid-up equity share capital has been adjusted to Rs. 9,79,91,102.
Expansion of Share Capital
Following a recent meeting of the Nomination, Remuneration and Compensation Committee held on May 19, 2026, Safari Industries (India) Limited has approved the issuance of 1,624 new equity shares. Each share, with a face value of Rs. 2, has been allotted to an ESAR grantee who has successfully exercised their vested rights under the Safari Employees Stock Appreciation Rights Scheme 2022.
Financial Impact
This allotment has led to a marginal increase in the company’s total issued, subscribed, and paid-up equity share capital. The figure has risen from Rs. 9,79,87,854 to Rs. 9,79,91,102. The move highlights the company’s execution of its long-term incentive strategy, ensuring that employee benefits remain aligned with the company’s growth objectives.
Source: BSE
