Safari Industries (India) Limited has announced significant changes to its board and senior leadership. The company has approved the re-appointment of independent directors Mr. Sridhar Balakrishnan and Mr. Aseem Dhru, while acknowledging the resignation of Mr. Rahul Kanodia. Additionally, the company has appointed Mr. Abhijaat Sinha as the new Company Secretary and Compliance Officer, effective June 17, 2026, following the upcoming departure of CFO Mr. Vineet Poddar.
Board Re-appointments
The board has approved the re-appointment of two non-executive independent directors for a second five-year term. Mr. Sridhar Balakrishnan will serve from August 10, 2026, to August 9, 2031, while Mr. Aseem Dhru has been re-appointed for the period from November 1, 2026, to October 31, 2031. Both re-appointments remain subject to shareholder approval at the upcoming Annual General Meeting.
Resignations and Leadership Transitions
Mr. Rahul Kanodia has resigned from his position as a non-executive independent director, effective May 20, 2026. Following this departure, the Nomination, Remuneration and Compensation Committee has been reconstituted to include Mr. Sanjiv Kakkar as Chairman, with Mr. Sridhar Balakrishnan and Mr. Piyush Goenka as members.
In other senior management changes, Mr. Vineet Poddar will step down as Chief Financial Officer effective at the close of business on June 30, 2026. To ensure a smooth transition, the company has appointed Mr. Abhijaat Sinha as the new Company Secretary, Compliance Officer, and Nodal Officer, effective June 17, 2026.
Annual General Meeting
The board has officially approved the notice for the 46th Annual General Meeting of the company, which is scheduled to take place on August 4, 2026. Further details regarding the meeting will be circulated to members in accordance with prescribed timelines.
Source: BSE
