Safari Industries (India) Limited announced today, August 3, 2026, that its Nomination, Remuneration and Compensation Committee has approved the allotment of 1,755 Equity Shares. These shares, with a face value of Rs. 2/- each, are being issued to an ESAR Grantee upon exercise of vested Employee Stock Appreciation Rights under the Safari Employees Stock Appreciation Rights Scheme 2022. This allotment will result in an increase in the company’s issued, subscribed, and paid-up equity share capital from Rs. 9,79,91,102/- to Rs. 9,79,94,612/-.
Safari Industries Announces Equity Share Allotment
Safari Industries (India) Limited has officially announced the outcome of its Nomination, Remuneration and Compensation Committee meeting held on Monday, August 3, 2026. The committee has approved the allotment of 1,755 Equity Shares of the company.
ESAR Grantee Allotment Details
These equity shares, each having a face value of Rs. 2/-, are to be issued to an ESAR Grantee. The allotment is a consequence of the grantee exercising their Employee Stock Appreciation Rights (ESARs) that have vested under the Safari Employees Stock Appreciation Rights Scheme 2022. This move reflects the company’s incentive schemes for its employees.
Impact on Share Capital
Following this allotment, the total issued, subscribed, and paid-up equity share capital of Safari Industries (India) Limited will see a notable increase. The capital will be raised from Rs. 9,79,91,102/- to Rs. 9,79,94,612/-. This adjustment in the company’s capital structure has been communicated to the stock exchanges for their record.
Source: BSE
