
ESOP3 Aug 2026, 11:41 am
Safari Industries Approves 1,755 Equity Share Allotment
AI Summary
Safari Industries India Ltd announced the approval of allotting 1,755 equity shares of face value Rs. 2 each to an ESAR Grantee. This allotment is a result of the exercise of Employee Stock Appreciation Rights vested under the Safari Employees Stock Appreciation Rights Scheme 2022. The company's issued, subscribed, and paid-up equity share capital will increase from Rs. 9,79,91,102/- to Rs. 9,79,94,612/- following this allotment. The decision was made by the Nomination, Remuneration and Compensation Committee of the Board of Directors during their meeting held on August 3, 2026.
Key Highlights
- 1,755 equity shares to be allotted to an ESAR Grantee.
- Allotment is under the Safari Employees Stock Appreciation Rights Scheme 2022.
- Company's equity share capital to increase post-allotment.
- Decision approved by the Nomination, Remuneration and Compensation Committee.
Price Impact
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