StockWatch
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Plastic Products - Consumer
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.