Safari Industries Approves Interim Dividend & ₹170 Cr Capex for Capacity Expansion
Safari Industries approved interim dividend of ₹2 per share and capital expenditure up to ₹170 Crore for company and ₹60 Crore for subsidiary. This capex aims to increase production capacity by 16 Lacs pieces/month by June 2028, funded by internal accruals. Unaudited results for Q2FY27 were also approved.
The declaration of dividend directly impacts shareholders, while the substantial capital expenditure signals a strong growth strategy and potential for increased future revenue and profitability.
The approval of an interim dividend and significant capital expenditure for capacity expansion are positive indicators for the company's growth prospects and shareholder returns.
Safari Industries (India) Limited announced the outcome of its Board Meeting held on November 5, 2026. The Board approved the unaudited financial results for the quarter and half-year ended September 30, 2026, both on a standalone and consolidated basis.
The company declared an interim dividend of ₹2 per equity share (100%) for the financial year 2026-27. The record date for this dividend has been fixed as November 12, 2026, and the payment will be made on or before December 5, 2026.
Furthermore, the Board approved a significant capital expenditure of up to ₹170 Crore for the company and up to ₹60 Crore for its wholly-owned subsidiary, Safari Manufacturing Limited (SML). This investment will be utilized for infrastructure improvement, land acquisition for a new warehouse, and the installation of plant & machinery. The primary objective is to enhance production capacity at SML by up to 16 Lacs pieces per month, with the capacity addition expected to be completed by June 2028. The investment will be financed through internal accruals.
The Board Meeting commenced at 11:20 am IST and concluded at 2:00 pm IST.
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Safari Industries (India) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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