Safari Industries Allots 1,755 Equity Shares Under ESAR Grant Scheme
Safari Industries India Ltd has announced a significant update regarding its equity structure following the approval of the Nomination, Remuneration and Compensation Committee Meeting held on August 3, 2026. The meeting addressed the allotment of stock shares to an ESAR Grantee.The committee approved the allocation of 1,755 Equity Shares of the company. These shares were allotted to an ESAR Grantee subsequent to the successful exercise of Employee Stock Appreciation Rights, which are vested under the Safari Employees Stock Appreciation Rights Scheme 2022. Each of these granted shares has a face value of Rs. 2/-.
The allotment directly impacts the company's paid-up share capital. Consequently, the issued, subscribed and paid-up equity share capital of Safari Industries India Ltd is scheduled to increase. Prior to this transaction, the company's share capital stood at Rs. 9,79,91,102/-. Following the allotment, the paid-up equity share capital will stand at Rs. 9,79,94,612/-.
SAFARI Stock Price Movement
As of 12:05 PM, shares of Safari Industries (India) Limited are slipping in live trading, shedding 0.59% to trade at ₹1550.40. The stock is currently active with a volume of 23,484 shares as it trades significantly below its previous closing price of ₹1559.60.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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