Safari Industries India Ltd. Approves Re-appointment of Managing Director and QIP
Safari Industries India Ltd. announced that its shareholders approved the re-appointment of Mr. Sudhir Jatia as Managing Director and the raising of funds through a Qualified Institutions Placement (QIP) on March 18, 2026. The resolutions were passed with a requisite majority during a remote e-voting process that concluded on the same date.According to the results, 21,900,000 shares were voted, with 21,900,000 votes cast in favor of Mr. Jatia’s reappointment. Similarly, for the QIP resolution, 21,900,000 shares were voted, with 21,900,000 votes in favor.
A detailed breakdown of the voting results, along with a Scrutinizer's Report from Dilip Bharadiya & Associates, is available on the company’s website at www.safaribags.com and the website of the National Securities Depositories Limited at www.evoting.nsdl.com.
Key Details from Voting Results:
| Resolution | Resolution Type | Promoter/Promoter Group Interest | No. of Shares Held | No. of Votes Polled | % of Votes Polled on Outstanding Shares | No. of Votes - in Favor | No. of Votes - Against | % of Votes in Favor on Votes Polled |
|---|---|---|---|---|---|---|---|---|
| Re-appointment of Mr. Sudhir Jatia | Special | Yes | 21,900,000 | 21,900,000 | 100.0000 | 21,900,000 | 0 | 100.0000 |
| Raising of Funds through QIP | Special | No | 18,187,004 | 16,438,616 | 90.3866 | 16,438,616 | 322,058 | 98.0408 |
| Total | - | - | 48,992,279 | 39,410,975 | 80.4432 | 39,410,659 | 316 | 99.17 |
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