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Safari Industries is in the business of manufacturing and trading of luggage and luggage accessories. There are two broad categories of luggage i.e hard luggage and soft luggage. Hard luggages are mainly made of PolyPropylene (PP) and Polycarbonate (PC) and manufactured in-house by Safari at its Plant located at Halol, Gujarat. Soft luggages are made of fabrics of various kinds and are mainly imported.
The Nomination, Remuneration and Compensation Committee approved the allotment of 1,755 equity shares, each with a face value of Rs. 2, to an Employee Stock Appreciation Rights (ESAR) grantee. This follows the exercise of vested rights under the company's ESAR Scheme 2022. As a result, the company's issued, subscribed, and...
Safari Industries' Nomination, Remuneration and Compensation Committee approved the allotment of 1,624 equity shares with a face value of Rs. 2 each. These shares were granted to an ESAR Grantee upon exercising Employee Stock Appreciation Rights under the company's 2022 scheme. This allotment increases the company's issued, subscribed, and paid-up...
Safari Industries signed a 20-year licensing deal with Carlton Retail for the "CARLTON" luggage brand in India. Deal includes 0.45 Cr/5% net sales fees, a 99.50 Cr refundable security deposit, and special rights for Carlton Retail, expanding Safari's market reach.
Safari Industries' Nomination, Remuneration and Compensation Committee has approved the allotment of 1,200 new equity shares. These shares are issued to an employee who exercised vested stock options under the company's ESOP scheme. This action slightly increases the total outstanding shares and adjusts the company's paid-up equity share capital from...
Safari Industries' Nomination, Remuneration and Compensation Committee has approved the allotment of 91,369 new equity shares. This includes 6,000 shares for ESOP grantees and 85,369 shares for ESAR grantees, following the exercise of employee stock options/rights. Consequently, the company's paid-up equity share capital will increase from Rs. 9.78 Cr to...