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Safari Industries (India) informs about outcome of board meeting

15 Jan 2024 Evaluate

Pursuant to Regulations 30 read with Schedule III to the Listing Regulations, Safari Industries (India) has informed that the Board of Directors of the Company, at its Meeting held today, on Monday, 15th January 2024 considered and approved, the issuance and allotment of 12,00,000 Equity Shares of the Company having a face value of Rs 2 each (Equity Shares) at a price of Rs 1,908 per Equity Share (including a premium of Rs 1,906 per Equity Share on a preferential basis (the ‘Preferential Issue’) for cash to mentioned non-promoter (‘Proposed Allottee’) in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the ‘SEBI ICDR Regulations’) and the Companies Act, 2013 subject to the approval of the Members of the Company at the Extraordinary General Meeting and such regulatory/ statutory authorities as may be applicable, as details enclosed. The detailed disclosure as required pursuant to Schedule III of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated 13th July 2023 is enclosed as ‘Annexure A’. Further, the Board has also approved to seek approval of the Members for the aforesaid Preferential Issue at an Extra-ordinary General Meeting to be held on 13th February 2024, notice of which shall be circulated to the Members.

The above information is a part of company’s filings submitted to BSE.

Safari Industries(I) Share Price

1579.15 25.35 (1.63%)
17-Apr-2026 16:59 View Price Chart
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