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Safari Industries executes licensing agreement with Carlton Retail

18 Feb 2026 Evaluate

Safari Industries (India) has executed licensing agreement with Carlton Retail (CRL) for use of brand ‘CARLTON’ under Class 18 for certain products including luggage in India. The term of the agreement is 20 years which may be renewed further period of 20 years at the discretion of the company. 

Total license fees payable to CRL under the agreement shall be Rs 45 lakh or 5% of total net sales, whichever is higher, upon completion of each license year. Total interest-free refundable Security Deposit payable to CRL under the agreement shall be Rs 99.50 crore to be paid in tranches over a period subject to conditions specified in the agreement.

The company manufactures injection-moulded plastic articles and vacuum-formed plastic articles.


Safari Industries(I) Share Price

1417.95 -15.60 (-1.09%)
30-Apr-2026 16:59 View Price Chart
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