Shareholders meeting

10th July 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, Block G, Bandra Dalal Street, Mumbai 400001 Kurla Complex, Bandra (East), Mumbai 400051 Scrip Code: 523025 Scrip Symbol: SAFARI Subject: Notice of the 46th Annual General Meeting (“AGM”) and Annual Report for FY2025-26 of the Company as required under Regulation 30 and Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/ Madam, Pursuant to Regulation 30 read with Para A, Part A of Schedule III and Regulation 34(1) of the Listing Regulations, enclosed herewith is the Notice of 46th AGM to be held on Tuesday, 4th August 2026 at 3:30 pm (IST) through Video Conference (VC)/ Other Audio Visual Means (OAVM) along with Annual Report (including Business Responsibility and Sustainability Report) for FY2025-26 of the Company. The said Notice forms part of the Annual Report 2025-26. The said Annual Report 2025-26 is being sent to all Members at their respective e-mail IDs or addresses registered with the Company/ Registrar and Transfer Agent/ Depositories. The e-voting details are mentioned below: Cut-off Date (for determining Members Wednesday, 29th July 2026 eligible for e-voting) Remote e-voting period From: Friday, 31st July 2026 (9:00 am IST) Upto: Monday, 3rd August 2026 (5:00 pm IST) The aforesaid Notice and the Annual Report are also available on the website of the Company at https://safaribags.com/pages/investor-relations#annual_reports. You are requested to kindly take the same on record. Thanking you, For Safari Industries (India) Limited Abhijaat Sinha Company Secretary & Legal Head Encl: As above Regd Off: Safari Industries (India) Ltd, 302-303 A Wing, The Qube, CTS No. 1498, A/2, MV Road, Marol, Andheri (E), Mumbai - 400059, Maharashtra, India Tel 022 4038 1888 | CIN: L25200MH1980PLC022812 | Email id: corporate@safari.in | Website: www.safaribags.com 46th ANNUAL GENERAL MEETING REGISTERED OFFICE : Tuesday, 4th August 2026 at 3:30 pm (IST) Through Video 302-303, A Wing, The Qube, CTS No. 1498, Conferencing/ Other Audio Visual Means A/2, M. V. Road, Marol, Andheri (East), Mumbai-400059 (T) : +91-22-40381888 (E) investor@safari.in (W) www.safaribags.com CONTENTS CIN : L25200MH1980PLC022812 Notice 01 FACTORY : Directors’ Report 13 Safari Industries (India) Limited 1701/1, 2200 & 2201, GIDC Industrial Estate, Halol 389350, Annexures to Directors’ Report 22 Dist: Panchmahal (Gujarat) ESG and Business Responsibility & Safari Manufacturing Limited Sustainability Report 59 1. Survey No. 331 & 332, Baroda-Halol Highway, Near Toll Independent Assurance Statement 114 Naka, Halol 389350, Dist: Panchmahal (Gujarat) Standalone Financials Auditor’s Report 118 2. Plot Nos. DTA-002-003 to 002-007, Mahindra World City Jaipur, Village Kalwara, Tehsil Sanganer, Off Jaipur - Balance Sheet 130 Ajmer Road, NH- 48, District Jaipur 302037, Rajasthan Statement of Profit and Loss 131 BANKERS : Cash Flow Statement 132 Axis Bank Limited Statement of Changes in Equity 134 HDFC Bank Limited Notes to Accounts 136 IndusInd Bank Limited ICICI Bank Limited Consolidated Financials Auditor’s Report 196 Balance Sheet 204 AUDITORS : M/s. Walker Chandiok & Co LLP, Chartered Accountants Statement of Profit and Loss 205 Cash Flow Statement 206 REGISTRAR & SHARE TRANSFER AGENT (“RTA”) : MUFG Intime India Private Limited (Formerly known as Statement of Changes in Equity 208 Link Intime India Private Limited) - Appointed w.e.f. 21st Notes to Accounts 210 April 2026 Address: C 101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli BOARD OF DIRECTORS : (West), Mumbai – 400083, Maharashtra, India Mr. Sudhir Jatia (Chairman & Managing Director) (E): investor.helpdesk@in.mpms.mufg.com Mr. Rahul Kanodia (ceased w.e.f. 20th May 2026) (T): +91 8108116767 Mr. Piyush Goenka Adroit Corporate Services Private Limited (Erstwhile RTA) Mr. Sumeet Nagar (E): info@adroitcorporate.com Mr. Sridhar Balakrishnan Mr. Aseem Dhru Mr. Sanjiv Kakkar (appointed w.e.f. 6th May 2025) Ms. Manjaree Chowdhary (appointed w.e.f. 2nd August 2025) CHIEF FINANCIAL OFFICER : Mr. Vineet Poddar (ceased w.e.f. 30th June 2026) COMPANY SECRETARY : Mr. Abhijaat Sinha (appointed w.e.f. 17th June 2026) Mr. Rameez Shaikh (ceased w.e.f. 17th April 2026) FINANCIAL HIGHLIGHTS (Consolidated) ` in Crores PARTICULARS 2025-26 2024-25 2023-24 2022-23 2021-22 A. Statement of Profit and Loss Revenue from Operations 2,047.02 1,771.58 1,550.42 1,211.98 705.17 Other Income 24.79 28.47 13.88 9.46 7.98 Total Income 2,071.81 1,800.05 1,564.30 1,221.44 713.16 Earnings Before Interest, Tax, 295.57 253.47 291.41 206.32 63.21 Depreciation and Amortisation (EBITDA) Finance Cost 8.61 8.84 9.50 7.97 4.92 Depreciation and Amortisation 70.62 59.06 51.79 33.31 19.89 expenses Profit/(Loss) Before Exceptional and 216.34 185.57 230.12 165.04 38.39 Extraordinary Items Exceptional and Extraordinary Items - - - - (9.28) Profit/(Loss) Before Tax 216.34 185.57 230.12 165.04 29.11 Tax Expense 48.58 42.77 54.31 39.95 6.75 Profit/(Loss) After Tax 167.76 142.80 175.81 125.09 22.37 Dividend 19.60 14.66 13.27 8.30 1.79 Dividend % 200.00 150.00 200.00 175.00 40.00 B. Balance Sheet Share Capital 9.80 9.78 9.75 4.74 4.48 Reserves & Surplus 1,104.87 943.71 813.72 420.98 296.51 Loan Funds - 19.80 41.57 60.09 11.02 Total Capital Employed 1,114.67 973.29 865.04 485.81 312.01 Fixed Assets 296.19 274.50 141.19 107.39 73.53 Investments 13.27 3.19 149.00 - - Cash and other bank balances 270.00 227.42 218.35 86.47 59.25 Net Assets (Current and Non- 535.21 468.18 356.50 291.95 179.24 Current) Total Assets Employed 1,114.67 973.29 865.04 485.81 312.01 NOTICE DIRECTOR’S REPORT STANDALONE FINANCIAL CONSOLIDATED FINANCIAL AND ANNEXURES STATEMENTS STATEMENTS SAFARI INDUSTRIES (INDIA) LIMITED Registered office: 302-303, A Wing, The Qube, CTS No. 1498, A/2, Marol, Andheri (East), Mumbai - 400059; (T): 022-40381888; CIN: L25200MH1980PLC022812; (E): investor@safari.in | (W): www.safaribags.com NOTICE applicable provisions, if any (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and on recommendation NOTICE is hereby given that the 46th Annual General of Nomination, Remuneration and Compensation Meeting of the Members of Safari Industries (India) Limited Committee and Board of Directors of the Company, (“Company”) will be held on Tuesday, 4th August 2026 Mr. Sridhar Balakrishnan (DIN: 08699523) who at 3:30 pm (IST) through Video Conferencing (“VC”)/ was appointed as a Non-Executive, Independent Other Audio Visual Means (“OAVM”) to transact the Director till 9th August 2026 and being eligible following businesses: for re-appointment and meets the criteria for independence as provided under Section 149(6) of ORDINARY BUSINESS: the Act and Rules made thereunder and Regulation 1. To receive, consider and adopt: 16(1)(b) of the Listing Regulations and in respect of whom the Company has received a notice in a. the Audited Standalone Financial Statements writing under Section 160 of the Act from a Member of the Company for the financial year ended proposing his candidature for office of Director, 31st March 2026, the reports of the Board of be and is hereby re-appointed as a Non-Executive, Directors and Auditors thereon; and Independent Director of the Company, not liable to retire by rotation, for a second term of 5 (five) b. the Audited Consolidated Financial Statements consecutive years with effect from 10th August 2026 of the Company for the financial year to 9th August 2031. ended 31st March 2026 and report of the Auditors thereon. RESOLVED FURTHER THAT any Director, Chief Financial Officer and/or the Company Secretary of 2. To declare final dividend of ` 2/- (100%) per equity the Company, be and are hereby authorised severally share for the financial year ended 31st March 2026. to do all such acts, deeds, matters and things as may be considered necessary or des [Showing first 8,000 characters — download PDF for full document]