Press Release

5th November 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Bandra Kurla Dalal Street, Mumbai - 400001 Complex, Bandra (East), Mumbai - 400051 Scrip Code: 523025 Scrip Symbol: SAFARI Sub: Press Release Dear Sir/ Madam, Enclosed herewith is the Press Release issued on 5th November, 2026. The aforesaid disclosure will also be uploaded on the website of the Company at www.safaribags.com. You are requested to kindly take the same on record. 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, M V Road, Marol, Andheri (E), Mumbai - 400059, Maharashtra, India Tel: 022 4038 1888 | CIN: L25200MH1980PLC022812 | Email id: corporate@safari.in | Website: www.safaribags.com PRESS RELEASE Safari Industries’ Q2FY27 total revenue rises by 9.1% to ₹582.22 crore Board approves capital expenditure for capacity expansion Declares an Interim Dividend of Rs. 2/- (100%) per equity share of Rs. 2/- Financial and opera(cid:415)onal highlights: Q2FY27  Total Revenue rose by 9.1% to ₹582.22 crore as against ₹533.55 crore in Q2FY26  PAT stood at ₹36.93 crore H1FY27  Total Revenue rose by 10.31% to ₹1170.80 crore as against ₹1061.38 crore in H1FY26  PAT stood at ₹84.68 crore Business highlights:  Safari Industries has entered into a 20-year brand licensing agreement with Carlton Retail Pvt. Ltd.  Company has appointed Saif Ali Khan as Brand Ambassador for Magnum by Safari Mumbai, November 05, 2026: Safari Industries (India) Limited, India’s largest luggage manufacturer, con(cid:415)nued to build on its growth trajectory in the quarter ended September 30, 2026 by registering a strong growth. Total revenues of the company grew by 9.1% to ₹582.22 crore in Q2FY27 as against ₹533.55 crore in Q2FY26. The company clocked a profit a(cid:332)er tax (PAT) of ₹36.93 crore in Q2FY27. In H1FY27, the total revenues increased by 10.31% to ₹1170.80 crore in comparison to ₹1061.38 crore in H1FY26 while PAT stood at ₹84.68 crore. The Board of Directors have declared an Interim Dividend of Rs. 2/- (100%) per equity share of Rs. 2/- . The aforesaid Interim Dividend will be paid on or before December 5, 2026. Capacity expansion to drive the next growth chapter Building on its robust financial and opera(cid:415)onal performance, Safari Industries is strengthening the founda(cid:415)ons for its next phase of growth through a strategic investment to further expand capaci(cid:415)es at its manufacturing facili(cid:415)es in Halol and Jaipur. In today’s mee(cid:415)ng, the Board of Safari Industries has approved capital expenditure of upto ₹170 crore for the Company and upto ₹60 crore for its wholly owned subsidiary - Safari Manufacturing Limited, towards improvement of infrastructure, land acquisi(cid:415)on for new warehouse and installa(cid:415)on of plant & machinery. Once the capacity expansion is completed, the combined produc(cid:415)on capacity from all units will rise to approximately 18 lacs pieces per month. This will be instrumental in leading the premiumisa(cid:415)on drive of Safari Industries and support its long- term growth ambi(cid:415)ons. This also reflects Safari's commitment to strengthening India's domes(cid:415)c manufacturing capabili(cid:415)es in line with the Hon'ble Prime Minister Shri Narendra Modi’s vision of Viksit Bharat. Mr. Sudhir Ja(cid:415)a, Chairman & Managing Director of Safari Industries (India) Limited, said: “The industry has gone through an advancement wherein today, luggage has evolved beyond its func(cid:415)onal necessity to being an extension of the traveller’s lifestyle. Our strategy is to build on Safari's scale while sharpening our compe(cid:415)(cid:415)ve edge through differen(cid:415)ated brands that has an appeal for all consumers right from value-driven to premium segments. We are building a business that can grow not just larger, but stronger and more valuable over the long term. We are inves(cid:415)ng today to build the capabili(cid:415)es that will define our next phase of growth.” Premiumisa(cid:415)on is central to this strategy, with Safari's mul(cid:415)-brand por(cid:414)olio spanning Safari, Urban Jungle, Safari Select and Carlton serving diverse consumer segments, price points and travel needs. By strengthening each brand's proposi(cid:415)on and inves(cid:415)ng in product innova(cid:415)on and differen(cid:415)a(cid:415)on, the company aims to capture evolving consumer preferences, improve product mix and create greater value across its por(cid:414)olio. The capacity expansion will help Safari Industries to respond to emerging market opportuni(cid:415)es as the company aims to strengthen its compe(cid:415)(cid:415)ve posi(cid:415)on and create a sustainable pla(cid:414)orm for long-term growth, while contribu(cid:415)ng to India's broader manufacturing ambi(cid:415)ons. About Safari Industries (India) Limited Established in 1974, Safari Industries (India) Limited is India’s largest luggage and travel accessories manufacturer, with a legacy spanning over five decades. Headquartered in Mumbai, the company has manufacturing facili(cid:415)es across Gujarat and Rajasthan. Today, Safari has evolved into a mul(cid:415)-brand business with a diverse por(cid:414)olio comprising Safari, Magnum, Urban Jungle, Genius, Genie, Safari Select, Volt and Carlton. The products have an appeal for customers across different segments, from those looking for value to the ones seeking premium offerings. Reinforcing its market leadership, Safari was recognised as ‘No. 1 Luggage Brand in India’ in revenue terms for the third successive year (Source: Euromonitor Interna(cid:415)onal Limited; Personal Accessories 2026 ed; Luggage category; GBN; all retail channels, value RSP terms; 2025 data). Safari Industries is focused on por(cid:414)olio expansion, innova(cid:415)on and scaling domes(cid:415)c manufacturing thereby further strengthening its posi(cid:415)on in India's evolving travel and lifestyle market. ****