Copy of Newspaper Publication

Date: 05th August 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 Sub.: Intimation regarding publication of unaudited financial results for the quarter ended June 30, 2026 Ref: Regulation 47 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir, Pursuant to Regulation 47 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith are copies of newspaper advertisement published on Wednesday, 5th August 2026 in Business Standard (English) and Sakal (Marathi) regarding Unaudited Financial Results for the quarter ended 30th June 2026. The aforesaid disclosure will also be disclosed on the website of the Company at www.safaribags.com. You are requested to kindly take the same on record. Yours faithfully, For Safari Industries (India) Limited Abhijaat Sinha Company Secretary & Legal Head 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 ‘1991 marked a ourdollarearningsbyanywhere between$30billionand$50billion.Iam “ gladthatModihasrediscoveredthe paradigm shift in It’sremarkablethat(Manmohan) valueofwhattheSinghgovernmentdid in2013,whenRaghuramRajanwasthe Singhgotattackedin1991bothfrom ReserveBankofIndiagovernor,by theLeftandtheRight,butthedesign introducingForeignCurrency Non-Resident(Bank)accounts. industrial, fiscal thatheputinplace“hasstoodthetest BetweennowandSeptemberthey oftimefor35years arehopingtomobilise$50billion.ButI thinkthat’sonlyaband-aid.Thereal issueisyouhavetogetprivate and trade policy’ investmenttosomewherebetween,35to 36percentoftheGDP.Itishovering about30-31percent. Now,whyisthatnothappening? Well,Iwouldsaydemandisnot sufficientenoughbecauserealwages havestagnatedoverthepastdecade.I years of forstateassemblyelections,andin1995, thinktheIndianmarkethasgotsharply wewerelookingatthe1996LokSabha cleavedbecauseinequalitieshavegone liberalisati n elections.So,Iwouldn’tcalltheBudgets up.Themassmarkethasnotincreased, ofthoseyearsrevolutionary. butnichemarketshave,andinvestors It’sremarkablethatSinghgot willinvestwhentheyseeanuptickinthe attackedin1991bothfromtheleftand massmarket.Asyouknow,Singhwas theright,butthedesignthatheputin veryfondofquotingJohnMaynard placehasstoodthetestoftimefor35 Keynes,thatinvestmentisasmucha years.Thereisthisfamousinterview psychologicaldecisionasafinancial thatKNRaj,theguruofIndian one.Now,thequestionthatPMModihas economics,gaveFrontlinemagazinein toaskiswhetherthepsychological >FROMPAGE1 August1991,whereheagreedwith factorisconduciveforinvestment. Singh’sassessmentandsaiditshould Paradoxically,Ithink,inthepast10 besupported. years,whileyouhadthegoodsand Areyousuggestingthatthereare Fromtheright,Vajpayeewas servicestax(GST),digitalisationandso someparallelstothesituationtoday? attackinghimbutwithasmile.Vajpayee on,thepoweroftaxauthoritiesand n No,becausein1991,itwasacrisisof toldSinghlaterandaskedhimnottofeel JairamRameshhadaringsideviewofthereformsin1991asanofficeronspecialdutyinthePMO photo:reuters investigativeagencieshasincreased unprecedentedproportions.Manmohan toobadaboutthepoliticalattacks. manifold.Thisisnottojustifycorporate Singhwasveryadamant,andveryclear SinghandRaohadatleasttwo economicaffairssecretarysohe hadalreadyannouncedit.So,hetoldRao, basedonpublicinvestment,hashadto malfeasance.ButIwouldsaythe thatIndiawouldnotdefault. meetingswithleadersoftheopposition basicallykneweverythinginfinance.In it’salreadybeendone.Thatwashilarious. dependonthesamepublicinvestment extraordinarypowersgiventothetax parties;Singhreachedouttotrade commerce,hedependedentirelyonP Infact,1991showedtomethevalue togivehimthegrowthratethatheis authorities,thefeelingofuncertainty, SomepeoplehavearguedthatIndia unions,tointellectuals.Atthattimethe ChidambaramandMontek.Andon notonlyofformalinstitutional claimingcreditfor. thefeelingofintimidation…Thereisa didnotadequatelyfocuson dominantintellectualecosystemwas industry,therewasRakeshandthere relationshipsbuttheinformalonestoo. Now,Idon’twanttogetintothe growingsenseinIndianbusinessthat manufacturingthen. thatoftheLeft. wasVerma,whohadbeenindustry SinghandRangarajan,Singhand debateontheveracityofeconomic therearecertainareasinwhichthereare n That’sabsolutelynottrue,because Inanalysingthesuccessofthe1991 secretary,andhemovedoveras Montek,SinghandChidambaram… growthdata.Thatisaseparateissue.But oligopoliestoanextentthatwas theentirelicencingsystemwas reforms,it’snotjustthe‘what’,butthe principalsecretarytothePM.These Chidambaramwasgivencommerceat it’sinexplicabletomethatyoucangrow unimaginable20or35yearsago.One abolished.Entrepreneurswerefreeto ‘who’isveryimportant.NeitherRaonor werepeoplewhoknewthosemeasures thattime. at7percentwiththeseratesofprivate thingthatwasdonein1991wasto investwherevertheywantedto,locate Singhwasahardcoresocialist.They foralmostfourtofiveyearsandhad Therewasateam,therewas investment.Thecentralchallengein abolishtheMonopoliesandRestrictive wherevertheywantedto.Capital camefromthesoftsocialisttradition. discussedit.Itwasnotablackbox.There camaraderie…allofuswereyoung,in 1991wasnothowtostimulateprivate TradePracticesAct,whichaimedto marketsalsogotabigboost. Singhwasnotamarketwallahinthe wasVPSingh’sBudget,thenRajiv our30sand40s,barringSingh. investment,itwashowwegetour controlthegrowthofmonopolypower. Inanycase,theconceptofthe 1970sand1980s.Raocertainlywasnot. GandhicontinuedwithitwhenSingh ManmohanSinghwouldpickupthe foreignexchangeproblemsorted.That Butthephilosophyof1991waswewill governmentinvestingdidn’texistafter Singhwaspragmatic. left.ThenwhenVPSinghbecameprime phoneandtalktopeopleinaspiritof problemistheretodayaswell,butfacing controltheabuseofmonopolypower, 1991.Itisenterprisesandentrepreneurs TherewasaCongressParliamentary ministerandtherewasthe‘M’paper,the freediscussion.Inthefinanceministry, pressureoncapitalinflowswhenyour notgrowth. thathavetoinvest.However,what PartymeetingafterSinghpresentedhis Montekpaper.What’91didwasbringit theSecretarywasSPShukla,whowas forexreservesis$900millionandnow Today,whetheryoulookatports, happenedwasthesoftwareboomjust BudgetonJuly24,1991.Thetwowho alltogetherinthreeparadigms—the notinfavourofthereforms.Chief whenitis$690billionisacompletely airports,orcement,youarebasically tookoverinthe1990s.Bigglobalmajors, supportedhimverystrongly, fiscal,industryandtradeparadigms. EconomicAdvisorDeepakNayyarwas differentballgame. seeingoneortwoplayers[dominate]. softwareusersdiscoveredIndiaasa surprisingly,wereManiShankarAiyar notinfavour,neitherwasForeign Howtostimulateprivateinvestment Finally,youcannotrunfromthe$115 sourceofcompetitive,low-costbut andNathuramMirdha.Theymetfor Whydidthegovernmentopttogoin SecretaryMuchkundDubey.ButSingh hasbecomethesinglemostimportant billiontradedeficitwithChina.Thishas highlyskilledmanpower,andthat’show threedaysandconcludedthatitwas foratwo-stepdevaluation? tookthemalong. elementofanyreformagendatoday.It knockedthebottomout.Nomatterwhat theentireinformationtechnology inevitableandlongoverdue—theyfelt n ManmohanSinghandCRangarajan iscompletelypuzzlingtomethatweare wehavedone,wehavenotbeenableto revolutionhappened. thatRajivGandhiwouldhavedoneit (thethendeputygovernorofRBI)wanted Lookingatthecurrentsituation,what reportingsuchhealthygrowthrates controlimportsfromChina.Now,some hadhecomeback(RajivGandhiwas todoitintwosteps.Theywantedtofirst moredoyouthinkneedstobedone? withsuchlowlevelsofinvestment. importsfromChinaresultinexports— Inyourbookonthe1991reforms,To assassinatedduringtheLokSabha testthemarketandthengoinforthe n Today,thebiggestparadox, Thereisalotofinvestmenttakingplace, suc [Showing first 8,000 characters — download PDF for full document]