The board of directors of Safari Industries India Ltd. has set Tuesday, December 12, 2023, as the record date for determining members’ entitlement to Bonus Equity Shares. The distribution will be made in the ratio of 1:1, meaning that for every one existing fully paid-up equity share of Rs. 2/, there will be one new fully paid-up equity share of Rs. 2/- (Rupees Two) issued. Safari industries India Ltd earlier, shares split 1:5 ratio in sep 22, 2017.
Safari Industries India Ltd Shares Create Positive Moment
With the bonus share issuance, owners will essentially double their present holdings—one share for each share they now own. The board views this action as a show of faith in the company’s financial stability and future potential.
An industry leader in baggage and travel solutions, Safari Industries India Ltd., has continuously shown that it is dedicated to increasing shareholder value. Bonus share issuance is frequently seen as an expression of the company’s optimistic future and gratitude to its investor base for its continued support.
It is expected that the bonus share issue would improve the shares of Safari Industries India Ltd.’s marketability and liquidity. The corporation hopes to open up its stock to a wider pool of investors by raising the number of outstanding shares.
The firm has been making noticeable progress in both its operational performance and market presence at the moment of this shift. The board’s decision to award bonus shares is a concrete demonstration of their belief in the company’s capacity to maintain and accelerate its present growth trajectory.
Some Details About Safari Industries India Ltd
Company recent market cap is ₹ 10,490 Cr., Sudhir Jatia recent Chairman & Managing Director at Safari Industries India Ltd. safari industries a well-known participant in the baggage and travel solutions sector that has made a name for itself by focusing innovation, high standards, and client satisfaction. Since its founding in 1974, Safari has developed into one of India’s top luggage companies, known for its dependability, elegance, and practicality.
The company Safari Industries manufactures and sells luggage as well as accessories for baggage. Hard baggage and soft luggage are the two main types of luggage. Hard baggage is mostly constructed of Polycarbonate and Polypropylene, and it is produced internally by Safari at its plant in Halol, Gujarat. Soft baggage comes in a variety of materials and is primarily imported.
Brands:
The secret to Safari’s success is its wide and varied range of products. The organization provides a range of travel options to meet the changing demands of contemporary tourists. Safari’s product line includes durable luggage as well as fashionable backpacks and accessories to accommodate a wide range of travel tastes and fashions. Safari Industries India Ltd famous brand are safari, Genius, Magnum and Genie.
(Please look about company financial performance below because its very important to identify company strength, future growth prospects etc.)
Please note all value are Rs Crores:
| Particulars | Present Time | Mar ( 2023 ) | Mar ( 2022) |
|---|---|---|---|
| Sales | 1,402 | 1,212 | 705 |
| Expenses | 1,146 | 1,015 | 649 |
| Profit | 162 | 125 | 22 |
| Reserves | 509 | 421 | 297 |
| Borrowings | 131 | 139 | 56 |
| Total Assets | 865 | 747 | 469 |
