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At meeting held on 23 February 2021The Board of Safari Industries (India) at its meeting held on 23 February 2021 has approved the issue of 13,15,790 Compulsorily Convertible Debentures (CCDs) of Rs. 570 each
aggregating to Rs. 75 crore convertible in 13,15,790 equity shares of Rs. 2 each at a price of Rs. 570 per share
inclusive of premium of Rs. 568 per share) on preferential basis to Investcorp Private
Equity Fund II (Investor), subject to shareholders approval. Post conversion of CCDs into
equity shares, the shareholding of the Investor will be 13,15,790 equity shares representing
5.55% of the paid up share capital.
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