Safari Industries India Ltd. has informed that the Board of Directors of the company at its meeting held on May 16, 2016, recommended dividend of INR 1.20 (12%) per equity shares of INR 10 each for the fiscal 2016. The proposed dividend is subject to the approval of the members of the company at the ensuing annual general meeting. The dividend, if approved by the members of the company, will be paid on or before August 22, 2016.

The company approved the appointment of Rahul Kanodia as an Additional Director - Non Executive and Independent Director of the company and Vineet Poddar as Chief Financial Officer of the company with effect from May 17, 2016 in place of Virendra Gandhi.