Escorts Kubota Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Escorts Kubota filed a quarterly compliance statement under SEBI Regulation 32 for the quarter ended June 30, 2025, confirming there is no deviation or variation in the use of proceeds from its preferential issue. The company had raised Rs. 1,872.745 crores on February 18, 2022, with net proceeds of Rs. 1,855.306 crores after deducting Rs. 17.44 crores in issue expenses. The stated purpose remains the expansion of its agri-machinery business, covering tractors, combine harvesters, rice transplanters, utility vehicles, construction machinery, engines, implements, transmissions, and related spare parts. During the quarter, Rs. 185.861 crores was utilized in line with the original objects. The Audit Committee reviewed the statement and raised no comments.
This is a routine SEBI compliance disclosure with no negative implications — it signals disciplined and transparent deployment of the capital raised in 2022. No material impact on the stock price is expected; it merely reassures investors that the preferential issue funds continue to be used as originally promised.