Escorts Kubota Limited has informed the Exchange regarding 'Revision in Policy for Determination of Materiality of Events/ Information'.
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Escorts Kubota's board, at its meeting on November 4, 2025, approved a revision to the company's Policy for Determination of Materiality of Events/Information. The key change is the replacement of Mr. Seiji Fukuoka (erstwhile Deputy Managing Director) with Mr. Akira Kato as an authorized person for determining materiality and disclosing material events to stock exchanges. Now three officials — CMD Nikhil Nanda, DMD Akira Kato, and WTD & CFO Bharat Madan — are jointly authorized under SEBI's LODR Regulation 30(5). The underlying materiality thresholds (2% of turnover, 2% of net worth, 5% of average PAT) and disclosure timelines (30 minutes for board decisions, 12 hours for internal events, 24 hours for external) remain unchanged. The revised policy has been uploaded on the company's website.
This is a routine corporate governance and regulatory compliance update with no direct impact on shareholders or stock price. The change reflects an internal personnel transition in authorized signatories, while the disclosure framework itself remains materially the same.