Escorts Kubota Limited has informed the Exchange regarding Notice of Postal Ballot.
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On the reaction day the stock moved 1.5 pts less than Nifty Midcap 150 and 0.5 pts less than its Agricultural Commercial & Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Escorts Kubota Limited has issued a Postal Ballot Notice seeking shareholder approval for two resolutions. The first is the appointment of Mr. Akira Kato (DIN: 07543672) as Whole-time Director designated as Deputy Managing Director for a 5-year term from August 4, 2025 to August 3, 2030. Mr. Kato, a Japanese national and Kubota Corporation nominee, has nearly 29 years of experience with Kubota and previously led Kubota Agricultural Machinery (India) as Managing Director. The second resolution seeks approval of his remuneration, which includes a basic salary of up to Rs. 4 lakh per month, perquisites up to 300% of basic, and performance incentives up to 100% of basic salary. E-voting runs from October 1 to October 30, 2025, with results expected by November 3, 2025.
This is a routine governance action — formalising the appointment of a parent company (Kubota Corporation) nominee to the board via shareholder vote. It reflects continued alignment between Escorts Kubota and its Japanese parent and is unlikely to materially affect the stock price.