Escorts Kubota Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the financial year 2024-25'.
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Awaiting price reaction for this filing.
Escorts Kubota Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, assured by Grant Thornton Bharat LLP on a reasonable basis. The company reported a turnover of about Rs 11,099.75 crore and a net worth of Rs 10,147.30 crore, with agri machinery contributing 76.10%, construction equipment 15.59%, and railway components 8.22% to revenue. Two structural changes were highlighted: the merger of two group entities (Escorts Kubota India Pvt Ltd and Kubota Agricultural Machinery India Pvt Ltd) into EKL effective April 1, 2023, and the board's October 2024 approval to sell the Railway Equipment Division on a slump sale basis. ESG targets include carbon neutrality by 2050, 25% CO2 emission reduction by 2030, water positivity by 2030, zero landfill by 2027, and raising female workforce share to 9% by FY 2026 (already at 7.95%). The report also disclosed several GST, customs, and excise penalties paid during the year, plus 1,502 shareholder complaints and over 1.39 lakh customer complaints.
This is a routine compliance filing under SEBI's BRSR framework and is unlikely to move the stock on its own. Investors should note the pending divestment of the railway equipment business and the rising regulatory penalty exposure as items worth tracking.