Escorts Kubota Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 16, 2025
ESCORTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Escorts Kubota Limited has notified the exchanges about its 79th Annual General Meeting (AGM) scheduled for Wednesday, July 16, 2025, at 12:00 noon, to be held via video conferencing. The AGM will consider adoption of audited standalone and consolidated financial statements for FY25, along with confirmation of an interim dividend of ₹10 per share and declaration of a final dividend of ₹18 per share (180% on face value of ₹10), making the total FY25 dividend ₹28 per share. Other items include re-appointment of Mr. Bharat Madan and Ms. Nitasha Nanda (directors retiring by rotation), re-appointment of Mr. Harish Salve as Independent Director for 5 years, ratification of cost auditors' remuneration (₹9 lakh), appointment of new secretarial auditors for 5 years, and approval of material related party transactions with Kubota Corporation (holding company) up to ₹1,250 crores for FY26. Remote e-voting opens July 13 and closes July 15, 2025, with the record date for dividend eligibility set as July 4, 2025.
Routine AGM notice with no negative news; the proposed total dividend of ₹28 per share (combined interim + final) signals healthy FY25 earnings and shareholder returns. The proposed ₹1,250 crore related-party transaction cap with parent Kubota Corporation requires shareholder approval and reflects ongoing operational dependence on the Japanese partner. Shareholders should review and vote on these resolutions, particularly the dividend declaration and the RPT limit, before the July 9, 2025 cut-off date.