Escorts Kubota Limited , a prominent player in the agricultural machinery sector, has announced a significant change in its board composition. Dai Watanabe has stepped down from his role as Non-Executive-Nominee Director, effective October 31, 2025. This development comes as Kubota Corporation, the holding company of Escorts Kubota, withdraws Watanabe's nomination.

Resignation Details

Watanabe cited pre-occupation with other professional assignments as the primary reason for his departure. In his resignation letter, he stated, "I hereby tender my resignation from the position of Non-Executive Director of the Company with immediate effect i.e. from October 31, 2025, due to my pre-occupation in other professional assignments."

The resignation not only marks Watanabe's exit from the board but also terminates his membership in the company's Nomination, Remuneration and Compensation Committee.

Corporate Governance Implications

This change in the board's composition could have potential implications for Escorts Kubota's corporate governance structure. The table below summarizes the key details of Watanabe's resignation:

Company's Response

Escorts Kubota Limited has promptly informed the stock exchanges about this development, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's disclosure demonstrates its commitment to transparency in corporate affairs.

Arvind Kumar, Company Secretary of Escorts Kubota Limited, confirmed the resignation in a formal communication to the BSE Limited and National Stock Exchange of India Limited.

Conclusion

Watanabe's departure marks a change in Escorts Kubota's board composition. The company has not announced any immediate plans for his replacement. Stakeholders will likely be observing how this change might influence the company's strategic direction and governance in the coming months.

Escorts Kubota Limited has announced that its shareholders have approved two key resolutions through a postal ballot voting process. The resolutions pertain to the appointment and remuneration of Mr. Akira Kato as the company's new Deputy Managing Director.

Appointment and Remuneration Approval

The shareholders of Escorts Kubota Limited have passed two resolutions:

1. Appointment of Mr. Akira Kato (DIN-07543672) as Director and Whole Time Director, designated as Deputy Managing Director.
2. Approval of Mr. Kato's remuneration for the role.

Voting Process and Results

The voting was conducted through remote e-voting. Here are the key details of the voting process:

The results of the voting were as follows:

Both resolutions were passed with overwhelming majority, showcasing strong shareholder support for Mr. Kato's appointment and proposed remuneration package.

Scrutinizer's Confirmation

The voting process was overseen by scrutinizer Neelam Gupta, a Practicing Company Secretary. Ms. Gupta confirmed that the results were valid and the resolutions passed with the requisite majority.

Corporate Disclosure

In compliance with regulatory requirements, Escorts Kubota Limited has made the necessary disclosures to the stock exchanges.

This appointment comes as part of Escorts Kubota's ongoing corporate governance initiatives. The strong shareholder support for Mr. Kato's appointment may indicate confidence in the company's leadership choices and future direction.