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.

Escorts Kubota Limited , a leading player in the agriculture and construction equipment sector, has announced a significant investment plan for its operations in Haryana. The company intends to invest up to ₹2,000 crore in its existing manufacturing and R&D facilities in the state by 2031.

Investment Details

Strategic Significance

This substantial capital commitment underscores Escorts Kubota's long-term vision and confidence in the growth potential of India's agriculture and construction sectors. The investment is expected to enhance the company's production capabilities, foster innovation through expanded R&D efforts, and potentially create new employment opportunities in the region.

Government Engagement

The investment plan was communicated during a high-level meeting in Osaka, Japan. Key participants included:

• Mr. Nikhil Nanda, Chairman & Managing Director of Escorts Kubota Limited
• Mr. Shingo Hanada, Representative Director and Executive Vice President of Kubota Corporation and Director of Escorts Kubota
• Mr. Nayab Singh Saini, Hon'ble Chief Minister of Haryana, along with other state officials

This meeting, which took place at Kubota Corporation's Plant in Osaka, highlights the strategic importance of the investment and the company's engagement with state authorities to facilitate its expansion plans.

Potential Impact

The substantial investment is likely to:

1. Boost Escorts Kubota's manufacturing capabilities in Haryana
2. Enhance research and development in agricultural and construction equipment
3. Contribute to the economic growth of Haryana
4. Potentially create new job opportunities in the region

As Escorts Kubota moves forward with this significant investment plan, it reaffirms its commitment to the Indian market and its role in advancing the agriculture and construction equipment sectors. The company's expansion strategy aligns with India's focus on modernizing its agricultural practices and infrastructure development.

Investors and industry observers will be keenly watching how this investment unfolds over the coming years and its impact on Escorts Kubota's market position and financial performance.