Escorts Kubota Limited’s Board of Directors convened on August 3, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The Board also approved the formation of a Special Purpose Vehicle (SPV) for solar power generation and announced key personnel changes, including the appointment of Mr. Vicky Chauhan as Company Secretary and Compliance Officer and the approval of M/s. S.R. Batliboi & Co. LLP as new Statutory Auditors.
Financial Results for Q2 2026 Approved
The Board of Directors of Escorts Kubota Limited met on August 3, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. These results, along with the Limited Review Report from the Statutory Auditors, have been formally submitted.
Strategic Initiatives and Investments
In a strategic move, the company approved the formation of a Special Purpose Vehicle (SPV) structured as a Private Limited Company. This SPV will focus on solar power generation primarily for the company’s captive power consumption. The overall capital commitment for this venture is not to exceed INR 3.80 Crore, adhering to state regulatory norms for minimum capital commitment.
Key Personnel Appointments
Following the recommendation of the Nomination, Remuneration and Compensation Committee, the Board approved the appointment of Mr. Vicky Chauhan as the Company Secretary and Compliance Officer, effective August 18, 2026. He will succeed Mr. Arvind Kumar, whose resignation is effective from August 17, 2026.
Statutory Auditors Appointed
The Audit Committee’s recommendation was accepted by the Board, leading to the approval of M/s. S.R. Batliboi & Co. LLP as the Company’s Statutory Auditors. This appointment is subject to shareholder approval at the 81st Annual General Meeting in 2027 and will be for a term of five years, concluding with the 86th Annual General Meeting.
Meeting Details
The Board meeting commenced at 12:00 Noon and concluded at 02:00 PM on August 3, 2026.
Source: BSE
