Escorts Kubota Limited has announced the approval of its unaudited financial results for the quarter ended June 30, 2026. The company’s board also greenlit the formation of a Special Purpose Vehicle (SPV) for captive solar power generation, involving a capital commitment of up to ₹3.80 Crore. Key personnel changes were also confirmed, including the appointment of a new Company Secretary and Compliance Officer.
Financial Results and Strategic Initiatives Approved
Escorts Kubota Limited has officially approved its unaudited financial results, both standalone and consolidated, for the quarter that concluded on June 30, 2026. The accompanying Limited Review Report from the Statutory Auditors has also been accepted.
Formation of Solar Power SPV
In a strategic move towards renewable energy, the Board of Directors has approved the establishment of a Special Purpose Vehicle (SPV). This SPV will be incorporated as a Private Limited Company with the primary objective of solar power generation, intended for the company’s captive power consumption. The overall capital commitment for this initiative is set at a maximum of ₹3.80 Crore, to be made in one or more tranches. This commitment will adhere to the state regulatory norm requiring a minimum capital commitment of 26% of the SPV’s paid-up capital.
Key Personnel Changes
Following the recommendation of the Nomination, Remuneration and Compensation Committee, the Board has approved the appointment of Mr. Vicky Chauhan as the new Company Secretary and Compliance Officer. This appointment will be effective from August 18, 2026, succeeding Mr. Arvind Kumar, whose resignation from the position is effective from the closing business hours of August 17, 2026. The Board has also noted Mr. Kumar’s resignation.
Auditor Appointment
The Audit Committee’s recommendation for the appointment of M/s. S.R. Batliboi & Co. LLP as the Statutory Auditors of the Company has been approved by the Board. This appointment is subject to the approval of the Members at the upcoming 81st Annual General Meeting in 2027, and the term will extend for five years, concluding at the 86th Annual General Meeting.
Source: BSE
