Escorts Kubota Limited has announced that its Board of Directors has reviewed and approved modifications to the company’s Policy for Determination of Materiality of Events/Information. The revision authorizes Mr. Akira Kato, Deputy Managing Director, to determine the materiality of events and disclose them to stock exchanges. This change was effective as of November 4, 2025.
Materiality Policy Update
The Board of Directors of Escorts Kubota Limited has approved revisions to its policy regarding the determination of materiality for events and information disclosures. The decision was made during a board meeting held on November 4, 2025.
Key Personnel Authorized
Following the policy revision, Mr. Akira Kato, the Whole-Time Director designated as Deputy Managing Director, is now authorized to determine the materiality of events or information and to disclose this information to the relevant stock exchanges. This authorization replaces Mr. Seiji Fukuoka, the previous Deputy Managing Director.
Currently, the individuals authorized to determine the materiality of events and information are Mr. Nikhil Nanda (Chairman and Managing Director), Mr. Akira Kato (Deputy Managing Director), and Mr. Bharat Madan (Whole-Time Director and Chief Financial Officer). Contact details for these authorized personnel are available in the revised policy.
Policy Availability
The revised policy is accessible on the company’s website and has been enclosed as Annexure-I. The effective date of this policy is November 4, 2025.
Revised Policy Details
The policy outlines the framework for determining the materiality of events and information that require disclosure to stock exchanges. Materiality is determined on a case-by-case basis, considering specific facts and circumstances. The updated guidelines consider factors such as the potential for discontinuity or alteration of existing information, significant market reactions, and specific events listed in Schedule III. The policy is intended to provide a clear and consistent process for identifying and reporting material information.
In cases of natural calamities or disruptions, the event is deemed to have occurred when the company becomes aware of the information. For matters dependent on discussion, negotiation, or approval, the event is considered to have occurred upon approval by the Board of Directors or shareholders.
The policy underscores the importance of providing timely and accurate information to the market, helping investors make informed decisions.
Source: BSE
