The Board of Escorts Kubota Limited approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. A Special Dividend of ₹18/- (180%) per share was declared, with a record date of February 16, 2026. Furthermore, the Board appointed two new Additional Directors, Mr. Hitoshi Sasaki and Mr. Satoshi Suzuki, both nominees of Kubota Corporation.
Board Meeting Outcomes on February 10, 2026
At the Board Meeting held on February 10, 2026, Escorts Kubota Limited approved several key resolutions:
- The Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025, along with the Limited Review Report.
- The declaration of a Special Dividend of ₹18/- (180%) per fully paid-up equity share of ₹10/- each, for Financial Year 2025-26. The Record Date for this dividend is set for Monday, February 16, 2026, with payment within 30 days.
Appointment of Additional Directors
Based on the recommendations of the Nomination, Remuneration and Compensation Committee, the Board appointed:
- Mr. Hitoshi Sasaki (DIN: 11464326) as an Additional Director (Non-Executive Nominee Director).
- Mr. Satoshi Suzuki (DIN: 06527098) as an Additional Director (Non-Executive Nominee Director).
Both appointments are effective February 10, 2026, and they will hold office until the ensuing Annual General Meeting or three months, whichever is earlier. Shareholders’ approval is sought for these appointments.
Brief Profile of New Directors
Mr. Sasaki, with 35 years at Kubota Corporation, currently serves as Managing Executive Officer and Chief Business Planning Officer. Mr. Suzuki, with 32 years at Kubota, is working as Managing Executive Officer and General Manager of the Farm & Groundcare Equipment Division.
Greenfield Project Land Acquisition Approval
The Board consented to invest funds, in phases, to acquire approximately 154 acres of land in the YEIDA Industrial area (Sector-10, Gautam Buddha Nagar, Uttar Pradesh) for establishing a new Greenfield Project.
This project aims to enhance production capacity for tractors, construction equipment, and other products. The initial phase utilization is planned for capacity enhancement of 60,000 tractor units per annum and 15,000 construction equipment units per annum, to be added within 7 years from land allotment. The estimated initial investment required for land acquisition and development costs is Upto approx. ₹593 Crores, though the Detailed Project Report (DPR) indicates an indicative outlay of ₹2,268 Crores.
Financial Highlights (Standalone Summary)
The following figures highlight the financial performance for the nine months ended December 31, 2025 (in ₹ Crores):
- Total Income: ₹8,965.06 Crores (compared to ₹8,083.43 Crores in the corresponding previous period).
- Net Profit from Continuing Operations: ₹1,056.14 Crores.
- Total Comprehensive Income: ₹2,085.35 Crores.
The nine months saw an incremental expense of ₹52.46 crore recognized as an exceptional item related to employee costs due to the new labor code implementation. Separately, the company recognized a gain of ₹75.99 crore on the sale of land and buildings to Sona BLW Precision Forgings Limited during the quarter ended June 30, 2025.
Financial Highlights (Consolidated Summary)
For the nine months ended December 31, 2025 (in ₹ Crores):
- Total Revenue: ₹8,572.10 Crores (compared to ₹7,799.00 Crores previously).
- Net Profit from Continuing Operations: ₹1,383.14 Crores.
- Total Comprehensive Income: ₹2,586.19 Crores.
The consolidated results reflect contributions from subsidiaries, one associate, and one joint venture, with management reliance on review reports from other auditors for some entities.
The Board Meeting commenced at 12:00 Noon and concluded at 02:45 PM on February 10, 2026.
Source: BSE
