The Board of Escorts Kubota Limited, in its meeting on February 10, 2026, approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. Key outcomes include the declaration of a substantial Special Dividend of ₹18/- (180%) per share, with a Record Date of February 16, 2026. Additionally, the Board appointed two new Non-Executive Nominee Directors from Kubota Corporation.
Key Outcomes of February 10, 2026 Board Meeting
The Board of Directors of Escorts Kubota Limited convened on February 10, 2026, and made several critical decisions affecting the company’s financial status and governance structure, pursuant to regulatory requirements.
Financial Results and Special Dividend
The Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. The results were accompanied by the Limited Review Report from the Statutory Auditors (detailed in Annexure-I).
Most notably, the Board declared a Special Dividend of ₹18/- (180%) per fully paid-up equity share of ₹10/- each for the Financial Year 2025-26. The stipulated Record Date for this payment is Monday, February 16, 2026, and the dividend will be disbursed within 30 days.
Appointment of Additional Directors
Based on the recommendation of the Nomination, Remuneration and Compensation Committee, the Board approved the appointment of two new members:
- Mr. Hitoshi Sasaki (DIN: 11464326)
- Mr. Satoshi Suzuki (DIN: 06527098)
Both individuals are nominees of Kubota Corporation and have been appointed as Additional Directors (Non-Executive Nominee Directors). Their appointment is effective from February 10, 2026, and they will hold office until the ensuing Annual General Meeting or three months, whichever is earlier. Profiles show both directors have extensive, decades-long experience within Kubota Corporation across key functions like strategic planning, operations, and business development.
Greenfield Project and Capital Expenditure
The Board also provided consent to invest company funds, in phases, for the purchase/acquisition of land in YEIDA (Uttar Pradesh) to establish a new Greenfield Project aimed at enhancing production capacity for tractors and construction equipment.
Specific details regarding this strategic investment (detailed in Annexure-III) include:
- The immediate plan is to acquire approximately 154 acres of land.
- The first phase involves capacity enhancement for 60,000 units per annum (Tractors) and 15,000 units per annum (Construction Equipment).
- The initial investment required for land costs is estimated up to ₹593 Crores.
- The total indicative outlay of the Detailed Project Report (DPR) is ₹2,268 Crores.
- Funding will primarily come from proceeds of the earlier preferential issue of shares to Kubota Corporation and internal accruals.
The Board Meeting commenced at 12:00 Noon and concluded at 02:45 PM on the same day.
Key Financial Performance Snapshot (Standalone, Nine Months Ended Dec 31, 2025)
The standalone results highlighted significant figures:
- Total Income: ₹8,965.06 Crores (compared to ₹8,083.43 Crores in the corresponding previous year nine months).
- Profit Before Tax from Continuing Operations: ₹1,395.22 Crores.
- Net Profit for the Period (Total): ₹2,083.77 Crores.
Segment results showed strong contributions, with Agri machinery products being the primary revenue driver, contributing ₹7,383.90 Crores to net segment revenue for the nine months ended December 31, 2025.
Source: BSE
