With reference to our earlier communication on 18th November 2021, Escorts Limited (“Escorts” or “Company”) has received requisite approvals for the name change of the Company from “Escorts Limited” to “Escorts Kubota Limited”, with effect from June 9, 2022.

Escorts and Kubota Corporation, Japan (“Kubota”) had chosen to strengthen their relationship in order to achieve their shared goal of global leadership in farm mechanisation and agricultural prosperity. Kubota has increased its equity stake in Escorts to 44.8 percent by subscribing to new equity shares and making an open offer to Escorts’ public shareholders, as well as becoming a joint promoter of the company with existing promoters, the Nanda family, whose shareholding in the company has remained unchanged, and Mr. Nikhil Nanda remains Chairman and Managing Director (CMD).

“Our relationship with Kubota in Escorts Kubota Limited has been appreciated by all our stakeholders and investors,” says Nikhil Nanda, CMD of Escorts Kubota Limited. As a result, the procedure went off without a hitch. We are now in a unique position in world history to make far larger contributions to India’s and the world’s search for food security, sustainable agriculture, and smart agriculture.

“We are very delighted to work with Escorts Kubota Limited at a time when we can combine our strengths to create modern farm mechanisation solutions to solve global food security and enhanced agricultural production needs,” stated Yuichi Kitao, President and Representative Director, Kubota, Japan. 

For further information, please contact Bharat Madan President Finance, 

Group CFO and Corporate Head Escorts Kubota Limited (formerly Escorts Limited) Email ID: bharat.madan@escorts.co.in