Escorts Kubota appoints deputy managing director, schedules investor meeting

Escorts Kubota Limited will host an analyst/institutional investor meeting with Axis Securities via a one-on-one video call on October 6, 2025, from 16:00 to 17:00 IST, confirming no unpublished price sensitive information will be shared. This follows the board's approval on August 4, 2025, for the appointment of Akira Kato as deputy managing director for a five-year term, from August 4, 2025, to August 3, 2030, which now requires member approval via postal ballot.

The postal ballot notice, dated August 4, 2025, seeks approval for Mr. Kato's appointment as an ordinary resolution and his remuneration as a special resolution. The e-voting period for members will run from October 1, 2025, to October 30, 2025, with results expected on or before November 3, 2025. The cut-off date for determining eligible voters is September 26, 2025.

Mr. Kato, 51, holds a Bachelor's in Economics from the University of Osaka, Japan, and brings 29 years of experience in various senior managerial roles within Kubota Corporation. His proposed basic salary ranges from INR 400,000 to INR 833,000 per month, with perquisites, allowances, and other benefits up to 300% of his basic salary and performance-linked incentives up to 100% of his annual basic salary. His appointment is deemed beneficial given his diverse experience and successful leadership in agricultural machinery.