Escorts Kubota to appoint new deputy managing director

Escorts Kubota Limited announced a postal ballot to seek shareholder approval for the appointment of Akira Kato as deputy managing director for a five-year term, effective August 4, 2025, through August 3, 2030. Kato will serve as a whole-time director. The board of directors and the nomination, remuneration and compensation committee (NRC) recommended his appointment due to his extensive experience, including leading Kubota Agricultural Machinery (India) Private Limited.

Shareholders will also vote on Kato's remuneration, which includes a basic salary not exceeding INR 4,00,000 per month, with annual increments, within a scale of INR 4,00,000 to INR 8,33,000 per month. Perquisites, allowances, and other benefits will be capped at 300% of the basic salary, and a performance-linked incentive will be up to 100% of the annual basic salary. Kato will not receive sitting fees for board or committee meetings.

The e-voting period commences on Wednesday, October 1, 2025, at 09:00 AM IST and concludes on Thursday, October 30, 2025, at 05:00 PM IST. Only members holding equity shares as of the cut-off date, September 26, 2025, are eligible to cast their votes. Results are expected to be declared on or before November 3, 2025.