Escorts Kubota : Re-appointment

July 15, 2022

BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai - 400001	Bandra East, Mumbai - 400051
BSE - 500495	NSE - ESCORTS

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with Para A of Part A of Schedule III to the said Regulation, we wish to inform as under:

• Shareholder of the Company in their Meeting (Annual General Meeting) held on July 14, 2022, has confirmed/approved the appointment/reappointment of following directors: -

S. No.	Name		Designation		Date of
						appointment/ re-
						appointment
1	Mr. Nikhil Nanda		Managing Director		September 19, 2022
2	Mr. Seiji Fukuoka		Whole	Time	Director	May 13, 2022
			designated	as	Deputy
			Managing Director
3	Mr. Shiro Watanabe	Non-Executive Director	May 13, 2022
4	Mr. Kenichiro Toyofuku	Independent Director	May 13, 2022
5	Mr. Vimal Bhandari	Independent Director	July 14, 2022
6	Ms.	Reema	Independent Director	July 14, 2022
	Rameshchandra Nanvati
7	Mr. Yasukazu Kamada	Non-Executive Director	July 14, 2022
8	Mr. Manish Sharma	Independent Director	July 14, 2022

The requisite disclosures, pursuant to the SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, for directors are attached Annexure A.

ESCORTS KUBOTA LIMITED (Formerly Escorts Limited)

Registered Office: 15/5, Mathura Road, Faridabad 121 003, India

Tel.: [phone]

E-mail:[e-mail] Website: www.escortsgroup.com

Corporate Identification Number L74899HR1944PLC039088

1. Shareholder has also approved the reappointment of M/s Walker Chandiok & Co LLP, Chartered Accountants (Firm Registration no 001076N/N500013) as Statutory Auditors of the Company for a period of 5 years from the conclusion of the Annual General Meeting held on July 14, 2022. The Disclosures, pursuant to the SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, are attached as an Annexure B.

This is for your information and records.

Thanking you,

for Escorts Kubota Limited

Satyendra Chauhan

Company Secretary & Compliance Officer

Note: The Equity Shares of the Company were listed on the Delhi Stock Exchange Limited (DSE). However, DSE has been de-recognised and allowed to exit as a stock exchange by SEBI by way of SEBIs Order No. WTM/ SR/ SEBI/ MRD-DSA/ 04/ 01/ 2017 dated 23 January 2017. For avoidance of doubt, the securities of the Company are not listed on DSE owing to DSE having been de-recognised by SEBI.

ESCORTS KUBOTA LIMITED (Formerly Escorts Limited)

Registered Office: 15/5, Mathura Road, Faridabad 121 003, India

Tel.: [phone]

E-mail:[e-mail] Website: www.escortsgroup.com

Corporate Identification Number L74899HR1944PLC039088

Annexure-A

Information as required by Para A of Part A of Schedule III of the SEBI Listing Regulations read with the SEBI Circular no CIR/CFD/CMD/4/2015 dated September 09, 2015 :-

Sr. No		Particulars	Details
1.	Reason	for appointment	Mr. Nikhil Nanda is Managing Director of the Company since 2007 and was re-appointed in 2017 for a
	of Director	period of five years. His current term shall expire on September 19, 2022.
			Accordingly, a proposal has been placed before the Board to re-appoint Mr. Nikhil Nanda as a Managing
			Director of the Company, not liable to retire by rotation for a further period of Five years, with effect
			from September 19, 2022, subject to approval of the shareholders of the Company.
2.	Date of appointment and	September 19, 2022.
	term of appointment
			5 years w.e.f. September 19, 2022, subject to approval of shareholders at the ensuing Annual General
			Meeting. Further, the Appointment have been made in terms of the Provisions of the Companies Act
			2013 and other applicable laws for the time being in force. In addition, he is responsible to undertake
			the roles and responsibilities assigned by the Board from time to time.
3.	Brief	profile of the	Mr. Nikhil Nanda is a third generation entrepreneur and the driving force behind the Group's diversified
	Director	business portfolio. He has played a vital role in monitoring the Company's performance and steering
			the operations to greater heights. His overall contribution spanning more than 15 years has been
			immeasurable, particularly in the areas of operations, finance and senior management functions such
			as strategic planning and investment decisions. Mr. Nanda is an alumnus of Wharton Business School,
			Philadelphia, with majors in Management and Marketing.
4.	Disclosure of relationships	Mr. Nikhil Nanda is brother of Ms. Nitasha Nanda.
	between directors.
5.	Confirmation	It is hereby confirmed that Mr. Nikhil Nanda is not debarred from holding office in the capacity of the
			director by virtue of any SEBI Order or any other authority.

Information as required by Para A of Part A of Schedule III of the SEBI Listing Regulations read with the SEBI Circular no CIR/CFD/CMD/4/2015 dated September 09, 2015:-

Sr. No	Particulars	Details
1.	Reason for appointment of	Pursuant to the Shareholders Agreement (SHA), executed among and between Kubota corporation,
	Director	Company and other parties to the SHA, dated November 18, 2021.
2.	Date of appointment and	May 13, 2022	May 13, 2022
	term of appointment
		5 years w.e.f. May 13, 2022, subject to approval of	Appointed as Director of the Company. Further,
		Central Government. Further, the Appointment have	the Appointment have been made in terms of the
		been made in terms of the Provisions of the	Provisions of the Companies Act 2013 and other
		Companies Act 2013 and other applicable laws for the	applicable laws for the time being in force. In
		time being in force. In addition, he is responsible to	addition, he is responsible to undertake the roles
		undertake the roles and responsibilities assigned by	and responsibilities assigned by the Board from
		the Board from time to time.	time to time.
3.	Brief profile of the Director	Mr. Seiji Fukuoka entered into Kubota Corporation in	Mr. Shiro Watanabe has completed his education
		1993, and has been working for Kubota for almost 30	in March 1988 under bachelor of Department of
		years in various business divisions in Japan. In the	Agriculture, Kobe University. He has joined Kubota
		period 2018- 2021, he was a General Manager of the	Corporation in April 1988 and at present he is
		Tractor Business Administration and Control	holding the position of Executive officer of Kubota
		Department and has been transferred to Escorts Ltd.	Corporation.

4. Disclosure of relationships None between directors.

5.	Confirmation	It is hereby confirmed that Mr. Seiji Fukuoka and Mr. Shiro Watanabe are not debarred from holding office
		in the capacity of the director by virtue of any SEBI Order or any other authority.

Information as required by Para A of Part A of Schedule III of the SEBI Listing Regulations read with the SEBI Circular no CIR/CFD/CMD/4/2015 dated September 09, 2015:-

Sr. No	Particulars			Details
1.	Reason		for	In the event of appointment of two additional directors on the Board of the Company as nominated by Kubota
	appointment	of	Corporation, the number of independent directors on the board of the Company would have fallen below 50%
	Director			of the Board strength. In order to meet the requirement of having minimum 50% independent directors on the
				Board, as per applicable provision and Listing Regulations.
2.	Date of appointment	May 13, 2022	May 13, 2022
	and	term	of
	appointment		Appointed as Independent Director, for a period of	Appointed as Independent Director, for a period of five
				five years effective from May 13, 2022. Further,	years effective from May 13, 2022. Further, the
				the Appointment have been made in terms of the	Appointment have been made in terms of the Provisions
				Provisions of the Companies Act 2013 and other	of the Companies Act 2013 and other applicable laws for
				applicable laws for the time being in force. In	the time being in force. In addition, he is responsible to
				addition, he is responsible to undertake the roles	undertake the roles and responsibilities assigned by the
				and responsibilities assigned by the Board from	Board from time to time.
				time to time.

3. Brief profile of the R. C. Bhargava joined the Indian Administrative Mr. Kenichiro Toyofuku is Bachelor of Arts (BA) in

Director	Service in 1956, on the basis of an All-India	Economics (Environmental Economics), Keio university,
	competitive examination and secured the number	Japan. He has joined METI (Ministry of Economy, Trade &
	one position in India. Mr. Bhargava joined Maruti	Industry) Japan in 1993. He has also joined Embassy of
	Udyog Limited, soon after its incorporation in 1981	Japan in India: First Secretary (Commercial Attaché) in
	as Director (Marketing and Sales). Mr. Bhargava	May 2004, METI: Deputy Director, Asia & Oceania Division
	was appointed as the Managing Director (CEO) in	in August 2008, JETRO in India (Japan External Trade
	1985. He continued on this post till he retired in	Organization), in July 2010, Government of India, Ministry
	1997. He was re-inducted to the Board in 2003	of Commerce & Industry, Department of Industrial Policy
	when the Company was listed. He was appointed	& Promotion: Coordinator, Japan Plus cell in October
	as the non-executive Chairman in 2007, a position	2014, World Bank (India office): Senior Private Sector
	he continues to hold to date.	Specialist, Finance, Competitiveness & Innovation Global
		Practice in October 2017 and Suzuki Motor Corporation
		(SMC) in November 2019.