Escorts Kubota Limited — Board Meeting, 23-10-2024: Outcome of Board Meeting

Escorts Kubota Limited has approved the sale of its Railway Equipment Division to Sona BLW Precision Forgings Limited for a lump sum of INR 1,600 Crore. This 'slump sale' aligns with the company's strategic focus on its core Agri and Construction equipment sectors and is expected to be completed by September 30, 2025. The Railway Equipment Division represented approximately 10.83% of the company's total turnover for the last financial year.