Escorts Kubota Limited — Important, 23-10-2024: General Updates

Escorts Kubota Limited's Board approved the sale of its Railway Equipment Division for INR 1,600 Crore to Sona BLW Precision Forgings Limited, structured as a slump sale. This divesture aims to realign the company's focus on agricultural and construction equipment, enhancing operational efficiency and supporting sustainable growth. The transaction is subject to conditions in the business transfer agreement, with completion expected by September 30, 2025. The Railway Equipment Division contributed approximately 10.83% to the company's turnover in the last financial year.