Escorts Kubota Limited — Others, 08-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Escorts Kubota Limited confirms full adherence to the planned use of Rs. 1,872.75 Cr raised via preferential issues, allocating Rs. 1,855.31 Cr toward expanding its agri-machinery business, including tractors, harvesters, utility vehicles, construction equipment, engines, and spare parts. Rs. 131.17 Cr has been utilized so far as intended. This disciplined capital deployment aims to strengthen product offerings and boost manufacturing, sales, and R&D, positioning the company for sustainable growth in the agricultural equipment sector.