Escorts Kubota: No Deviation in Preferential Issue Fund Use for Q2 FY27

Escorts Kubota Limited has filed a statement confirming no deviation or variation in the utilization of funds raised through preferential issues for the quarter ended June 30, 2026. The funds, amounting to Rs. 1,872.745 Crores raised on February 18, 2022, were primarily allocated for the expansion of its agri-machinery business. The statement, reviewed by the Audit Committee, indicates that all proceeds have been utilized as per the original objects, with no modifications or discrepancies noted. The company has confirmed that the utilization aligns with the stated objectives, and no further shareholder approval was required due to the absence of any deviation.