Corporate Governance7 May 2026, 06:31 pm
Escorts Kubota Revises Policies on Related Party Transactions
AI Summary
Escorts Kubota Ltd's Board of Directors approved updates to the company's policies on Materiality of Related Party Transactions (RPTs) and on Dealing with RPTs, as well as the Policy on Preservation of Documents Records. The updated policies, effective May 07, 2026, are available on the company's website. The policy defines key terms like 'Arm’s Length Transaction,' 'Audit Committee,' and 'Material Related Party Transaction,' ensuring compliance with the Companies Act, 2013 and SEBI LODR Regulations, 2015.
Key Highlights
- Escorts Kubota updates policies on related party transactions and document preservation.
- The updated policies comply with Companies Act, 2013 and SEBI LODR Regulations, 2015.
- Material Modifications are defined as changes increasing transaction value by 20% or ₹50 Crore.
- Directors and KMPs are responsible for identifying related parties and transactions.
- All related party contracts must comply with the Act and Listing Regulations.
Price Impact
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