In a regulatory filing, Escorts said, "Sanjeev Bajaj, who has been with the Company for last 7 years and has prior experience in Construction Industry will be heading the Construction Equipment Business for India as Chief Executive Construction Equipment Business India and lead the growth agenda for this business."
This change will be effective from December 1, 2021.
There is no appointment/resignation of any designated Key Managerial Persons of the Company, and the intimation is being provided as a good governance practice.
Escorts said, "The company stays committed to its plans for all its businesses and continues to offer good growth potential."
On Sensex, Escorts ended at Rs1518.25 per piece marginally down.