Escorts Kubota announces resignation of CEO of Agri Machinery Business

21 Jun 2022 , 12:22 PM

Escorts Ltd-led Escorts Kubota Limited has informed that Ajay Mandhar vide his email dated June 20, 2022 has tendered his resignation from the post of Chief Executive Officer, Agri Machinery Business citing personal reasons and requested, for acceptance of his resignation which has been accepted.

As per the regulatory filing, in the interim period Shenu Agarwal, President Agri Machinery and Construction Equipment Business shall be looking after this role till the successor is nominated, said company.

At around 12:25 PM, Escorts was trading at Rs1,500.40 per share up by Rs17.2 or 1.16% from its previous closing of Rs1,483.20 per share on the BSE.