New Delhi: Escorts Ltd-led Escorts Kubota Restricted on Tuesday knowledgeable that Ajay Mandhar has tendered his resignation from the put up of Chief Govt Officer, Agri Equipment Enterprise, on June 20, 2022 citing private causes. His resignation has been accepted.
As per a regulatory submitting of the corporate, within the interim interval Shenu Agarwal, President Agri Equipment and Building Gear Enterprise, will take care of this function until a successor is nominated.
“Ajay Mandhar, Chief Govt Officer, Agri Equipment Enterprise, will not be a delegated Key Managerial Particular person as per Corporations Act, 2013 and this intimation is being offered as a great governance apply,” the corporate mentioned in a BSE submitting.
At round 12:25 PM, Escorts was buying and selling at INR 1,500.40 per share, up by INR 17.2 or 1.16% from its earlier closing of INR 1,483.20 per share on the BSE.