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ESCORTS LTD. - 500495 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 In compliance with Regulation 30 (6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulations'), we wish to inform you that the Company will be doing Concall with fund house/ investor as per details below: Intimation of Investor meeting* Date Type of meeting Meeting With February 11, 2022 Video Call/ Concall Various Investors organised by Batlivala & Karani Securities India Pvt. Ltd February 11, 2022 Video Call/ Concall Various Investors at Antique''s Annual Investor Conference *Subjected to change due to exigencies. Further please note that Investor Earning Presentation has already been uploaded on our website at https://www.escortsgroup.com/investors/financials.html?view=list pursuant to Regulation 46 of the Regulations.
09-02-2022

Earnings Call for Q3FY22 of Escorts Ltd

 Conference Call with Escorts Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
08-02-2022
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ESCORTS LTD. - 500495 - Statement Of Deviation Or Variation In The Use Of Proceeds Of Preferential Issue For The Quarter Ended December 31, 2021

 Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the use of proceeds from the objects stated in the Letter of Offer for Preferential issue of the Company. A statement of deviation, stating that there is no deviation or variation in the utilisation of these proceeds, duly reviewed by the Audit Committee, is attached.
08-02-2022
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Q3FY22 Quarterly Result Announced for Escorts Ltd.

 Tractor maker Escorts declares Q3FY22 result: Escorts Ltd. Q3 Standalone Profit Sequentially up 14% at Rs 201.5 cr. Tractor volumes at 25,325 units Construction Equipment volumes at 1,151 units EBIDTA at Rs 264.6 crore PAT at Rs 201.5 crore Revenue from operations at Rs 1,957.5 crore in quarter ended December 2021 was up by 17.8% as against Rs 1,662.3 crore in sequential quarter and down by 3% as against Rs 2,017.4 crore in the corresponding quarter. EPS reported at Rs 15.33 as against Rs 13.39 in sequential quarter and as against Rs 21.28 in corresponding quarter Revenue from operations was up by 12.1 % at Rs 5,291.2 crore in nine months period ended December 2021 as against Rs 4,718.8 crore in the corresponding period last fiscal. Standalone net profit for the nine months period ended December 2021 at Rs 563.4 crore came down by 6.5% as against a profit of Rs 602.7 crore in the corresponding period last fiscal At consolidated level revenue from operations was up by 12% at Rs 5,359.9 crore in nine months period ended December 2021 as against Rs 4,785.7 crore in nine months period ended December 2020. Consolidated net profit recorded at Rs 545.6 crore in nine months period ended December 2021 was down by 9% as against a profit of Rs 606.2 crore in corresponding period last fiscal. Speaking on the results, Chairman and managing Director Mr. Nikhil Nanda said, "The tractor industry has now been impacted for two consecutive quarters due to high base of last year, delayed harvest of Kharif crops owing to late monsoon rains this year which affected the rural cash flows and the retail demand. Going forward, we do expect cash flows to improve with better Kharif procurement and positive outlook with good Rabi sowing. While high inflation remains a concern, we are hopeful of macro- economic factors to be in favour of agriculture to boost rural demand. We continue to invest in new product development and distribution spread to offer enhanced reach and customer experience across domestic & global markets. Multiple initiatives in agriculture and infrastructure development focus from government will be helpful in creating opportunities across our agriculture, construction & railway portfolio." Result PDF
08-02-2022
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ESCORTS LTD. - 500495 - Outcome Of Board Meeting Of Escorts Limited Pursuant To Regulation 30 & Unaudited Financial Results Pursuant To Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 Outcome of Board Meeting of Escorts Limited pursuant to Regulation 30 & Unaudited Financial Results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
08-02-2022
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ESCORTS LTD. - 500495 - Board Meeting Outcome for Outcome Of Board Meeting Of Escorts Limited Pursuant To Regulation 30 & Unaudited Financial Results Pursuant To Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Board in its meeting held today i.e. February 08, 2022 has approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2021 and Limited Review Report thereon.
08-02-2022
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ESCORTS LTD. - 500495 - Intimation Of Interaction With Media

 In compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulations'), we wish to inform you that the Company will be interacting with media as per details below: Intimation of interaction* Date Type of Interaction Interaction with February 08, 2022 Video Call/ Concall Various print and Electronic Media Agency February 09, 2022 Video Call/ Concall Various print and Electronic Media Agency *Subjected to change due to exigencies. The above is for your kind information and records.
08-02-2022
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ESCORTS LTD. - 500495 - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations') - Update On Regulatory Approval For Indirect Change Of Control Of Escorts Finance Limited.

 We refer to our letter dated 18.11.2021, : (a) approval of the board of directors of the Company for: (i) a share subscription agreement Acquirer will acquire control to become a joint promoter of the Company along with the existing promoters of the Company; and (b) the preferential issue of 93,63,726 equity shares subject to completion of certain conditions, which, inter-alia, included approval from the'RBI'for an indirect change of control of Escorts Finance Limited ('EFL'), a subsidiary of the Company In this regard, we would like to inform you that EFL had filed the application with the RBI for obtaining an approval for indirect change of control of EFL pursuant to the Proposed Transaction. In respect of the aforesaid application, Company has received intimation from RBI that since EFL is no longer registered with the RBI, no prior permission from the RBI is required for the proposed indirect change of control of EFL.
05-02-2022
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ESCORTS LTD. - 500495 - Intimation Of Approval Of Competition Commission Of India ('CCI') For The Preferential Issue Of 93,63,726 Equity Shares Of Escorts Limited To Kubota Corporation, Japan ("Acquirer') By Escorts Limited Under Regulation 30(7)

 We refer to our letter dated November 18, 2021, whereby we had informed you of the outcome of the meeting of the board of directors of Escorts Limited ('Company'), amongst others, in relation to the preferential issue of 93,63,726 equity shares to the Acquirer, subject to completion of certain conditions, which, inter-alia, included receipt of necessary regulatory approvals ('Proposed Transaction'). In this regard, we would like to inform you that the Acquirer had filed the application with the CCI for obtaining approval for the Proposed Transaction. The Acquirer/ its counsel has informed the Company that the CCI vide its letter dated February 3, 2022, has intimated that the CCI, at its meeting held on February 1, 2022, considered the proposed combination and approved the same under sub-section (1) of Section 31 of the Competition Act, 2002 (copy enclosed). The detailed public order of the CCI in this regard is awaited.
03-02-2022

CCI approves acquisition of additional shares of Escorts by Kubota Corporation

 The proposed transaction involves Kubota's acquisition of certain additional equity shares of Escorts by way of preferential allotment, CCI states.
02-02-2022
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