YOU ARE HERE >  Moneycontrol Markets > Announcements Auto - TractorsAnnouncement - Escorts

21st-Sep-2021 19:23Source: BSE

Escorts - Strategic Organizational Changes

We would like to inform you that further to the Organization announcement on Aug 16, 2021 following organizational changes have been undertaken by the Company for the Railway business basis discussions with the Nomination & Remuneration Committee (NRC) of the Board-

Ankur Dev, who has been with the Company for last 3 years will be heading the Railways Business as Chief Executive Railway Business and lead the growth agenda for this business.
To ensure seamless transition and continuity the change will be effective from October 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.

The company stays committed to its plans for all its businesses and continues to offer good growth potential.

We request you to kindly take note of the same in your records.