The Board of Directors of Escorts Limited has today appointed Nikhil Nanda as the Chairman and Managing Director of the company.

The Board of Directors unanimously appointed Nikhil Nanda to succeed Rajan Nanda, former Chairman and Managing Director of Escorts Limited. Rajan Nanda, passed away on Sunday, August 5, after a brief illness.

Chairman and Managing Director of Escorts Ltd., Nikhil Nanda, said, "I am aware that an enormous responsibility, with a great legacy, has been entrusted on me. Our founder Chairman Mr HP Nanda created Escorts to elevate human lives by eradicating drudgery through technology driven agriculture and infrastructure. Along with our late Chairman, Mr Rajan Nanda, I got an opportunity to nurture the legacy and build a strong engineering set-up to cater to community development.  It is a privilege to lead this company which has been built by innovation, highly respected board and a great team. I am confident that with board's guidance and our engineering strength we will continue to live up to the expectations across stakeholders. Escorts will create products & solutions which will transform agriculture by empowering farmers with mechanized, precision based autonomous technology and partner nation to build smart and safe infrastructure. Escorts is committed to take the vision forward and build a global scale and world class company. I look forward to the Board, our shareholders and investors, our partners & the entire Escorts team to help shape new dreams and start new technology movements for community development and a prosper nation."

(Continued on the next page)