VST Tillers Tractors Limited shareholders approved the appointment of M/s. Brahmayya & Co, Chartered Accountants, as the company's statutory auditors for a term of five consecutive years at its 58th Annual General Meeting held on September 23, 2026.

The new appointment replaces K.S. Rao & Co., which ceased to hold office upon the conclusion of the AGM after completing two terms of five years each. While routine items passed unanimously, the auditor appointment saw 7.98% dissenting votes, primarily from institutional shareholders. The meeting also ratified a final dividend of ₹25 per equity share for FY26 and adopted audited financial statements.

Voting results on key resolutions

The scrutinizer’s report confirmed that all ordinary and special business items were passed with the requisite majority. The table below summarizes the voting outcome for the most significant resolutions:

Governance and board changes

Shareholders approved the re-appointment of Mr. V.V. Pravindra as director retiring by rotation, with only 0.01% votes against. The appointment of Mrs. Shuba Kumar as an independent director was approved with near-unanimous support (99.99% in favour).

Prasanna Bedi, a practicing company secretary, served as the scrutinizer. The remote e-voting period ran from September 19 to September 22, 2026, using the CDSL platform. The meeting concluded at 11:45 am after addressing shareholder queries.

What the numbers show

The voting data reveals a divergence in shareholder sentiment regarding auditor appointments compared to other governance matters. While the dividend declaration and financial statement adoption received 100% support, the appointment of M/s. Brahmayya & Co faced 501,875 dissenting votes, representing 7.98% of total votes polled. This dissent originated entirely from the Public-Institutions category, which voted 29.17% against the resolution, while Promoters and Public-Non Institutions voted overwhelmingly in favour. This suggests specific concerns among institutional investors regarding the new audit firm, despite the overall approval of the management's agenda.

VST Tillers Tractors has recommended a final dividend of ₹25 per equity share of face value ₹10 each for the financial year ending March 31, 2026. The payout requires approval by shareholders at the upcoming annual general meeting.

The company will hold its 58th Annual General Meeting on Wednesday, September 23, 2026. The session will commence at 11:00 am and be conducted through video conferencing or other audio-visual means. Shareholders holding shares as of the record date will be eligible to receive the dividend if declared.

Meeting Logistics

The record date for dividend entitlement and the cut-off date for e-voting is Wednesday, September 16, 2026. Only members whose names appear in the register of members or depository records as at the close of business on this date will qualify for the payout.

Remote e-voting will be available from 9:00 am on Saturday, September 19, 2026, until 5:00 pm on Tuesday, September 22, 2026. This window allows shareholders to cast their votes before the physical meeting date.

Dividend Details

The Board of Directors proposed the ₹25 dividend during its recent meeting. The payment will be made on or after September 23, 2026, subject to member approval. The dividend applies to all equity shares with a face value of ₹10 each.

Chinmaya Khatua, Company Secretary and Compliance Officer, signed the communication addressed to the National Stock Exchange of India Limited and BSE Limited. The notice includes the annual report for FY26 along with the AGM agenda.