VST Tillers Tractors updates shareholding after demise of joint holder

VST Tillers Tractors Ltd disclosed a shareholding update following the demise of joint holder V K Surendra, resulting in the removal of the second holder's name from the records. The disclosure, submitted to BSE Ltd and National Stock Exchange of India Ltd, confirms that Sita Rajgopal remains the first holder with 11,500 shares, representing 0.13% of the total voting capital. The adjustment was processed to reflect the deletion of the deceased joint holder's name.

The filing was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It details that Sita Rajgopal, classified as a promoter, did not acquire any additional shares, and the total holding remains unchanged. The equity share capital of the target company remains at 8,65,27,540 shares both before and after the update.

The table below summarizes the shareholding details before and after the disclosure:

Particulars	Number of Shares	% of Total Share Capital	% of Total Diluted Share Capital
Before Acquisition
Shares carrying voting rights	11,500	0.13	NA
Total (a+b+c+d)	11,500	0.13	NA
After Acquisition
Shares carrying voting rights	11,500	0.13	NA
Total (a+b+c+d)	11,500	0.13	NA

The mode of acquisition was reported as a reporting event on account of the demise of Mr. V K Surendra, who was one of the joint holders. The document specifies that Ms. Sita Rajgopal is the first holder and Mr. V K Surendra's name was deleted as the second holder. No shares were acquired or sold in the market during this process.

The date of the intimation regarding the change in shareholding was recorded as June 25, 2026. The total diluted share capital of the company remains unaffected at 8,65,27,540 shares. The disclosure was signed by Sita Rajgopal on June 27, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.03%	-2.97%	-2.72%	-17.45%	+0.02%	+116.88%

VST Tillers Tractors Limited shareholders have approved the re-appointment of Dr. Nandakumar Jairam as an Independent Director for a second term of five years. The resolution, effective from June 21, 2026, to June 20, 2031, received 99.94% of votes in favour through remote e-voting. The postal ballot process concluded on June 17, 2026, with the requisite majority secured for the special resolution.

The voting was conducted via remote e-voting from May 19, 2026, to June 17, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s Thirupal Gorige & Associates LLP was appointed as the scrutinizer to oversee the process. The record date for determining shareholder eligibility was May 8, 2026.

Voting Results Summary

The resolution garnered significant support across shareholder categories. A total of 176 members voted in favour, while 14 members voted against the proposal. There were no invalid votes recorded during the process.

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	4,553,465	0	100.00	0.00
Public - Institutions	1,679,138	0	100.00	0.00
Public - Non Institutions	21,629	3,491	86.10	13.90
Total	6,254,232	3,491	99.94	0.06

Scrutinizer's Report

Thirupal Gorige of M/s Thirupal Gorige & Associates LLP confirmed the results in a report dated June 18, 2026. The scrutinizer verified the votes cast through the NSDL e-voting platform. The report noted that the company dispatched notices electronically to members whose email IDs were available, in compliance with relevant MCA and SEBI circulars. The results were unblocked in the presence of two witnesses not employed by the company.