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 an inter-se transfer of shares to acquirer V V Vijayendra. The disclosure, submitted to BSE Ltd and National Stock Exchange of India Ltd, confirms that the total holding of V V Vijayendra increased to 16,75,887 shares, representing 19.37% of the total voting capital. The adjustment was made to remove the name of the deceased second holder from the records.

The filing was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It details that V V Vijayendra, classified as a promoter, acquired 10,49,875 shares via off-market inter-se transfer. 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	6,26,012	7.24	NA
Total (a+b+c+d)	6,26,012	7.24	NA
After Acquisition
Shares carrying voting rights	16,75,887	19.37	NA
Total (a+b+c+d)	16,75,887	19.37	NA

The mode of acquisition was reported as an off-market inter-se transfer between promoters on account of transmission due to the demise of Mr. V K Surendra. The document specifies that Mr. V V Vijayendra is the acquirer and the name of the second holder was deleted as a result of the death. 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 V V Vijayendra on June 26, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.70%	-2.15%	-6.17%	-25.98%	+20.80%	+125.02%

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.