VST Tillers Tractors has reported a strong financial performance for the year ended March 31, 2026, with full-year revenue growing 25% to INR1,248 crores compared to INR994 crores in the previous year. The company disclosed the transcript of its investor conference call held on May 15, 2026, on May 21, 2026, providing detailed insights into its operational results and strategic outlook. The disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

The company achieved robust growth across key segments during the fiscal year. Revenue from operations for Q4FY26 stood at INR328 crores, a 9% increase from INR301 crores in the same quarter last year. For the full year, operational EBITDA margins improved by 220 basis points, rising from 11.2% to 13.4%. Excluding fair value gains or losses, the Profit After Tax (PAT) for the year reached INR113 crores, up from INR70 crores in the previous year.

Operational Metrics and Sales Volume

The revenue growth was primarily driven by a significant surge in power tiller sales, which increased by 35% to 50,332 units. Domestic tractor sales also returned to a growth trajectory, registering an 18.6% increase to 4,596 units. Additionally, power weeder sales grew substantially from 7,458 units to 11,346 units. The company generated cash flows of INR132 crores during the year, compared to INR76 crores in the previous year.

In Q4FY26, power tiller volumes were recorded at 12,958 units. Domestic tractor sales for the quarter grew by approximately 20% to 1,244 units, while tractor exports increased to 430 units from 260 units in the corresponding quarter of the previous year. Power weeder sales for the quarter stood at 2,947 units, reflecting a 27% growth.

Strategic Outlook and Guidance

Management highlighted that while the demand scenario remains positive for April and May, uncertainties regarding inflation and monsoon distribution pose risks. The company aims to achieve a growth rate of 25% and targets EBITDA margins between 12% to 14%. VST Tillers Tractors is focusing on structural shifts, such as increasing retail finance penetration to 20% and expanding its presence in the small and marginal farmer segment through Project Chatrapati.

Regarding new products, the company launched the FENTM series of tractors and electric weeders. Management expects to conduct an all-India launch of electric weeders and tillers in early Q2 of the current fiscal year. The company also signed an MoU with Kerala Agriculture University to collaborate on areas of joint interest.

V.S.T. Tillers Tractors Limited has issued a postal ballot notice, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder approval for the re-appointment of Dr. Nandakumar Jairam (DIN: 00321693) as an Independent Director. The proposal, arising from a board meeting held on May 15, 2026, seeks to appoint Dr. Jairam for a second consecutive term of five years, commencing June 21, 2026, and ending June 20, 2031 (both days inclusive). The resolution is to be passed as a Special Resolution through the postal ballot process conducted exclusively via remote e-voting.

Re-appointment Proposal at a Glance

The following table summarises the key details of the proposed re-appointment:

Profile of Dr. Nandakumar Jairam

Dr. Nandakumar Jairam is a distinguished healthcare leader, renowned surgeon, and visionary administrator with over four decades of experience in India's medical and healthcare sectors. His career includes serving as Chairman, CEO, and Group Medical Director of Columbia Asia Hospitals in India, where he played a pivotal role in the organisation's growth. He has also held significant positions such as Chairman of the National Accreditation Board for Hospitals and Healthcare Providers (NABH) under the Quality Council of India (QCI), Chairman of the Health Services Committee of FICCI, and member of the Health Insurance Forum of IRDA.

Dr. Jairam's contributions to healthcare have been recognised with several accolades, including the FRCS in 2017, the Healthcare Personality of India award by FICCI in 2017, and the Lifetime Achievement Award by FICCI in Healthcare in 2021. He holds qualifications of MBBS and MS in General Surgery, and was born on September 26, 1952.

Board and Committee Memberships

Dr. Jairam's current and external board engagements are as follows:

Basis for Re-appointment

The Nomination, Compensation and Remuneration Committee (NCRC), after evaluating Dr. Jairam's performance during his first term, has recommended his re-appointment for a second term of five years. The Board is satisfied with the outcome of the performance evaluation and has taken into account his diverse skill set, leadership capabilities, and expertise in areas including general management, sustainability, and corporate governance. The Board has confirmed that Dr. Jairam meets the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI LODR Regulations, 2015.

It is also noted that Dr. Nandakumar Jairam will attain the age of 75 years during his second term, specifically on September 26, 2027. Accordingly, the resolution also seeks shareholder approval for his continuation beyond that date, as required under Regulations 17(1A) and 25(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

E-Voting Process and Key Dates

The e-voting for this postal ballot is facilitated through the National Securities Depository Limited (NSDL) platform. Members holding shares as on the cut-off date of May 08, 2026—either in physical or dematerialised form—are entitled to cast their votes electronically. The results of the postal ballot will be declared within two working days from the conclusion of the e-voting period, i.e., by June 17, 2026, and will be communicated to the stock exchanges and displayed on the Company's website at www.vsttractors.com . Mr. Thirupal Gorige (Membership No. FCS 6680/CP No. 6424), Designated Partner of M/s. Thirupal Gorige & Associates LLP, Bengaluru, has been appointed as the Scrutinizer to oversee the process in a fair and transparent manner.