VST Tillers Tractors reports 0.13% share transfer to Sita Rajgopal with no net change

What VST Tillers Tractors announced

On 30 June 2026, VST Tillers Tractors Ltd filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records a share transfer to Sita Rajgopal, who is identified as a member of the promoter group. The transfer did not alter the overall shareholding pattern because the shares were previously held jointly with the late V.K. Surendra.

Details of the share transfer

• Acquirer: Sita Rajgopal (promoter group).
• Shares acquired: 11,500 voting shares.
• Percentage of diluted capital: 0.13 % (both before and after the transaction).
• Date of acquisition: 25 June 2026.
• Mode of acquisition: The filing notes the change is a result of the demise of Mr. V.K. Surendra, a joint holder, and the subsequent deletion of his name from the register. No open‑market purchase or issuance of new securities took place.

Share capital overview

The company’s equity share capital increased between the pre‑ and post‑transaction snapshots:

• Before acquisition: 80,527,540 shares (equity share capital).
• After acquisition: 86,527,540 shares (equity share capital).
• Diluted share capital after acquisition: 86,527,540 shares (same as equity capital, indicating no outstanding convertible instruments affecting dilution). The rise of 6 million shares reflects other corporate actions unrelated to the Sita Rajgopal transfer.

"There is no change in the shareholding, since Ms. Sita Rajgopal is the first holder and Mr. V.K. Surendra name was deleted as 2°¢ Holder."

Key facts at a glance

Why this matters for investors

The disclosure confirms that the promoter group’s ownership percentage remains unchanged, eliminating any immediate concerns about dilution or a shift in control. While the total number of issued shares rose by 6 million, this increase is unrelated to the Sita Rajgopal transaction and therefore does not affect her stake. Investors can note that the filing satisfies SEBI’s transparency requirements for substantial share movements, even when the net effect on shareholding is neutral.

Conclusion

VST Tillers Tractors has formally recorded a 0.13 % shareholding transfer to promoter Sita Rajgopal, arising from the removal of a deceased joint holder. No new shares were issued to the acquirer, and the overall promoter composition remains the same. The company’s equity base has expanded, but this expansion is separate from the disclosed transfer.