VST Tillers Tractors reports 2.49% promoter share transfer to Arun Vellore Surendra

What VST Tillers Tractors announced

VST Tillers Tractors Ltd. filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 29 June 2026. The filing records a share transfer to promoter Arun Vellore Surendra, who now holds 215,630 voting shares, equivalent to 2.49% of the company’s diluted share capital. The transfer stems from the removal of the late V.K. Surendra as a joint holder; no new shares were issued, and the overall promoter holding remains unchanged.

"There is no change in the shareholding, since Mr. Arun Vellore Surendra is the first holder and Mr. V.K. Surendra name was deleted as 2nd holder."

Details of the share transfer

• Acquirer / Person Acting in Concert (PAC): Arun Vellore Surendra (promoter)
• Target company: VST Tillers Tractors Ltd.
• Shares transferred: 215,630 voting shares
• Percentage of diluted share capital: 2.49%
• Total diluted share/voting capital: 86,527,540 shares
• Mode of acquisition: Transfer of existing shares following the demise of V.K. Surendra; reported as a non‑market transaction.
• Date of intimation: 25 June 2026 (the date the allotment/intimation was received)
• Filing date: 29 June 2026

The annexure in the filing lists the pre‑ and post‑transfer holdings as identical – 215,630 shares representing 2.49% of the total capital. No encumbrances, warrants, convertible securities, or other instruments were involved in the transaction.

Regulatory framework

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 requires any person acquiring, directly or indirectly, a shareholding that crosses the 1% threshold (or any subsequent increase) to disclose the details to the stock exchanges. The purpose is to ensure transparency for investors and to monitor potential changes in control.

In this case, the acquirer is already a promoter, and the transfer does not alter the promoter group’s aggregate stake. Nonetheless, the company complied with the disclosure requirement because the shareholding of a promoter changed in name, even though the percentage remained the same.

Key facts at a glance

Why this matters for investors

The filing confirms that the promoter group’s overall stake in VST Tillers Tractors has not increased or decreased as a result of the transaction. Consequently, there is no immediate dilution of existing shareholders’ equity, nor is there a change in voting power that could affect corporate governance.

For investors tracking promoter holdings, the key point is the name change in the share register – Arun Vellore Surendra now holds the shares previously recorded under V.K. Surendra. Such changes are routine in cases of inheritance, death, or restructuring within a promoter family and are disclosed to maintain market transparency.

The total diluted share capital of 86.5 million shares provides a reference point for calculating ownership percentages for any future share movements. Should the promoter group acquire additional shares beyond the current 2.49% stake, a new disclosure would be required under the same SEBI regulation.

Conclusion

VST Tillers Tractors Ltd. has complied with SEBI’s disclosure requirements by reporting a promoter share transfer of 215,630 voting shares to Arun Vellore Surendra. The transaction does not alter the overall promoter shareholding percentage, leaving the company’s ownership structure effectively unchanged. The filing satisfies regulatory transparency obligations, and no further action is pending from the company’s side regarding this specific share transfer.