VST Tillers Tractors stake rises to 19.37% after V V Vijayendra acquires 10.49 lakh shares

What VST Tillers Tractors announced

On 29 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 that promoter V V Vijayendra acquired an additional 10,49,875 equity shares of the company, raising his total holding to 16,75,887 shares, which represents 19.37% of the total voting capital.

The acquisition was executed as an off‑market inter‑se transfer between promoters on 25 June 2026.

Acquisition specifics

• Acquirer: V V Vijayendra (identified as the acquirer and a promoter of VST Tillers Tractors).
• Mode of acquisition: Off‑market inter‑se transfer between promoters, carried out on account of transmission following the demise of Mr V K Surendra.
• Date of acquisition: 25 June 2026.
• Number of shares acquired: 10,49,875 shares, which corresponds to 12.13% of the company’s total share capital.
• Share price / consideration: The filing does not disclose any monetary consideration for the transfer.
• Equity share capital: Remains unchanged at 8,65,27,540 shares before and after the transaction.

Shareholding impact

The increase of 10,49,875 shares lifts Vijayendra’s voting power to just under one‑fifth of the company’s diluted share base. The filing also mentions that a folio previously holding Mr V K Surendra’s name (a 2% holder) has been deleted, reflecting the transmission of his shares to the surviving promoter.

Regulatory filing and compliance

The disclosure complies with SEBI’s Regulation 29(2), which mandates that any person acquiring 5% or more of a listed company’s voting rights must promptly inform the stock exchanges. The filing was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on 29 June 2026 at 07:12 UTC. The annexed format includes detailed pre‑ and post‑acquisition holdings, the mode of acquisition, and the date of receipt of the shares.

Key facts at a glance

Why this matters for investors

The increase in promoter holding signals a consolidation of voting power within the promoter group. While the transaction does not alter the company’s capital structure—no new shares were issued and the total equity share count remains the same—it does affect the composition of the share register. Existing shareholders may see a modest shift in the balance of control, as the promoter’s stake moves closer to the 20% threshold that often triggers additional regulatory scrutiny or board‑level considerations.

For investors, the key implications are:

• Potential influence: A 19.37% stake gives the promoter a stronger voice in shareholder meetings and may influence strategic decisions.
• No dilution: Because the shares were transferred between promoters, there is no dilution of existing shareholders’ economic interest.
• Regulatory compliance: The prompt filing demonstrates adherence to SEBI’s takeover regulations, reducing the risk of future compliance penalties.
• Transparency on transmission: The filing clarifies that the transfer resulted from inheritance, not a market purchase, which may be relevant for assessing the promoter’s financial capacity.

Conclusion

The Regulation 29(2) filing confirms that V V Vijayendra has increased his stake in VST Tillers Tractors to 19.37% through an off‑market transfer of 10.49 lakh shares on 25 June 2026. The transaction does not affect the company’s total share capital but does consolidate promoter control. The disclosure satisfies SEBI’s reporting requirements, and no further approvals are indicated as pending.