VST Tillers Tractors AGM 2026: ₹25 FY26 Dividend

AGM outcome: accounts adopted, dividend approved

VST Tillers Tractors Limited held its 58th Annual General Meeting (AGM) on September 23, 2026 through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). Shareholders adopted the audited financial statements for the financial year ended March 31, 2026. The meeting also approved the company’s final dividend proposal for FY26. The approved payout was ₹25 per equity share on equity shares with a face value of ₹10 each. The AGM agenda and dividend proposal were part of the company’s disclosures shared ahead of the meeting.

Key dates and how the dividend is structured

Company disclosures show the dividend was marked as declared or announced on May 15, 2026. The company set September 16, 2026 as both the ex-date and the record date for dividend entitlement. The same date also served as the cut-off date for e-voting eligibility. The AGM itself was scheduled for 11:00 am on September 23, 2026 via VC/OAVM. The notice also stated that the dividend payment would be made on or after September 23, 2026, subject to member approval.

Voting process: remote e-voting and e-voting at AGM

Voting was enabled through remote e-voting and electronic voting during the AGM. Remote e-voting was scheduled to open at 9:00 am on September 19, 2026 and close at 5:00 pm on September 22, 2026. The company appointed Prasanna Bedi, a practicing company secretary, as the scrutinizer to supervise the voting process. The scrutinizer’s report on the consolidated results of remote e-voting and e-voting was to be announced within two working days. This approach aligns with the standard governance process used for shareholder resolutions when AGMs are held through VC/OAVM.

Auditor reports: no qualifications or adverse remarks

The company disclosed that its statutory auditors and secretarial auditors submitted reports containing no qualifications, observations, or adverse remarks. Such disclosures are closely watched by investors because audit qualifications can signal accounting or compliance issues. In this case, the statement indicates a clean set of audit remarks for the period referenced in the AGM documentation. The update was part of the AGM proceedings summary.

Meeting wrap-up: shareholder queries and closing time

The meeting concluded at 11:45 am after addressing shareholder queries, according to the disclosed proceedings. The company’s timeline indicates the AGM started at 11:00 am, placing the overall duration at about 45 minutes. With VC/OAVM AGMs, companies typically sequence the event around statutory business, voting instructions, and Q&A. The company’s disclosure also reiterated the key compliance dates tied to voting and dividend eligibility.

Dividend pattern: typically one payout a year

Company disclosures indicate VST Tillers Tractors typically pays one dividend per financial year. The payout is usually declared after the Q4 board meeting results, as per the stated pattern. For FY26, the final dividend recommendation and the AGM approval together complete the formal dividend process. The ₹25 per share final dividend is framed as the dividend for the year ended March 31, 2026.

Stock snapshot and valuation metrics cited in disclosures

The provided market data includes multiple price snapshots. One disclosure states that VST Tillers Tractors’ share price was ₹4,412.70 as on September 16, 2026 at 06:09 IST, with a change of +₹59.20. Another snapshot lists a current price of ₹4,043, along with a 52-week high and low of ₹6,374 and ₹4,026. The same set of figures also includes valuation and return metrics such as Stock P/E 31.8, Book Value ₹1,268, Dividend Yield 0.62%, and ROCE 13.8%. Separately, another data line lists EPS (TTM) 122.50, P/E (TTM) 35.56, Price/Book Value 3.44, and dividend yield 0.57%.

Financial performance: FY24 to FY26 figures provided

The dataset includes income statement figures in millions of INR for 2024, 2025, and 2026. Converting those figures into INR crore (₹ crore), revenue for 2026 is ₹1,240.36 crore, compared with ₹994.55 crore in 2025 and ₹968.05 crore in 2024. Net income for 2026 is ₹104.72 crore, compared with ₹92.97 crore in 2025 and ₹121.07 crore in 2024. Gross profit for 2026 is ₹380.47 crore, compared with ₹300.54 crore in 2025 and ₹300.31 crore in 2024. These figures provide a three-year snapshot that investors often use to compare profitability and growth alongside dividend decisions.

Business profile and what investors track next

The company is described as manufacturing and trading agricultural machinery, including power tillers, compact and higher-HP tractors, power weeders, reapers, brush cutters, and diesel engines. It also distributes spares, lubricants and electric pumps, and manufactures precision components for agriculture, automotive, locomotive and other industrial applications. The same description states the company has over 70% domestic power-tiller market share. On the corporate profile side, the company is described as incorporated in 1967 and operating in the auto sector, with a small-cap classification. A market cap figure of ₹3,498 crore is listed in one snapshot, while another reference describes a market cap of ₹3,861.20 crore, reflecting different points in time.

Conclusion

VST Tillers Tractors’ 58th AGM on September 23, 2026 approved the FY26 audited accounts and the final dividend of ₹25 per equity share of face value ₹10. The record date and ex-date were both September 16, 2026, and the remote e-voting window ran from September 19 to September 22, 2026. The company also disclosed clean statutory and secretarial audit reports, and named Prasanna Bedi as scrutinizer, with consolidated voting results due within two working days. The next formal update investors typically track in this process is the company’s announcement of the scrutinizer’s consolidated voting results and related regulatory filings.