V.S.T Tillers Tractors Limited has informed the Exchange about change in Management - Re-appointment of Independent Director
VSTTILLERS · price
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V.S.T Tillers Tractors board meeting on May 15, 2026 approved the re-appointment of Dr. Nandakumar Jairam as Independent Director for a second term of 5 years starting June 21, 2026, subject to shareholder approval via postal ballot. The company also reported strong FY2026 standalone profit of Rs. 10,600 lakhs (up from Rs. 9,297 lakhs in FY2025), with consolidated profit at Rs. 10,472 lakhs. Basic EPS improved to Rs. 121.16 from Rs. 107.60 year-on-year. The board recommended a dividend of Rs. 25 per equity share. Dr. Jairam is a veteran healthcare leader with 40+ years experience, including roles at Columbia Asia Hospitals, and is not related to any director of the company.
The re-appointment of a well-qualified independent director with healthcare, governance and leadership expertise signals continued board stability and strengthens corporate governance. The strong financial performance and dividend recommendation are positive indicators for shareholders.