Record Date

Ref: VTTL/SE/AGM/2026 September 01, 2026 The General Manager-Listing The Manager Listing National Stock Exchange of India Limited BSE Limited, Plot No. C/1, G Block, Floor 25, P.J. Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), MUMBAI – 400 051 Mumbai – 400 001 PH: 022-26598235 PH: 022-22721234 Dear Sir / Madam, Subject: Annual Report for the Financial Year 2025-26 along with Notice of 58th Annual General Meeting (“AGM”); Please find enclosed herewith 58th Annual Report along with AGM Notice for the Financial Year 2025-26. We also request you to take note of the following details:.  Annual General Meeting: The 58th Annual General Meeting (AGM) shall be held on Wednesday, September 23, 2026, at 11:00 am (IST) through Video Conferencing (“VC”) or Other Audio-Visual Means (OAVM).  Record Date: The record date for dividend and cut-off date for e-voting: Wednesday, September 16, 2026.  E-Voting: Start of remote e-voting: From 9:00 am (IST) on Saturday, September 19, 2026. End of remote e-voting: Up to 5:00 pm (IST) on Tuesday, September 22, 2026. E-Voting Cut-off date: September 16, 2026.  Dividend: The Board has recommended a Final Dividend of Rs 25/- per share of Rs.10/- each for the financial year 2025-26 and the same will be paid on or after September 23, 2026, if approved by the members at 58th AGM. The Dividend, if declared, shall be payable to all those Members whose names appear in the Register of Members or the beneficial owners as per the records of depositories, as at the closing of business hours on September 16, 2026. Thanking you, Yours truly, for V.S.T. Tillers Tractors Limited, Chinmaya Khatua Company Secretary & Compliance Officer M No: 21759 Scale with Strength ANNUAL REPORT 2025-26 Scan this QR code to navigate investor-related information Corporate Information Mr. Arun V. Surendra STATUTORY AUDITORS Chairman M/s. K.S. Rao & Co., Bengaluru Chartered Accountants Dr. Nandakumar Jairam COST AUDITORS Independent Director M/s. Rao, Murthy & Associates, Bengaluru Cost Accountants Mr. Rajen Krishnanand Padukone Independent Director SECRETARIAL AUDITORS M/s. Thirupal Gorige Associates LLP, Mr. Ajith Kumar Rai Bengaluru Practising Company Secretaries Independent Director REGD. OFFICE Mrs. Shuba Kumar Plot No.1, Dyavasandra Industrial Layout, Independent Director Whitefield Road, Mahadevapura Post, In Memoriam (Appointed as an Additional and Bengaluru - 560 048 Mr. V. K. Surendra Independent director of the Company Ph: 1800 419 0136 with effect from July 27, 2026) E-mail: info@vsttractors.com Website: www.vsttractors.com Mrs. Siva Kameswari Vissa Independent Director PLANT LOCATIONS (retired on July 28, 2026) V.S.T. Tillers Tractors Limited records with profound sorrow the passing of Hosur Mr. V. K. Surendra, former Chairman of the Company, in January 2026. Plot No. 39, Sipcot – Phase I, Mr. V.V. Pravindra Mookandapalli Post, A member of the Company’s promoter family, Mr. Surendra served as Chairman Non-Executive Director Hosur - 635 126. Tamil Nadu from 1996 until his retirement from the Board on February 1, 2024. Over nearly three decades of leadership, he played an instrumental role in shaping the growth Mr. V.T. Ravindra Mysuru and evolution of V.S.T. Tillers Tractors and in strengthening the foundations on Managing Director which the Company stands today. Plot No. 42/43, Metagalli Industrial Area, Mr. Antony Cherukara Under his stewardship, the Company consolidated its position as one of India’s Mysuru - 570016. Karnataka Chief Executive Officer leading manufacturers of power tillers and compact tractors, expanded its manufacturing capabilities, and built a reputation for quality, reliability and Malur Mr. Nitin Agrawal commitment to the farming community. Plot No. 222-224, 229-232, Chief Financial Officer KIADB Industrial Area, Mr. Surendra brought to his role a long-term vision, a deep sense of responsibility Malur III Phase, and an unwavering commitment to the values of the institution. Yet, beyond Mr. Chinmaya Khatua Malur - 563130, Karnataka his accomplishments as a business leader, he will be remembered equally for Company Secretary and his humility, warmth and ability to connect with people across the organisation. Compliance Officer He earned the respect and affection of colleagues and employees at every level. At the time of his retirement as Chairman, he expressed his confidence in the next generation of leadership and in the Company’s continued progress. That confidence remains both an inspiration and a responsibility for all of us. Mr. V. K. Surendra leaves behind an enduring legacy of leadership, integrity and service. We remain deeply grateful for his contribution to the Company and will continue to build upon the institution he helped shape, guided by the values and principles he held dear. 02 03 What’s Inside 06 02 Corporate Information 30 Operating Environment 06 Scale with Strength 32 Business Model 08 VST Tillers Tractors Ltd at a Glance 34 Stakeholder Engagement Corporate 12 Milestones 36 Business Strategy 08 Overview 14 Geographical Presence 38 Digitisation p 16 Business Segments 40 Environmental 24 SoEL – Source Electric 42 Social VST TILLERS TRACTORS LTD 25 Technology and R&D 44 Governance AT A GLANCE 26 Message from the Chairman’s Desk 45 Awards and Accolades 28 Key Performance Indicators 46 Management Discussion and Analysis 60 Board’s Report 86 Corporate Governance Report Statutory 101 Business Responsibility & Sustainability Report BUSINESS SEGMENTS Reports MESSAGE FROM THE Disclaimer: CHAIRMAN’S DESK This document contains statements about 134 Standalone Financial Statements expected future events and financials of VST Tillers Tractors Limited (‘the Company’), 192 Consolidated Financial Statements which are forward-looking. By their nature, forward-looking statements require the Company to make assumptions Financial and are subject to inherent risks and Statements uncertainties. There is a significant risk that the assumptions, predictions, and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements, as several factors could cause assumptions, actual future results and 40 events to differ materially from those expressed in the forward-looking statements. 250 p Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors ENVIRONMENTAL referred to in the Management Discussion and Analysis section of this Annual Report. Notice Scale OPERATIONAL FINANCIAL HIGHLIGHTS* HIGHLIGHTS* with 1,429 ` 1,240.4 Crores Strength Dealer Networks Revenue from Operations 50,332 ` 165.9 VST Tillers Tractors Ltd has built a strong legacy in agricultural Crores mechanisation, with over 50 years of experience and a dominant Power Tillers Units Sold Operating EBITDA domestic market share in power tillers. Built on our core purpose of (including exports) serving small and marginal farmers, we have expanded our presence across 40+ countries spanning Europe, Africa and Southeast Asia, 5,911 ` 106.0 emerging as one of India’s fastest-growing exporters in the compact Crores tractor segment. Tractor Units Sold (including exports) Profit after Tax (PAT) We have undergone a significant mechanisation needs of Indian farmers. transformation to reinvent ourselves Our focus on customer-centric product 40+ ` 1,100.7 as a diversified, technology-driven and development, deeper market penetration and Crores customer-focussed, ready to shape the expansion of the dealer and rural distribution Countries Net Worth future of sustainable mechanisation in India network is enabling us to enhance our and beyond. This shift has been driven by reach and build a stronger position in the portfolio diversification, digital integration domestic tractor market. Together with our and innovation-led development, translating established leadership in power tillers, the *As of March 31, 2026 [Showing first 8,000 characters — download PDF for full document]