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V.S.T. Tillers Tractors informs about outcome of board meeting

08 Dec 2023 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) read with Schedule III thereto, V.S.T. Tillers Tractors has informed that the Board of Directors of the Company at its meeting held today (December 08, 2023) has on the recommendation of the Nomination, Compensation and Remuneration Committee, considered and approved the following: Re-appointment of V T Ravindra (DIN:00396156) as Managing Director of the Company, for a period of 3 years effective from April 01, 2024 and Approval of ESOP Scheme (VST Restricted Stock Unit Plan 2024)- The Board has approved the formulation of a Share-based Long Term Incentive Plan viz., VST Tillers Tractors Limited - Restricted Stock Unit Plan 2024’ (‘RSU Plan’ / ‘Plan’) in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Approval of the shareholders of the Company for the above matters shall be sought through Postal Ballot. The meeting commenced at 11:00 am and concluded at 2:15 pm. This information will also be hosted on the website of the Company at www.vsttractors.com.

The above information is a part of company’s filings submitted to BSE.

VST Tillers Tractors Share Price

5179.20 -102.10 (-1.93%)
23-Apr-2026 16:59 View Price Chart
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