ZF Commercial Vehicle Control Systems India Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Muthulakshmi M, effective March 24, 2026. The announcement was made through a regulatory filing to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Management Personnel Change

Ms. Muthulakshmi M, who holds the position of Company Secretary and Compliance Officer and is designated as Key Managerial Personnel of the company, has tendered her resignation to pursue further career opportunities outside of ZF Group. The company has accepted her resignation, and she will be relieved from her duties at the close of business hours on March 24, 2026.

Regulatory Compliance Details

The company has provided the mandatory details as required under Regulation 30 of SEBI Listing Regulations in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026:

Next Steps

ZF Commercial Vehicle Control Systems India Limited has confirmed that the resignation letter of the Key Managerial Personnel will be disclosed to the stock exchanges within the stipulated time as required under clause 7(C) of Part A - Schedule III of SEBI (LODR) Regulations 2015. The announcement was signed by Paramjit Singh Chadha, Managing Director of the company, and communicated to both BSE Limited and National Stock Exchange of India Limited on March 20, 2026.

The company, formerly known as WABCO India Limited, is headquartered in Chennai and operates from its registered office at Plot No.3 (SP), Third Main Road, Ambattur Industrial Estate, Chennai - 600058.

ZF Commercial Vehicle Control Systems India Limited has initiated a postal ballot process to obtain shareholder approval for material related party transactions with ZF CV Systems Global GmbH for the financial year 2026-27. The company announced this development through a regulatory filing dated February 18, 2026.

Transaction Details and Approval Process

The postal ballot seeks approval for transactions worth up to Rs. 2,500 crores with ZF CV Systems Global GmbH, a fellow subsidiary and related party under SEBI regulations. The transactions will encompass various business activities including purchase and sale of goods, property, plant and equipment, rendering and receiving of services, reimbursements, and other related activities.

E-Voting Schedule and Process

The company has arranged for electronic voting through National Securities Depository Limited (NSDL) as the service provider. Shareholders whose names appear on the Register of Members as on February 13, 2026 (cut-off date) will be eligible to participate in the voting process.

Historical Transaction Performance

The company has maintained significant business relationships with ZF CV Systems Global GmbH in previous financial years. During FY 2024-25, the aggregate transactions with this related party reached substantial levels across multiple business segments.

For the nine months ended December 31, 2025, transactions with ZF Global CVS aggregated to Rs. 1,069.61 crores, representing 36.17% of consolidated turnover for the period.

Business Rationale and Regulatory Compliance

ZF CV Systems Global GmbH serves as the global headquarters for Commercial Vehicle Solutions business of the ZF Group and acts as the principal manufacturer of Autonomous, Electric and Connected products. The entity also functions as a master distributor for cross-regional sales of existing ZF products, making it a major overseas customer of the company.

The transactions are structured to be conducted in the ordinary course of business and at arm's length basis. The Audit Committee has reviewed and approved these transactions, confirming they are in the best interest of the company. The Board of Directors has recommended the resolution for shareholder approval.

Scrutinizer and Governance

The company has appointed Mr. G Karthikeyan, Partner at M/s. RSGK & Associates (Membership No. A19411 / CoP No. 21869), as the Scrutinizer for conducting the postal ballot process. The scrutinizer will ensure fair and transparent conduct of the e-voting process and submit the final report to the company's Chairman.

The postal ballot notice is being distributed electronically to shareholders who have registered their email addresses with the company, depositories, or depository participants. Physical copies are not being sent in accordance with regulatory guidelines for electronic communication.