ZF Commercial Vehicle Control Systems India Limited has confirmed the completion of resignation of its Company Secretary and Compliance Officer, Ms. Muthulakshmi M, effective March 24, 2026. The company communicated the final intimation to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Timeline and Process

Ms. Muthulakshmi M initially submitted her resignation letter on December 16, 2025, citing personal reasons and requesting relief on March 16, 2026. However, she later extended the effective date through an addendum dated March 13, 2026, to facilitate proper transition of responsibilities.

Regulatory Compliance

The company has fulfilled all mandatory disclosure requirements under Regulation 30 of SEBI Listing Regulations, providing comprehensive details as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Company Background

Ms. Muthulakshmi M served as Company Secretary and Compliance Officer and was designated as Key Managerial Personnel. In her resignation letter, she expressed gratitude for the support and guidance received during her tenure and confirmed there were no material reasons for her resignation. The announcement was signed by Paramjit Singh Chadha, Managing Director, and communicated from the company's registered office at Plot No.3 (SP), Third Main Road, Ambattur Industrial Estate, Chennai - 600058.

The company, formerly known as WABCO India Limited, operates under CIN: L34103TN2004PLC054667 and trades on BSE (Scrip code: 533023) and NSE (Trading Symbol: ZFCVINDIA).

ZF Commercial Vehicle Control Systems India Limited has successfully concluded its 11th postal ballot process, with shareholders overwhelmingly approving material related party transactions worth up to Rs 2,500 crores. The company submitted detailed proceedings to stock exchanges on March 23, 2026, following the completion of the remote e-voting process that ended on March 20, 2026.

Postal Ballot Framework and Timeline

The Board of Directors approved the postal ballot proposal on February 10, 2026, conducting the entire process through remote e-voting in compliance with the Companies Act, 2013 and SEBI regulations. The voting period extended from February 19, 2026 (9.00 a.m. IST) to March 20, 2026 (5.00 p.m. IST), with February 13, 2026 set as the cut-off date for determining eligible shareholders.

Resolution Details and Voting Outcome

The ordinary resolution sought approval for material related party transactions between the company and its subsidiary with ZF CV Systems Global GmbH during the financial year from April 1, 2026 to March 31, 2027. The transactions are capped at Rs 2,500 crores and include potential material modifications that may arise.

Shareholder Composition and Compliance

The company's paid-up equity share capital consists of 1,89,67,584 equity shares of Rs 5 each, held by 33,137 members as on the cut-off date. Notably, promoters and promoter group members holding 11,380,551 shares did not participate in the voting process, maintaining compliance with Regulation 23(4) of SEBI LODR for material related party transactions.

Communication and Documentation Process

The postal ballot notice was dispatched electronically to 30,994 members with registered email addresses on February 18, 2026. The company published mandatory advertisements in Makkal Kural (Tamil) and Business Standard (English) newspapers on February 19, 2026, ensuring comprehensive stakeholder communication.

Scrutinizer Validation and Final Approval

Mr. G Karthikeyan, Partner at RSGK & Associates (Membership No. A19411), served as the appointed scrutinizer and submitted his report on March 23, 2026. The scrutinizer confirmed that all votes were valid and the resolution was duly passed with requisite majority, meeting all compliance requirements under applicable laws and regulations. Managing Director Paramjit Singh Chadha formally announced the results and directed necessary dissemination to stock exchanges and stakeholders.