ZF Steering Gear (India) Limited Confirms Non-Applicability of Large Corporate Framework Under SEBI Guidelines
ZF Steering Gear (India) Limited has confirmed to BSE that it does not qualify as a Large Corporate under SEBI's framework due to nil outstanding long-term borrowings as on March 31, 2026. The company maintains an ICRA A+ credit rating and is therefore exempt from the provisions related to fund raising by debt securities issuance under the Large Corporate guidelines.

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ZF Steering Gear (India) Limited has formally communicated to BSE Limited regarding its status under the SEBI framework for Large Corporates. The company has confirmed that it does not qualify as a Large Entity under the guidelines specified in SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which pertains to fund raising by issuance of debt securities by Large Corporates.
Regulatory Compliance Status
In its communication dated April 13, 2026, the company provided a comprehensive disclosure as mandated by the SEBI circular. The key highlight of this disclosure is that ZF Steering Gear (India) Limited reported nil outstanding long-term borrowings as on March 31, 2026, which forms the basis for its exclusion from the Large Corporate category.
| Parameter | Details |
|---|---|
| Company Name | ZF Steering Gear (India) Limited |
| CIN | L29130PN1981PLC023734 |
| Outstanding Long-Term Borrowings (March 31, 2026) | Nil |
| Credit Rating | ICRA A+ [A Plus] |
| Credit Rating Agency | ICRA |
| Stock Exchange for Fine Payment | Not Applicable |
Credit Rating and Financial Position
Despite not qualifying as a Large Corporate, the company maintains a robust credit profile with an ICRA A+ rating for its long-term fund and non-fund based credit facilities. This rating was the highest credit rating achieved by the company during the previous financial year, indicating strong financial health and creditworthiness.
Regulatory Framework Implications
The SEBI framework for Large Corporates was introduced to ensure that entities with substantial borrowings maintain adequate diversification in their funding sources through debt securities. Since ZF Steering Gear (India) Limited has nil long-term borrowings, the provisions pertaining to fund raising by issuance of debt securities by Large Entities are not applicable to the company.
Corporate Information
ZF Steering Gear (India) Limited operates from its registered office and works located at Gat Nos. 1242 & 1244, Village Vadu BK., Tal. Shirur, Dist. Pune - 412 216. The company holds ISO 14001:2015 and ISO 45001:2018 certifications, demonstrating its commitment to environmental management and occupational health and safety standards. The disclosure was signed by Company Secretary Satish Jayantilal Mehta and Chief Financial Officer Jinendra Jain, ensuring proper corporate governance compliance.
Historical Stock Returns for ZF Steering Gear
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.75% | +16.54% | +27.50% | -18.56% | -18.85% | +125.27% |
Will ZF Steering Gear's zero debt strategy impact its ability to fund future expansion plans in India's growing automotive sector?
How might the company's funding approach change if it decides to pursue aggressive growth or acquisitions that require substantial capital?
Could ZF Steering Gear's strong credit rating and debt-free status make it an attractive acquisition target for larger automotive players?


































