ZF Steering Gear (India) Limited has scheduled its 46th Annual General Meeting (AGM) for July 27, 2026, at 10.00 AM IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting seeks shareholder approval for the re-appointment of Mr. Dinesh Munot as Chairman and Whole-Time Director and Mr. Utkarsh Munot as Managing Director, along with the ratification of material related party transactions for FY 2026-27.

Director Re-appointments

The Board recommends the re-appointment of Mr. Dinesh Munot, aged 78, for a term of five years from July 28, 2026, to July 27, 2031. Mr. Utkarsh Munot is proposed for re-appointment as Managing Director for five years from May 19, 2026, to May 18, 2031. Both resolutions require a Special Resolution as the remuneration sought may exceed the limits prescribed under Section 197 of the Companies Act, 2013, and Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Related Party Transactions

Shareholders will vote on resolutions to approve material related party transactions for FY 2026-27. The company, along with its subsidiaries DriveSys Systems Private Limited and Metacast Auto Private Limited, proposes to enter into transactions with the Supreme Group and inter-se transactions between subsidiaries. The aggregate value of these transactions is not expected to exceed Rs. 100 crore. This approval is sought following an amendment to Regulation 23 of the Listing Regulations, which restricts the validity of such approvals to one financial year.

Financial Performance

For the financial year ended March 31, 2026, the company reported a Total Revenue of ₹556.74 crore and a Net Profit of ₹31.78 crore. In the previous year, FY 2024-25, the company recorded a Total Revenue of ₹492.86 crore and a Net Profit of ₹33.89 crore.

AGM Logistics

The cut-off date to determine member eligibility for the AGM is Monday, July 20, 2026. Remote e-voting commences on Friday, July 24, 2026, at 9:00 AM IST and concludes on Sunday, July 26, 2026, at 5:00 PM IST. M/s. SIUT & Co. LLP has been appointed as the Scrutinizer for the e-voting process. The Notice of AGM and Annual Report for FY 2025-26 are available on the company’s website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE116C01012/1194738a-2486-4414-92e7-25bf12448634.pdf

ZF Steering Gear (India) Ltd has entered into a Framework Co-operation Agreement with Hubei Tri-Ring Motor Steering Gear Co. Ltd., China, to establish a framework for co-operation in relation to the development of Electric Hydraulic Power Assisted Steering (EHPAS) assemblies in India. The agreement, signed on June 29, 2026, is preliminary in nature and serves as a basis for further discussions between the parties. The proposed co-operation is not a related party transaction and is in the ordinary course of business.

Partnership Overview

The agreement between ZF Steering Gear (India) Ltd and Hubei Tri-Ring Motor Steering Gear Co. Ltd. focuses on the development of Electric Hydraulic Power Assisted Steering assemblies. This technology combines the efficiency of electric actuation with the reliability of hydraulic assistance. The partnership is specifically directed at the Indian market, reflecting growing demand for advanced steering solutions in the country's expanding automotive industry.

Strategic Significance

Electric Hydraulic Power Assisted Steering assemblies represent a key segment in modern vehicle technology, offering improved fuel efficiency and enhanced driver control compared to conventional hydraulic systems. By partnering with Hubei Tri-Ring Motor Steering Gear Co. Ltd., ZF Steering Gear (India) Ltd aims to leverage combined expertise to develop and deliver these systems locally. The collaboration underscores the increasing emphasis on technology partnerships within India's automotive components industry to meet evolving vehicle performance standards.