ZF Steering Gear Launches 'Saksham Niveshak' Campaign for Unclaimed Dividends Recovery

1 min read     Updated on 24 Apr 2026, 05:46 PM
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AI Summary

ZF Steering Gear (India) Limited has launched the Second 100 Days Campaign 'Saksham Niveshak' from April 1 to July 9, 2026, following IEPF Authority's directive to help shareholders claim unpaid dividends from FY 2018-19 to FY 2023-24. The campaign encourages shareholders to update their KYC details and claim outstanding dividends to prevent transfer to the IEPF Authority. Shareholders can download forms from the company website and submit them to registrar MUFG Intime India Private Limited, while demat holders should contact their Depository Participants for assistance.

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ZF Steering Gear (India) Limited has initiated the Second 100 Days Campaign 'Saksham Niveshak' following directives from the Investor Education and Protection Fund Authority. The campaign, running from April 1 to July 9, 2026, aims to help shareholders claim unpaid dividends and update their compliance details to prevent automatic transfer of funds to the IEPF Authority.

Campaign Overview and Timeline

The IEPF Authority issued a circular dated March 27, 2026, requesting companies to launch this investor awareness initiative. The campaign specifically targets shareholders with outstanding dividend payments from FY 2018-19 to FY 2023-24, emphasizing the importance of Know Your Client (KYC) compliance and related documentation updates.

Campaign Details: Information
Campaign Name: Saksham Niveshak
Duration: April 1, 2026 to July 9, 2026
Target Period: FY 2018-19 to FY 2023-24
Authority: Investor Education and Protection Fund Authority

Shareholder Action Requirements

Shareholders with unpaid or unclaimed dividends must download KYC updation forms from the company's website at www.zfindia.com/investor-service-request.php . The completed forms, along with supporting KYC documents, should be submitted to the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), located at Block-202, 2nd Floor, Akshay Complex, Near Ganesh Temple, Off Dhole Patil Road, Pune - 411 001.

For shareholders holding dematerialized shares, the process requires contacting their respective Depository Participant to update KYC, bank details, and nomination information.

Support and Contact Information

The company has established multiple channels for shareholder assistance during the campaign period:

Compliance and Prevention Measures

The campaign serves as a proactive measure to ensure shareholders receive their rightful dividends while maintaining compliance with the Companies Act, 2013. By updating their details and claiming unpaid dividends, shareholders can prevent the automatic transfer of their shares and dividend amounts to the IEPF Authority, which occurs when dividends remain unclaimed for the statutory period.

Historical Stock Returns for ZF Steering Gear

1 Day5 Days1 Month6 Months1 Year5 Years
-3.30%-2.44%-2.44%-2.44%-2.44%-2.44%

Will other automotive companies follow ZF Steering Gear's proactive approach to launch similar investor awareness campaigns?

How might the success rate of this campaign influence IEPF Authority's future policy decisions regarding unclaimed dividend recovery?

What impact could improved KYC compliance have on ZF Steering Gear's shareholder engagement and corporate governance ratings?

ZF Steering Gear (India) Limited Confirms Non-Applicability of Large Corporate Framework Under SEBI Guidelines

1 min read     Updated on 13 Apr 2026, 08:52 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

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 Day5 Days1 Month6 Months1 Year5 Years
-3.30%-2.44%-2.44%-2.44%-2.44%-2.44%

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?

More News on ZF Steering Gear

1 Year Returns:-2.44%