ZF Steering Gear India Limited, a prominent player in the automotive components sector, has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The Board of Directors approved these results at their meeting held on November 6, 2025.

Financial Performance Overview

The company's performance shows a mixed picture across various financial metrics:

All financial figures are in crore rupees, except Net Profit which is in million rupees.

Key Highlights

• Segment Performance: The company operates in two segments: Automotive Components and Renewable Energy. The automotive components segment generated revenue of Rs. 115.54 crores for the quarter, compared to Rs. 129.63 crores in the previous quarter and Rs. 109.85 crores in the same quarter last year.

• Renewable Energy Segment: The renewable energy segment contributed Rs. 4.10 crores in revenue for the quarter.

• Consolidated Results: The consolidated results include three subsidiaries: Drivesys Systems Private Limited, Nexsteer Systems Private Limited, and Metacast Auto Private Limited.

• Audit Opinion: The statutory auditors have issued an unmodified opinion on both standalone and consolidated results.

Industry Context

The automotive components sector has been facing challenges due to various factors including global supply chain disruptions and fluctuating demand in the automotive market. ZF Steering Gear India's performance reflects these industry-wide pressures, as evidenced by the decline in profitability despite maintaining revenue growth in its automotive components segment.

Looking Ahead

While the company has experienced a significant drop in net profit, the increase in revenue from the automotive components segment suggests that ZF Steering Gear India is maintaining its market position. The addition of the renewable energy segment may provide diversification benefits in the future.

Investors and stakeholders will be watching closely to see how the company navigates the current market challenges and implements strategies to improve profitability in future quarters.

ZF Steering Gear (India) Limited shareholders have approved the reclassification of three promoters from the 'Promoter/Promoter Group' category to the 'Public Shareholder' category through a postal ballot. This decision marks a significant change in the company's shareholding structure and governance framework.

Approved Reclassification

The shareholders approved the reclassification of the following individuals:

Voting Outcome

The resolution for reclassification was passed with an overwhelming majority, receiving 99.97% votes in favor.

Regulatory Compliance

This reclassification aligns with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ZF Steering Gear had previously received a no-objection letter from BSE Limited, allowing the company to proceed with obtaining shareholder approval.

Implications

The approved reclassification will affect the company's shareholding structure. However, it's important to note that the reclassification itself does not involve any change in the actual shareholding of these individuals.

The reclassified promoters will now be categorized as public shareholders, which may have implications for the company's compliance with listing regulations and future corporate actions.

ZF Steering Gear has emphasized that this reclassification is part of its ongoing efforts to ensure transparency and compliance with regulatory requirements in its shareholding structure.

Shareholders and investors should take note of this change in the company's promoter structure and its potential impact on the company's governance and regulatory compliance.