ZF Commercial Vehicle Control Systems India Limited has successfully completed its 10th postal ballot process for the appointment of Mr. Ivan Brajdic as a Non-Executive Non-Independent Director. The company conducted remote e-voting between November 19, 2025, and December 18, 2025, achieving overwhelming shareholder approval with 99.94% votes in favor of the resolution.

Postal Ballot Process and Compliance

The postal ballot was conducted under Section 110 of the Companies Act, 2013, and Rule 22 of the Companies (Management and Administration) Rules, 2014. The Board of Directors approved the postal ballot proposal at their meeting held on November 4, 2025, appointing Mr. G Karthikeyan, Partner at RSGK Associates, as the Scrutinizer for conducting the process.

Voting Results and Shareholder Participation

The ordinary resolution for appointing Mr. Ivan Brajdic (DIN: 11347495) as a Non-Executive Non-Independent Director received exceptional support from shareholders. A total of 387 members participated in the remote e-voting process, with all votes considered valid.

Director Appointment Details

Mr. Ivan Brajdic was initially appointed as an Additional Director (Non-executive and Non-independent) by the Board of Directors with effect from November 5, 2025. Following the successful postal ballot, his appointment as a Non-Executive Non-Independent Director, liable to retire by rotation, became effective from December 18, 2025.

Corporate Governance and Regulatory Adherence

The company maintained strict compliance with regulatory requirements throughout the process. The postal ballot notice was published in Business Standard (English) and Makkal Kural (Tamil) newspapers on November 19, 2025. The process excluded voting rights on 442 equity shares in the Unclaimed Suspense Account and 53,031 equity shares transferred to the Investor Education and Protection Fund Authority.

Managing Director Mr. Paramjit Singh Chadha declared the postal ballot concluded and directed the Company Secretary to disseminate the results to stock exchanges and stakeholders, demonstrating the company's commitment to transparency and corporate governance standards.

ZF Commercial Vehicle Control Systems India Limited (ZFCV India) has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Ivan Brajdic as a Non-Executive Non-Independent Director. The company is conducting this process in compliance with regulatory requirements.

Key Details of the Postal Ballot

• Appointment Proposal: Mr. Ivan Brajdic (DIN: 11347495) to be appointed as a Non-Executive Non-Independent Director
• Voting Period: November 19, 2025 to December 18, 2025
• Voting Method: Remote e-voting through National Securities Depository Limited (NSDL)
• Results Announcement: On or before December 22, 2025

About the Proposed Director

Mr. Ivan Brajdic brings significant experience to the board:

• Current Role: Senior Vice President – Research & Development (R&D) in ZF Group – CVS Division
• Experience: 25 years in high-tech products and R&D, including 15 years in global leadership positions
• Education: Mechanical Engineering from the University of Stuttgart, Germany
• Previous Positions: Held leadership roles at Ricardo GmbH, Mercedes-AMG GmbH, and Daimler Chrysler AG

Appointment Details

• Appointment Date: Initially appointed as Additional Director effective November 5, 2025
• Shareholder Approval: Required within three months of appointment as per SEBI regulations
• Board Recommendation: The Board recommends passing the resolution as an ordinary resolution

Voting Process

Shareholders can cast their votes electronically through the NSDL e-voting system. The company has provided detailed instructions for various categories of shareholders, including those holding shares in demat mode with NSDL or CDSL, and those holding shares in physical form.

Corporate Governance Compliance

ZFCV India has ensured compliance with regulatory requirements:

• Received necessary disclosures and declarations from Mr. Brajdic
• Obtained a notice from a member under Section 160 of the Companies Act, 2013
• Disclosed all material information as per SEBI Listing Regulations and Secretarial Standards

This postal ballot process demonstrates ZFCV India's commitment to corporate governance and shareholder participation in key decisions. The appointment of Mr. Brajdic, with his extensive experience in R&D and global leadership, may contribute to the company's strategic direction in the commercial vehicle control systems sector.