ZF Commercial Vehicle Control Systems India Limited , a key player in the automotive components sector, has announced significant changes to its board of directors and committee structure, effective November 2025.

Board Restructuring

The company disclosed that Dr. Christian Brenneke has resigned from his position as Non-Executive Non-Independent Director. Dr. Brenneke's resignation will take effect from the close of business hours on November 4, 2025. The company stated that his decision to step down is due to personal and professional commitments, particularly his role as Head of U-Division (Electronic and ADAS) at ZF Group.

New Appointment

Following Dr. Brenneke's departure, the board has appointed Mr. Ivan Brajdic as an Additional Director in a Non-Executive Non-Independent capacity. Mr. Brajdic's appointment will be effective from November 5, 2025. This decision was based on the recommendation of the company's Nomination and Remuneration Committee.

Profile of the New Director

Mr. Brajdic brings a wealth of experience to his new role:

• Over 25 years of experience in high-tech automotive products
• Currently serves as the Managing Director of ZF CVS Systems Global GmbH, a position he has held since October 2024
• Extensive background in global leadership positions, with responsibility for cross-functional and multicultural teams
• Known for his strengths in strategic thinking, result orientation, and intercultural competence

Regulatory Compliance

The company has confirmed that Mr. Brajdic is not debarred from holding a directorship by any regulatory authority, ensuring compliance with corporate governance norms.

Committee Restructuring

ZF Commercial Vehicle Control Systems India has announced a comprehensive reconstitution of its board committees, effective November 5, 2025:

1. Audit Committee: Dr. Orlik Lars replaces Mr. Christian Brenneke
2. Nomination & Remuneration Committee: Mr. Neeraj Sagar becomes the new Chairman
3. Stakeholders Relationship Committee: Ms. Amrita Verma Chowdhury takes over as Chairperson
4. Corporate Social Responsibility Committee: Changes in membership (specific details not provided)
5. Risk Management Committee: Ms. Rashmi Urdhwareshe becomes the new Chairperson

These changes reflect the company's commitment to maintaining a diverse and experienced board to guide its strategic direction in the automotive components and allied services sector.

Shareholder Approval

The board has approved the conduct of a Postal Ballot to seek shareholders' approval for Mr. Ivan Brajdic's appointment as a Non-Executive & Non-Independent Director. The cut-off date for determining members entitled to participate in this process is set for November 14, 2025.

The board meeting where these decisions were made was held on November 4, 2025.

ZF Commercial Vehicle Control Systems India Limited (ZF CVCS India) has reported a slight dip in its financial performance for the second quarter of fiscal year 2026, as per the company's latest financial results.

Financial Highlights

The company's revenue for Q2 FY26 stood at 9.02 billion rupees, marginally lower than the 9.06 billion rupees recorded in the same quarter of the previous fiscal year. Net profit saw a slight decrease to 1.06 billion rupees, down from 1.09 billion rupees year-over-year.

EBITDA and Margin Compression

ZF CVCS India's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) dropped to 1.32 billion rupees from 1.39 billion rupees in the corresponding quarter of the previous year. This decline in EBITDA resulted in a compression of the EBITDA margin, which fell to 14.65% from 15.38% year-over-year.

Half-Yearly Performance

For the first half of FY26, the company reported:

Despite the quarterly dip, the half-yearly figures show a slight improvement in both revenue and net profit compared to the same period in the previous fiscal year.

Management Changes

The company has announced changes in its board composition:

• Dr. Christian Brenneke has resigned as Non-Executive Non-Independent Director, effective from November 4, 2025.
• Mr. Ivan Brajdic has been appointed as an Additional Director (Non-Executive & Non-Independent), effective from November 5, 2025.

ZF CVCS India continues to navigate the challenging automotive components market, maintaining a stable financial position despite the slight decline in quarterly performance. The company's focus remains on adapting to market conditions and maintaining its position in the automotive components and allied services sector.