ZF Steering Gear (India) Limited , a prominent player in the automotive steering systems sector, has taken a significant step towards restructuring its shareholding pattern. The company has submitted an application to BSE Limited seeking approval for the reclassification of three promoters from the 'Promoter' category to the 'Public' category.

Reclassification Details

The reclassification request involves three key individuals:

1. Mrs. Amita Jinendra Munot, holding 1,47,215 shares (1.62% shareholding)
2. Mr. Piyush Jinendra Munot, holding 1,16,235 shares (1.28% shareholding)
3. Mr. Yash Munot, holding 1,12,350 shares (1.24% shareholding)

Collectively, these three promoters account for 3,75,800 shares, representing 3.14% of the company's total shareholding.

Timeline of Events

Regulatory Compliance

The company has made this disclosure in accordance with Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move demonstrates ZF Steering Gear (India) Limited's commitment to transparency and adherence to regulatory requirements.

Impact and Next Steps

While the reclassification affects only 3.14% of the company's shareholding, it represents a notable change in the company's ownership structure. The reclassification, if approved, would move these shares from the 'Promoter' category to the 'Public' category, potentially impacting the overall promoter holding of the company.

Investors and market watchers will be keenly observing the BSE's response to this application. The approval process and its outcome could have implications for the company's governance structure and market perception.

ZF Steering Gear (India) Limited has assured stakeholders that this disclosure is available on the company's official website ( www.zfindia.com ) for public reference. As the situation develops, further updates are expected from the company regarding the BSE's decision on the reclassification application.

Note: The company's BSE Scrip Code is 505163.

ZF Steering Gear (India) Limited 's Board of Directors has approved the reclassification of three promoters' shareholdings from the 'Promoter/Promoter Group' category to 'Public Shareholder(s)' category. This decision, made during a board meeting on September 8, 2025, marks a significant change in the company's shareholding structure.

Details of the Reclassification

The three promoters seeking reclassification are:

1. Mrs. Amita Jinendra Munot, holding 1,47,215 shares (1.62% shareholding)
2. Mr. Piyush Jinendra Munot, holding 1,16,235 shares (1.28% shareholding)
3. Mr. Yash Munot, holding 1,12,350 shares (1.24% shareholding)

Collectively, these promoters hold 3,75,800 shares, representing 4.14% of the company's total equity.

Regulatory Compliance

The Board determined that all three promoters meet the regulatory conditions set by SEBI (LODR) Regulations, 2015, including:

• Holding less than 10% of the total voting rights in the company
• Not exercising control over the company's affairs, directly or indirectly
• Having no special rights through formal or informal arrangements
• Not holding any board positions or acting as key managerial personnel
• Not being declared as 'wilful defaulters' or 'fugitive economic offenders'
• Having no pending regulatory actions against them

Next Steps

The reclassification is subject to approval from:

1. BSE Limited (the Stock Exchange)
2. Shareholders/Members of the company

Impact on Shareholding Structure

If approved, this reclassification will result in a reduction of the promoter group's shareholding in ZF Steering Gear (India) Limited. The move could potentially increase the public float of the company's shares, which may have implications for market liquidity and institutional investment thresholds.

Company Background

ZF Steering Gear (India) Limited is a key player in the automotive sector, specializing in steering systems. The company recently held its 45th Annual General Meeting on September 8, 2025, where it discussed its financial performance, new projects, and industry outlook.

This reclassification request comes at a time when the company is focusing on growth and expansion, as evidenced by the updates on new projects being undertaken through its subsidiaries, mentioned during the recent AGM.

The board's decision to approve this reclassification request demonstrates the company's commitment to maintaining transparency and adhering to regulatory requirements in its corporate governance practices.