ZF Steering Gear (India) Limited has received a significant update regarding its shareholding structure. The Bombay Stock Exchange (BSE) has granted approval for the reclassification of three individuals from the Promoter/Promoter Group category to Public Shareholders.

Key Details of the Reclassification

The company received a no-objection letter from BSE Limited on October 10, 2025, approving the reclassification under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The individuals affected by this change are:

Implications and Next Steps

This reclassification marks a significant change in the company's shareholding structure. As per the regulatory requirements:

1. The reclassified individuals will now be considered public shareholders of the company.
2. ZF Steering Gear (India) Limited will reflect this change in its next quarterly shareholding pattern, due for December 31, 2025.
3. The update will be filed under Regulation 31 of the SEBI LODR Regulations.

Regulatory Compliance

The company's move to reclassify these shareholders aligns with the regulatory framework set by the Securities and Exchange Board of India (SEBI). This change ensures transparency in the company's shareholding pattern and adheres to the evolving corporate governance standards in India.

ZF Steering Gear (India) Limited's proactive approach in updating its shareholding structure demonstrates its commitment to regulatory compliance and transparent corporate practices.

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.