ZF Steering Gear Shareholders Approve Reclassification of Three Promoters to Public Category

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:

Promoter Name	Number of Shares	% of Paid-up Equity Capital
Mrs. Amita Jinendra Munot	147,215	1.62
Mr. Piyush Jinendra Munot	116,235	1.28
Mr. Yash Munot	112,350	1.24

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.05%	-0.92%	-17.05%	-28.92%	-45.94%	+142.10%

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:

Name	Previous Category	New Category
Mrs. Amita Jinendra Munot	Promoter/Promoter Group	Public
Mr. Piyush Jinendra Munot	Promoter/Promoter Group	Public
Mr. Yash Munot	Promoter/Promoter Group	Public

Implications and Next Steps

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

The reclassified individuals will now be considered public shareholders of the company.
ZF Steering Gear (India) Limited will reflect this change in its next quarterly shareholding pattern, due for December 31, 2025.
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.