ZF Steering Gear (India) Reports Mixed Results for FY 2024-25
ZF Steering Gear (India) Limited reported a 1.05% increase in revenue to Rs. 492.86 crore for FY 2024-25, but net profit declined by 28.98% to Rs. 33.89 crore. The company saw growth in power steering system sales but faced challenges from lower other income, increased fixed costs, and higher finance costs. No dividend was recommended as the company allocates Rs. 94.00 crore towards expansion and diversification through subsidiaries, including Rs. 72.00 crore for new business lines such as aluminum extrusion and electric equipment components.
05Aug 25
ZF Steering Gear (India) Receives Reclassification Requests from Three Promoters
Three promoters of ZF Steering Gear (India) Limited have requested reclassification from 'Promoter' to 'Public' category. Mrs. Amita Jinendra Munot (1.62% shareholding), Mr. Piyush Jinendra Munot (1.28%), and Mr. Yash Munot (1.24%) have submitted requests citing compliance with SEBI regulations. They hold less than 10% voting rights each, have no control over company affairs, and possess no special rights or board representation. The reclassification requires approvals from the company's Board, shareholders, and BSE Limited.
26Jul 25
ZF Steering Gear India Reports Q1 Results, Schedules AGM for September
ZF Steering Gear (India) Limited reported Q1 FY24 standalone revenue of Rs. 130.93 crores, up from Rs. 127.89 crores year-over-year. Net profit after tax was Rs. 11.95 crores. The company's 45th AGM is scheduled for September 8. A strategic move involves transferring leasehold rights of factory land between subsidiaries, aligning with plans to enter the Aluminium Extrusion business.
18Mar 25
Z F Steering Gear (India) Invests ₹4.87 Crore in Subsidiary Metacast Auto Through Rights Issue
Z F Steering Gear (India) Limited has invested ₹4.87 crore in its subsidiary Metacast Auto Private Limited through a rights issue. The company subscribed to 4.05 million equity shares at ₹12 per share, maintaining its 51% stake. The investment aims to help Metacast repay existing loans and fund operating expenses. Metacast's authorized and paid-up capital has increased to ₹8 crore, with ownership split between Z F Steering Gear (51%) and Supreme Iron (India) Private Limited (49%).