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Latest news about ZF Steering Gear

ZF Steering Gear (India) Limited Confirms Non-Applicability of Large Corporate Framework Under SEBI Guidelines 9 days ago

ZF Steering Gear (India) Limited has confirmed to BSE that it does not qualify as a Large Corporate under SEBI's framework due to nil outstanding long-term borrowings as on March 31, 2026. The company maintains an ICRA A+ credit rating and is therefore exempt from the provisions related to fund raising by debt securities issuance under the Large Corporate guidelines.

ZF Steering Gear (India) Limited Opens Special Window for Physical Share Transfer Requests 9 days ago

ZF Steering Gear Submits Q4FY26 SEBI Compliance Certificate for Dematerialization Apr 06, 2026

ZF Steering Gear Clarifies Disclosure Delay Following Tax Deduction Claims Ruling Apr 02, 2026

ZF Steering Gear Completes MIDC Lease Assignment Between Subsidiaries Mar 19, 2026

More news about ZF Steering Gear

31Jan 26

ZF Steering Gear Q3FY26 Results: Net Profit Surges 216% to ₹11.50 Crores

ZF Steering Gear delivered outstanding Q3FY26 financial performance with net profit jumping 216% to ₹11.50 crores and revenue increasing 20% to ₹140.49 crores. The auto components segment led growth while EBITDA margins expanded significantly to 12.16%, demonstrating enhanced operational leverage and market positioning.

09Jan 26

ZF Steering Gear Subsidiary Drivesys Systems Expands Operations with New Deals and Factory Acquisitions in Maharashtra

Drivesys Systems, a subsidiary of ZF Steering Gear (India), has signed strategic deals with Om Tejshree and Microtech while acquiring two factory locations on sub-lease in Maharashtra. These developments represent significant expansion initiatives combining strategic partnerships with infrastructure growth, positioning the subsidiary for enhanced operational capabilities and market presence in one of India's key industrial states.

09Jan 26

ZF Steering Gear Subsidiary Acquires Two Factory Premises for Electrical Division Manufacturing

ZF Steering Gear (India) Limited's wholly owned subsidiary, DriveSys Systems Private Limited, has acquired two adjacent factory premises in MIDC, Ahilyanagar Industrial Area, Maharashtra through 15-year sub-lease agreements with M/s. Om Tejshree Technologies and M/s. Microtech Industries. The combined facilities span 2,778 square meters of plot area with 1,157 square meters of built-up space, designated for manufacturing operations of the subsidiary's new Electrical Division. Operations are expected to commence in Q4 of FY 2025-26, supporting the company's expansion into electric equipment components business.

01Jan 26

ZF Steering Gear India Files MIDC Application for Leasehold Rights Transfer Between Subsidiaries

ZF Steering Gear (India) Limited has informed BSE that its subsidiary NexSteer Systems Private Limited submitted an application to MIDC for assignment of leasehold rights of Plot E-3/2 at MIDC Supa Parner Industrial Park, Ahilyanagar, to sister subsidiary DriveSys Systems Private Limited. The transaction, intended for DriveSys's aluminium project, will be executed at arm's length price subject to MIDC approval, with no financial impact on the parent company as both are wholly owned subsidiaries and NexSteer has not started operations.

31Dec 25

ZF Steering Gear India Subsidiary Secures ₹151 Crore Renewable Energy Contract

ZF Steering Gear India announced that its subsidiary has secured a significant ₹151 crore contract for manufacturing renewable energy components, representing a strategic expansion beyond the company's traditional automotive steering systems business. This diversification into the clean energy sector demonstrates the company's ability to adapt its engineering capabilities to serve India's growing renewable energy infrastructure demands.

02Dec 25

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 to the 'Public Shareholder' category through a postal ballot. The reclassification affects Mrs. Amita Jinendra Munot (1.62% stake), Mr. Piyush Jinendra Munot (1.28% stake), and Mr. Yash Munot (1.24% stake). The resolution passed with 99.97% votes in favor, aligning with SEBI regulations. This change impacts the company's shareholding structure but does not alter the actual shareholding of these individuals.

06Nov 25

ZF Steering Gear India Reports Q2 FY2026 Financial Results with Mixed Performance

ZF Steering Gear India Limited announced its Q2 FY2026 financial results. Net profit decreased by 33% to ₹40 million, while revenue from automotive components increased by 5.18% to ₹115.54 crores. The company's renewable energy segment contributed ₹4.10 crores. Despite revenue growth in the automotive segment, the company faced profitability challenges, reflecting industry-wide pressures in the automotive components sector.

11Oct 25

ZF Steering Gear (India) Secures BSE Approval for Reclassification of Promoter Group Members

ZF Steering Gear (India) Limited has obtained approval from the Bombay Stock Exchange (BSE) to reclassify three individuals from the Promoter/Promoter Group category to Public Shareholders. The reclassification affects Mrs. Amita Jinendra Munot, Mr. Piyush Jinendra Munot, and Mr. Yash Munot. The company received a no-objection letter from BSE on October 10, 2025, under Regulation 31A of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This change will be reflected in the company's quarterly shareholding pattern due for December 31, 2025.

11Sept 25

ZF Steering Gear (India) Files Application for Promoter Reclassification, Affecting 3.14% Shareholding

ZF Steering Gear (India) Limited has applied to BSE Limited for reclassification of three promoters from 'Promoter' to 'Public' category. The request involves Mrs. Amita Jinendra Munot (1.62% shareholding), Mr. Piyush Jinendra Munot (1.28% shareholding), and Mr. Yash Munot (1.24% shareholding), collectively holding 3.14% of the company's shares. The company's board approved the request on September 8, 2025, and the application was filed with BSE on September 11, 2025. This move complies with SEBI regulations and could impact the company's ownership structure if approved.

08Sept 25

ZF Steering Gear Board Approves Reclassification of Three Promoters to Public Shareholders

ZF Steering Gear (India) Limited's Board has approved the reclassification of three promoters' shareholdings from 'Promoter/Promoter Group' to 'Public Shareholder(s)' category. The promoters, holding a combined 4.14% stake, meet SEBI's regulatory conditions for reclassification. This decision is subject to approval from BSE Limited and company shareholders. If approved, it will reduce the promoter group's shareholding and potentially increase the public float.

12Aug 25

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%).