ZF Steering Gear India Ltd. Clarifies Delay in Disclosure of Income Tax Orders

ZF Steering Gear India Ltd. has clarified the delay in disclosing intimation received on March 30, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015. The company received orders from the Income Tax Department on March 27, 2026, via email, which comprised multiple emails for each assessment year separately, each containing detailed orders of around 50+ pages. The company undertook a detailed review and verification process to ensure accuracy and completeness of information before making any public disclosure. The disclosure was made on March 30, 2026, at 12.34 p.m, after the completion of the review and internal discussions. The orders did not result in any incremental financial impact on the Company as adequate provisions had already been made in the books and IT Demands already paid in earlier financial years.