Bonus13 May 2026, 06:21 pm
ZF Commercial India Board Approves Bonus Share Issuance
AI Summary
The Board of Directors of ZF Commercial Vehicle Control Systems India Ltd approved the issuance of bonus equity shares, subject to shareholder approval. The board also approved the audited financial results for the year ended March 31, 2026, recommended a dividend of ₹4 per share, and approved investments in its wholly-owned subsidiary, ZF CV Control Systems Manufacturing India Private Limited. The Annual General Meeting is scheduled for July 24, 2026, with a record date of July 10, 2026.
Key Highlights
- Board approves bonus equity share issuance, pending shareholder approval.
- Dividend of ₹4 per share recommended for FY26, payable by August 22, 2026.
- AGM scheduled for July 24, 2026; record date set as July 10, 2026.
- Investment approved in ZF CV Control Systems Manufacturing India Private Limited via rights issue.
- Increase in authorized share capital to ₹60 Crores approved.