
Board Meeting24 Jul 2026, 12:16 pm
ZF Steering Gear Board Approves Unaudited Financial Results
AI Summary
ZF Steering Gear (India) Limited announced that its Board of Directors met on July 24, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board also reviewed the Limited Review Reports from the statutory auditors. Additionally, the Board of its wholly-owned subsidiary, DriveSys Systems Private Limited, decided to revise upward the project cost for its Aluminium Project from ₹100 crore to ₹150 crore. This revision is due to the addition of equipment for enhanced value addition and proposed expansion of project capacity, including land acquisition. The holding company's Board has consented to this revision.
Key Highlights
- Board approved unaudited standalone and consolidated financial results for Q1 FY27.
- Limited Review Reports from auditors were also approved.
- Subsidiary DriveSys Systems revises Aluminium Project cost upwards.
- Project cost increased from ₹100 crore to ₹150 crore.
- Revision includes enhanced value addition and capacity expansion.
Price Impact
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