Joint Venture26 Jul 2025, 01:12 pm
ZF Steering Gear India Ltd. Approves Sale of Factory Land and Building to Wholly Owned Subsidiary
AI Summary
ZF Steering Gear India Ltd. has approved the sale of factory land and building to its wholly owned subsidiary, DriveSys Systems Private Limited, at an arm's length price. The facility, situated at NexSteer Systems Private Limited, is proposed to be used for Aluminium Extrusion and Melting operations. The Register of Members and the Share Transfer Books of the Company will be closed from September 2, 2025 to September 8, 2025 for the 45th AGM. The company also reported its unaudited standalone and consolidated financial results for the quarter ended on June 30, 2025.
Key Highlights
- ZF Steering Gear India Ltd. has approved the sale of factory land and building to its wholly owned subsidiary, DriveSys Systems Private Limited.
- The facility is proposed to be used for Aluminium Extrusion and Melting operations.
- The Register of Members and the Share Transfer Books of the Company will be closed from September 2, 2025 to September 8, 2025 for the 45th AGM.
- The company reported its unaudited standalone and consolidated financial results for the quarter ended on June 30, 2025.