ZF Steering Gear India Ltd Board Approves Unaudited Financial Results
ZF Steering Gear (India) Limited announced that its Board of Directors has approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The board meeting, held on July 24, 2026, also reviewed the Limited Review Reports from the statutory auditors. Additionally, the Board of Directors of the wholly-owned subsidiary, DriveSys Systems Private Limited, revised the project cost for its Aluminium Project upwards from ₹100 crore to ₹150 crore. This revision is due to the addition of equipment for enhanced value addition and facilities for integrated aluminium value chain operations, as well as the acquisition of adjacent land for project expansion. 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 statutory auditors were also approved.
- Subsidiary DriveSys Systems revises Aluminium Project cost to ₹150 crore.
- Cost revision includes enhanced value addition equipment and land acquisition.
- Holding company's board has consented to the project cost revision.
Price Impact
More from ZFSTEERING