New Launch13 Feb 2026, 10:13 am
ZF Steering Gear India's Subsidiary Identified as Material Subsidiary from 2026
AI Summary
Pursuant to Regulation 16(1)(c) of the Listing Regulations, Metacast Auto Private Limited, a subsidiary of ZF Steering Gear (India) Limited, has been identified as a Material Subsidiary of the Company with effect from February 12, 2026. This identification is based on the criterion that the turnover of Metacast has exceeded 10% of the consolidated turnover of ZF India. Both companies will ensure that the necessary disclosures, governance norms, and compliance requirements for Material Subsidiary are adhered to.
Key Highlights
- Metacast Auto Private Limited identified as Material Subsidiary of ZF Steering Gear (India) Limited
- Identification effective from February 12, 2026
- Identification based on Metacast's turnover exceeding 10% of ZF India's consolidated turnover
- Both companies to adhere to disclosure, governance norms, and compliance requirements for Material Subsidiary