ZF Commercial Vehicle Control Systems India Ltd

ZF Commercial Vehicle Control Systems India Limited has received a show cause notice from the Office of the Commissioner of GST & Central Excise, Audit-I Commissionerate, Chennai. The notice, dated August 11, 2026, pertains to an audit conducted under Section 65 of the CGST Act, 2017, for the period April 2020 to March 2024. It proposes a demand of ₹27,99,29,495 primarily due to excess availment of Input Tax Credit (ITC), ineligible ITC, and import-related ITC discrepancies. The notice also proposes a penalty under Section 74 of the CGST Act. The company stated that there is no material impact on its financials, operations, or other activities and is in the process of filing a detailed response.

ZF Commercial Vehicle Control Systems India Ltd (ZF CVCS India) has secured Electronic Stability Control (ESC) business nominations from three major Indian commercial vehicle OEMs. These multi-year domestic programs cover truck platforms across 24V and 12V architectures, with production scheduled to start in Q3 2027. The ESCsmart™ solution will be locally assembled and supplied, aligning with India's upcoming mandatory ESC regulations for trucks from October 1, 2027. This move signifies ZF CVCS India's leadership in active safety and its readiness to support the industry's transition to enhanced safety standards.

ZF Commercial Vehicle Control Systems India Ltd has announced the appointment of two Key Managerial Personnel (KMPs). Mr. Rakesh Mishra has been appointed as the Chief Financial Officer (CFO) effective September 1, 2026. Ms. C V Kavviya has been appointed as the Whole-Time Company Secretary and Compliance Officer effective July 25, 2026, continuing her interim role as Compliance Officer. These appointments are made pursuant to SEBI Listing Regulations and the Companies Act, 2013.

ZF Commercial Vehicle Control Systems India Ltd announced that its Board of Directors, in a meeting held on July 24, 2026, approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. The company also appointed Mr. Rakesh Mishra as the Chief Financial Officer (CFO) effective September 1, 2026, and Ms. C V Kavviya as the Whole-Time Company Secretary and Compliance Officer effective July 25, 2026. Ms. Kavviya continues her tenure as Compliance Officer, having been appointed on an interim basis earlier. The board meeting commenced at 12:33 HRS and concluded at 13:32 HRS.

ZF Commercial Vehicle Control Systems India Ltd announced that its Board of Directors met on July 24, 2026. The board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with their limited review reports. Additionally, the company announced the appointment of Mr. Rakesh Mishra as the Chief Financial Officer, effective September 1, 2026, and Ms. C V Kavviya as the Whole-Time Company Secretary and Compliance Officer, effective July 25, 2026.

ZF Commercial Vehicle Control Systems India Ltd has announced that its Board of Directors meeting is scheduled for July 24, 2026. The primary agenda item is to consider and approve the unaudited financial results, both standalone and consolidated, for the quarter ended June 30, 2026. The company will submit these results immediately after the meeting and publish them in newspapers as per SEBI regulations. The trading window for company securities will remain closed for insiders until 48 hours after the results declaration.

ZF Commercial Vehicle Control Systems India Ltd has issued a notice for its 22nd Annual General Meeting (AGM) to be held on Friday, July 24, 2026, at 15:00 IST via Video Conferencing/Other Audio-Visual Means. The agenda includes adopting the Audited Financial Statements for FY26, declaring a dividend of ₹4 per share for FY26, re-appointing Mr. Akash Passey as a Director, and ratifying the remuneration of M/s. Jayaram & Associates as Cost Auditors for FY27. Additionally, Ms. Claudia Christina Jehle's appointment as an Additional Director will be regularized.

ZF Commercial Vehicle Control Systems India Ltd has filed its Business Responsibility and Sustainability Report (BRSR) along with an Independent Limited Assurance Statement for the Financial Year 2025-26. The report, provided by SGS India Private Limited, covers the company's ESG performance and disclosures as per SEBI regulations. The company's primary business activities include manufacturing automotive components, spares, and software services, contributing 72.59%, 14.25%, and 11.40% of turnover, respectively. ZF CVCS operates across 26 states and 4 union territories in India and exports to 18 countries, with exports accounting for 36.61% of its total turnover. The company employs 1,999 permanent employees and 492 permanent workers.

ZF Commercial Vehicle Control Systems India Ltd has released its 3rd Integrated Annual Report for the Financial Year ended March 31, 2026. The report, which includes the Business Responsibility and Sustainability Report and the Notice for the 22nd AGM, is being sent electronically to shareholders. It details the company's performance across financial, manufactured, intellectual, human, social, and natural capital, guided by frameworks like IIRC, UN SDGs, GRI, and SEBI's BRSR. The report highlights the company's theme of 'Safe, Sustainable and Intelligent' solutions and has undergone external assurance for sustainability disclosures.

ZF Commercial Vehicle Control Systems India Ltd announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel, Ms. Sweta Agarwal. Her resignation is effective from the close of business hours on June 30, 2026. The company has accepted her resignation, which was tendered on May 13, 2026. Ms. Agarwal stated her decision to resign is professional in nature and expressed appreciation for her tenure with the company.