ZF Commercial Vehicle Control Systems India Ltd

ZF Commercial Vehicle Control Systems India Ltd has received a favorable order from the Commissioner (Appeals), setting aside a demand of Rs. 1,79,04,715/- (IGST) and a penalty of Rs. 17,90,472/-. This demand was originally imposed by the Commissioner of CGST & Central Excise, Jamshedpur, for alleged excess/irregular/ineligible Input Tax Credit (ITC) availed and utilized for FY 2020-21. The appellate authority accepted the company's appeal, confirming that there was no excess availment of ITC. The company stated that this favorable order has no material impact on its financial position, operations, or other activities.

ZF Commercial Vehicle Control Systems (CVCS) India Ltd has achieved NABL accreditation for its Hemi Anechoic Chamber Testing Laboratory, located at its proving ground near Chennai. This accreditation, in accordance with ISO/IEC 17025:2017, signifies the laboratory's technical competence and adherence to global standards for Noise, Vibration, and Harshness (NVH) testing. The facility is one of the few NABL-accredited chambers in India, enhancing ZF's advanced engineering and validation capabilities. This strengthens its ability to support domestic and global vehicle platforms, including conventional and electrified technologies, across various vehicle segments. The accreditation is valid until July 2030.

ZF Commercial Vehicle Control Systems India Ltd has announced the closure of its trading window for directors, designated persons, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut from October 01, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended September 30, 2026. The specific date of the board meeting to approve these results will be communicated later. Insiders are advised against trading the company's securities during this period.

ZF Commercial Vehicle Control Systems India Ltd has received a favorable order from the Income Tax Appellate Tribunal (ITAT), Chennai Bench. The ITAT has allowed the company's appeal and set aside a tax demand of Rs. 1.17 crore for Assessment Year 2022-23. This demand was primarily related to transfer pricing adjustments and disallowance of scientific research expenditure, previously upheld by the National Faceless Assessment Unit. The company confirms there is no material impact on its financial position or operations.

ZF Commercial Vehicle Control Systems India Ltd has announced the resignation of Mr. Ponraj Pandian, Senior General Manager – Sourcing and Purchasing. The resignation is due to personal reasons and has been accepted by the company. Mr. Pandian will be relieved from his duties effective close of business hours on September 15, 2026. The company has complied with SEBI LODR regulations in reporting this change.

ZF Commercial Vehicle Control Systems India Ltd has appointed Mr. Rakesh Mishra as its new Chief Financial Officer (CFO), effective September 1, 2026. Mr. Mishra brings over 30 years of experience in finance and leadership roles within global technology and engineering companies. His appointment follows SEBI Listing Regulations and is a key management change for the company.

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.