General information about company |
|
|---|---|
| Scrip Code | 505163 |
| NSE Symbol | ZFSTEERING |
| MSEI Symbol | NOTLISTED |
| ISIN | INE116C01012 |
| Name of the entity | ZF Steering Gear (India) Limited |
| Date of start of financial year | 01-Apr-2025 |
| Date of end of financial year | 31-Mar-2026 |
| Reporting Quarter | Yearly |
| Date of Quarter Ending | 31-Mar-2026 |
| Type of company | Equity |
| Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? | Yes |
| Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? | Yes |
| Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? | No |
| Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity | The company has not acquired any shares in the unlisted company during the quarter |
| Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? | Yes |
| Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? | Yes |
| Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? | No |
| Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity | There is no loan / guarantee / comfort letter / security advanced / provided directly or indirectly to promoters / promoters group / directors / KMP or any other entity controlled by them during the half year ended on March 31, 2026. Loans were given only to the subsidiary company of our Company, whose accounts are consolidated with the listed entity. |
| Risk management committee | No |
| Market Capitalisation as per immediate previous Financial Year | Top 2000 listed entities |
| Is SCORE ID Available ? | Yes |
| SCORE Registration ID | Z00015 |
| Reason For No SCORE ID | |
| Type of Submission | New |
| Remarks (website dissemination) | |
Annexure I |
||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annexure I to be submitted by listed entity on quarterly basis | ||||||||||||||||||||||||||
| I. Composition of Board of Directors |
| Disclosure of notes on composition of board of directors explanatory | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Whether the listed entity has a Regular Chairperson | Yes | |||||||||||||||||||||||||
| Whether Chairperson is related to MD or CEO | Yes | Disqualification of Directors under section 164 of the Companies Act, 2013 | ||||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Reason for Cessation | Notes for not providing PAN | Notes for not providing DIN |
| 1 | Mr. | Dinesh Munot | 00049801 | Executive Director | Chairperson | 08-Dec-1947 | No | Active | NA | 08-Nov-1986 | 28-Jul-2021 | 2 | 1 | 1 | 0 | |||||||||||
| 2 | Mr. | Utkarsh Munot | 00049903 | Executive Director | Not Applicable | MD | 30-Dec-1980 | No | Active | NA | 31-Oct-2006 | 19-May-2021 | 1 | 0 | 2 | 0 | ||||||||||
| 3 | Mrs. | Smita Lahoti | 08764528 | Non-Executive - Independent Director | Not Applicable | 20-Jan-1978 | No | Active | NA | 27-Jun-2020 | 27-Jun-2025 | 69.13 | 2 | 2 | 2 | 1 | ||||||||||
| 4 | Mr. | Dinesh Bothra | 00049883 | Non-Executive - Non Independent Director | Not Applicable | 01-Jun-1967 | No | Active | NA | 03-Feb-2024 | 1 | 0 | 1 | 0 | ||||||||||||
| 5 | Mr. | Rohit Rathi | 00018654 | Non-Executive - Independent Director | Not Applicable | Shareholder Director | 09-Aug-1974 | No | Active | NA | 06-Aug-2024 | 19.83 | 1 | 1 | 1 | 0 | ||||||||||
| 6 | Mr. | Shrenik Gandhi | 10929891 | Non-Executive - Independent Director | Not Applicable | 09-Sep-1986 | No | Active | NA | 01-Apr-2025 | 12 | 1 | 1 | 2 | 2 | |||||||||||
| 7 | Mr. | Bharat Agarwal | 00256915 | Non-Executive - Independent Director | Not Applicable | 07-Aug-1981 | No | Active | NA | 01-Apr-2025 | 12 | 1 | 1 | 1 | 0 | |||||||||||
Annexure 1 |
|
|---|---|
II. Composition of Committees |
|
| Disclosure of notes on composition of committees explanatory | |
Audit Committee Details |
|
|---|---|
| Whether the Audit Committee has a Regular Chairperson | Yes |
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 10929891 | Shrenik Gandhi | Non-Executive - Independent Director | Chairperson | 01-Apr-2025 | ||
| 2 | 08764528 | Smita Lahoti | Non-Executive - Independent Director | Member | 01-Aug-2020 | ||
| 3 | 00018654 | Rohit Rathi | Non-Executive - Independent Director | Member | 01-Apr-2025 | ||
| 4 | 00256915 | Bharat Agarwal | Non-Executive - Independent Director | Member | 01-Apr-2025 | ||
| 5 | 00049903 | Utkarsh Munot | Executive Director | Member | 01-Apr-2020 |
Nomination and remuneration committee |
|
|---|---|
| Whether the Nomination and remuneration committee has a Regular Chairperson | Yes |
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 00256915 | Bharat Agarwal | Non-Executive - Independent Director | Chairperson | 01-Apr-2025 | ||
| 2 | 08764528 | Smita Lahoti | Non-Executive - Independent Director | Member | 21-Apr-2022 | ||
| 3 | 00018654 | Rohit Rathi | Non-Executive - Independent Director | Member | 01-Apr-2025 | ||
| 4 | 00049883 | Dinesh Bothra | Non-Executive - Non Independent Director | Member | 15-Sep-2024 |
Stakeholders Relationship Committee |
||
|---|---|---|
| Whether the Stakeholders Relationship Committee has a Regular Chairperson | Yes | |
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 10929891 | Shrenik Gandhi | Non-Executive - Independent Director | Chairperson | 01-Apr-2025 | ||
| 2 | 00049903 | Utkarsh Munot | Executive Director | Member | 21-Apr-2022 | ||
| 3 | 00049883 | Dinesh Bothra | Non-Executive - Non Independent Director | Member | 15-Sep-2024 |
Annexure 1 |
||||||||
|---|---|---|---|---|---|---|---|---|
| III. Meeting of Board of Directors | ||||||||
| Disclosure of notes on meeting of board of directors explanatory | ||||||||
| Sr | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Notes for not providing Date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors as on date of the meeting | Number of Directors present* (All directors including Independent Director) | No. of Independent Directors attending the meeting* | |
| 1 | 06-Nov-2025 | Yes | 7 | 7 | 4 | |||
| 2 | 31-Jan-2026 | 85 | Yes | 7 | 6 | 3 | ||
Annexure 1 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| IV. Meeting of Committees | ||||||||||
| Disclosure of notes on meeting of committees explanatory | ||||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 06-Nov-2025 | Yes | 5 | 5 | 4 | 0 | |||
| 2 | Audit Committee | 31-Jan-2026 | 85 | Yes | 5 | 4 | 3 | 0 | ||
Annexure 1 |
||
|---|---|---|
| VI. Affirmations | ||
| Sr | Subject | Compliance status (Yes/No) |
| 1 | The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes |
| 2 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee | Yes |
| 3 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee | Yes |
| 4 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee | Yes |
| 5 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) | NA |
| 6 | The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 7 | The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes |
| 8 | This report and/or the report submitted in the previous quarter has been placed before Board of Directors. | Yes |
| 9 | Any comments/observations/advice of Board of Directors may be mentioned here: |
|---|
Annexure 1 |
||
|---|---|---|
| Sr | Subject | Compliance status |
| 1 | Name of signatory | Mr. Satish Mehta |
| 2 | Designation | Company Secretary and Compliance Officer |
Details of Cyber security incidence |
||
|---|---|---|
| Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter | No | |
| Other details of cyber security incidence or breaches or loss of data event | ||
| Number of cyber security incidence or breaches or loss of data event occurred during the quarter | ||
| Sr | Date of the event | Brief details of the event |
|---|
| Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year) | ||||
|---|---|---|---|---|
| I. Disclosure on website in terms of LODR Regulation | ||||
| Sr | Item | Compliance status (Yes/No/NA) | If status is No details of non-compliance may be given here. | Web address |
| 1.1 | Details of business | Yes | http://www.zfindia.com/profile/profile.php | |
| 1.2 | Memorandum of Association and Articles of Association | Yes | http://www.zfindia.com/profile/profile.php | |
| 1.3 | Brief profile of board of directors including directorship and full time positions in body corporates | Yes | http://www.zfindia.com/profile/profile.php | |
| 2 | Terms and conditions of appointment of independent directors | Yes | http://www.zfindia.com/miscellaneous.php | |
| 3 | Composition of various committees of board of directors | Yes | http://www.zfindia.com/profile/committees.php | |
| 4 | Code of conduct of board of directors and senior management personnel | Yes | http://www.zfindia.com/profile/code.php | |
| 5 | Details of establishment of vigil mechanism or whistle blower policy | Yes | http://www.zfindia.com/policies-codes.php | |
| 6 | Criteria of making payments to non-executive directors | Yes | http://www.zfindia.com/policies-codes.php | |
| 7 | Policy on dealing with related party transactions | Yes | http://www.zfindia.com/policies-codes.php | |
| 8 | Policy for determining material subsidiaries | Yes | http://www.zfindia.com/policies-codes.php | |
| 9 | Details of familiarization programmes imparted to independent directors | Yes | http://www.zfindia.com/miscellaneous.php | |
| 10 | Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances | Yes | http://www.zfindia.com/finance.php | |
| 11 | Email address for grievance redressal and other relevant details | Yes | http://www.zfindia.com/finance.php | |
| 12 | Financial results | Yes | http://www.zfindia.com/financial-results.php | |
| 13 | Shareholding pattern | Yes | http://www.zfindia.com/shareholding-pattern.php | |
| 14 | Details of agreements entered into with the media companies and/or their associates | NA | ||
| 15.1 | Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet | NA | ||
| 15.2 | Audio or video recordings and transcripts of post earnings/quarterly calls | NA | ||
| 16 | New name and the old name of the listed entity | NA | ||
| 17 | Advertisements as per regulation 47 (1) | Yes | http://www.zfindia.com/corporate-announcements.php | |
| 18 | Credit rating or revision in credit rating obtained | Yes | http://www.zfindia.com/credit-ratings.php | |
| 19 | Separate audited financial statements of each subsidiary of the listed entity | Yes | http://www.zfindia.com/financial-statements.php | |
| 20 | Secretarial compliance report | Yes | http://www.zfindia.com/annual-secreterial-compliance-report.php | |
| 21 | Materiality policy as per regulation 30 (4) | Yes | http://www.zfindia.com/policies-codes.php | |
| 22 | Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) | Yes | http://www.zfindia.com/finance.php | |
| 23 | Disclosures under regulation 30(8) | Yes | http://www.zfindia.com/corporate-announcements.php | |
| 24 | Statements of deviation(s) or variations(s) as specified in regulation 32 | NA | ||
| 25 | Dividend distribution policy as specified in regulation 43A (1) | NA | ||
| 26.1 | Annual return as provided under section 92 of the Companies Act 2013 | Yes | http://www.zfindia.com/annual-return.php | |
| 26.2 | Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021 | |||
| 27 | Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) | Yes | http://www.zfindia.com/index.php | |
| 28 | Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation | Yes | http://www.zfindia.com/index.php | |
| 29 | Disclosure of notes on website in terms of Listing Regulations explanatory | |||
Annexure II |
||||
|---|---|---|---|---|
| II. Annual Affirmations | ||||
| Sr | Particulars | Regulation Number | Compliance status (Yes/No/NA) | If status is No details of non-compliance may be given here. |
| 1 | Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility | 16(1)(b) | Yes | |
| 2 | Board Composition | 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) | Yes | |
| 3 | Meeting Of Board Of Directors | 17(2) | Yes | |
| 4 | Quorum of board meeting | 17(2A) | Yes | |
| 5 | Review of Compliance Reports | 17(3) | Yes | |
| 6 | Plans for orderly succession for appointments | 17(4) | Yes | |
| 7 | Code of Conduct | 17(5) | Yes | |
| 8 | Fees/compensation | 17(6) | Yes | |
| 9 | Minimum Information | 17(7) | Yes | |
| 10 | Compliance Certificate | 17(8) | Yes | |
| 11 | Risk Assessment & Management | 17(9) | Yes | |
| 12 | Performance Evaluation of Independent Directors | 17(10) | Yes | |
| 13 | Recommendation of Board | 17(11) | Yes | |
| 14 | Maximum number of Directorships | 17A | Yes | |
| 15 | Composition of Audit Committee | 18(1) | Yes | |
| 16 | Meeting of Audit Committee | 18(2) | Yes | |
| 17 | Role of Audit Committee and information to be reviewed by the audit committee | 18(3) | Yes | |
| 18 | Composition of nomination & remuneration committee | 19(1) & (2) | Yes | |
| 19 | Quorum of Nomination and Remuneration Committee meeting | 19(2A) | Yes | |
| 20 | Meeting of Nomination and Remuneration Committee | 19(3A) | Yes | |
| 21 | Role of Nomination and Remuneration Committee | 19(4) | Yes | |
| 22 | Composition of Stakeholder Relationship Committee | 20(1), 20(2) & 20(2A) | Yes | |
| 23 | Meeting of Stakeholders Relationship Committee | 20(3A) | Yes | |
| 24 | Role of Stakeholders Relationship Committee | 20(4) | Yes | |
| 25 | Composition and role of risk management committee | 21(1),(2),(3),(4) | NA | |
| 26 | Meeting of Risk Management Committee | 21(3A) | NA | |
| 27 | Quorum of Risk Management Committee meeting | 21(3B) | NA | |
| 28 | Gap between the meetings of the Risk Management Committee | 21(3C) | NA | |
| 29 | Vigil Mechanism | 22 | Yes | |
| 30 | Policy for related party Transaction | 23(1), (1A), (5), (6), & (8) | Yes | |
| 31 | Prior or Omnibus approval of Audit Committee for all related party transactions | 23(2), (3) | Yes | |
| 32 | Approval for material related party transactions | 23(4) | Yes | |
| 33 | Disclosure of related party transactions on consolidated basis | 23(9) | Yes | |
| 34 | Composition of Board of Directors of unlisted material Subsidiary | 24(1) | Yes | |
| 35 | Other Corporate Governance requirements with respect to subsidiary of listed entity | 24(2),(3),(4),(5) & (6) | Yes | |
| 36 | Alternate Director to Independent Director | 25(1) | Yes | |
| 37 | Maximum Tenure | 25(2) | Yes | |
| 38 | Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism | 25(2A) | Yes | |
| 39 | Meeting of independent directors | 25(3) & (4) | Yes | |
| 40 | Familiarization of independent directors | 25(7) | Yes | |
| 41 | Declaration from Independent Director | 25(8) & (9) | Yes | |
| 42 | Directors and Officers insurance | 25(10) | NA | |
| 43 | Confirmation with respect to appointment of Independent Directors who resigned from the listed entity | 25(11) | Yes | |
| 44 | Memberships in Committees | 26(1) | Yes | |
| 45 | Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel | 26(3) | Yes | |
| 46 | Policy with respect to Obligations of directors and senior management | 26(2) & 26(5) | Yes | |
| 47 | Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity | 26(6) | NA | |
| 48 | Vacancies in respect Key Managerial Personnel | 26A(1) & 26A(2), 26A(3) | NA | |
| Any other information to be provided - Add Notes | ||||
| Annexure II | ||
|---|---|---|
| III. Affirmations | ||
| Sr | Particulars | Compliance status (Yes/No/NA) |
| 1 | The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied | Yes |
| Any other information to be provided | ||
| Annexure II | ||
|---|---|---|
| 1 | Name of signatory | Satish Mehta |
| 2 | Designation | Company Secretary and Compliance Officer |
Additional Half yearly Disclosure |
|||
|---|---|---|---|
| Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc. | |||
| I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below | |||
| (A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to | |||
| Entity | Aggregate amount advanced during six months | Balance outstanding at the end of six months | |
| Promoter or any other entity controlled by them | |||
| Promoter Group or any other entity controlled by them | |||
| Directors (including relatives) or any other entity controlled by them | |||
| KMPs or any other entity controlled by them | |||
| (B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By | |||
| Entity | Type (guarantee, comfort letter etc.) | Aggregate amount of issuance during six months | Balance outstanding at the end of six months(taking into account any invocation) |
| Promoter or any other entity controlled by them | |||
| Promoter Group or any other entity controlled by them | |||
| Directors (including relatives) or any other entity controlled by them | |||
| KMPs or any other entity controlled by them | |||
| (C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by | |||
| Entity | Type of security (cash, shares etc.) | Aggregate value of security provided during six months | Balance outstanding at the end of six months |
| Promoter or any other entity controlled by them | |||
| Promoter Group or any other entity controlled by them | |||
| Directors (including relatives) or any other entity controlled by them | |||
| KMPs or any other entity controlled by them | |||
| (D) Additional Information | |||
| II. Affirmations | |||
| Affirmations | Compliance Status | Company Remarks | |
| All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. | $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus") | ||
| Name | |||
| Designation | |||
| Place | |||
| Date | |||
Signatory Details |
|
|---|---|
| Name of signatory | Mr. Satish Mehta |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Pune |
| Date | 22-Apr-2026 |
Investor Grievance Details |
|
|---|---|
| No. of investor complaints pending at the beginning of Quarter | 0 |
| No. of investor complaints received during the Quarter | 2 |
| No. of investor complaints disposed off during the Quarter | 2 |
| No. of investor complaints those remaining unresolved at the end of the Quarter | 0 |
Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies- |
|||||
|---|---|---|---|---|---|
| Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies | |||||
| Sr. No. | Name of the unlisted company in which shares or voting rights have been acquired | Date of acquisition | Aggregate holding (% shares or voting rights) as at the end of the previous quarter | % shares or voting rights acquired during the quarter | Aggregate holding (% shares or voting rights) as at the end of the quarter |
Disclosure of Imposition of Fine or Penalty |
|||||
|---|---|---|---|---|---|
| Any Other Information for Disclosure of Imposition of Fine or Penalty | |||||
| Sr. No. | Name of the authority | Nature and details of the action(s) taken or order(s) passed | Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority | Details of the violation(s)/ contravention(s) committed or alleged to be committed | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible |
| 1 | Commissioner of Income Tax Appeal - 26, Delhi | On 05.08.2025 Appeal has been filed before Income Tax Appellate Tribunal, Delhi, challeging the Penalty order passed by the Hon'ble APPEAL CIT (A), Delhi- 26 order dt. 30.06.2025 for AY 2014-15 | 27-Mar-2026 | Penalty is confirmed under section 271(1)(c) of the Income Tax Act, 1961 of Rs. 7,51,902/- basis of assessment order passed | On 27.03.2026, the Hon'ble Income Tax Appellate Tribunal, Delhi has passed an order and quashed the penalty order. On 15.04.2026, the assessee has filed an application with the Assessing officer to pass the Order giving effect to the Tribunal's order. |
| 2 | Assistant Commissioner CGST & Central Excise Division-I, Pithampur | On 19.03.2026, the Assistant Commissioner of CGST, Pithampur has passed an order allowed input credit claimed by the assessee and also deleted the tax demand raised for the FY 2022-23, except interest liability of Rs. 1,35,310/-. In the said order, the Officer has levied Penalty of Rs. 71,439/- | 19-Mar-2026 | Penalty of Rs. 71,439/- is levied under Section 74 of the CGST Act, 2017 along with corresponding provisions of MPGST Act 2017 and IGST Act 2017 | The assessee is in process of filing an appeal before the Appellate Authority against the demand of interest liability and penalty amount. |
Disclosure of Updates to Ongoing Tax Litigations or Disputes |
|||||
|---|---|---|---|---|---|
| Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes | |||||
| Sr. No. | Name of the opposing party | Date of initiation of the litigation / dispute | Status of the litigation / dispute as per last disclosure | Current status of the litigation / dispute | |
| 1 | Income Tax Department | 04-Aug-2006 | The Income Tax Appellate Tribunal, Pune Bench, vide its earlier orders dated 04.08.2006, 27.11.2007 and 18.02.2008, had restored the matter to the file of the Commissioner of Income Tax (Appeals) (CIT(A)) for fresh adjudication in respect of the Company’s claim of deduction under Sections 80-IA and 80-IB of the Income-tax Act, 1961 for Assessment Years (AY) 1995–96 to AY 2004–05 | CIT(A)-28, Delhi, has vide orders dated 27.03.2026, disposed of the aforesaid appeals and disallowed the Company’s claim for deduction under Sections 80-IA/ 80-IB for the said assessment years. The Company is in a process of filing appropriate rectification applications/ further appeals before the higher appellate authorities against the said orders | |
| 2 | Income Tax Department | 29-Sep-2021 | Appeals has been filed before Commissioner of Income Appeal - 28, Delhi, against the assessment orders passed u/s 153A of the Income Tax Act for the AY 2014-15 to AY 2019-20 and u/s 143(3) of the Income Tax Act for the AY 2020-21. | Necessary submission have been filed, now at hearing stage. | |
| 3 | Income Tax Department | 03-Nov-2017 | Appeal has been filed before Commissioner of Income Appeal - 28, Delhi, against TDS order passed u/s 154 of the Income Tax Act for AY 2013-14 | Necessary submission have been filed, now at hearing stage. | |
| 4 | Income Tax Department | 24-Feb-2023 | The Income Tax Department has challenged the order passed by the Hon'ble Pune Tribunal's order dt. 08.02.2022 for AY 2013-14 before the Hon'ble Bombay High Court | At admission stage | |
| 5 | Income Tax Department | 06-Jun-2023 | Appeal has been filed against the order passed by the Hon'ble Pune Tribunal's order dt. 07.02.2023 for AY 2014-15 before the Hon'ble Bombay High Court | At admission stage | |
| 6 | Income Tax Department | 18-Jun-2024 | Writ Petition have been filed before Hon'ble Bombay High Court, against the notice issued by the Assessing Officer dt. 26.03.2012 u/s 148 of the Income Tax Act read with the reason disposal Order dt. 06.06.2024 and Show Cause Notice dt. 12.06.2024 for the AY 2005-06 | Ad-interim stay has been granted by the Hon'ble Bombay High Court vide order dt. 19.06.2024. Now under admission stage. | |
| 7 | Income Tax Department | 05-Aug-2025 | On 05.08.2025 Appeal has been filed before Income Tax Appellate Tribunal, Delhi, challeging the Penalty order passed by the Hon'ble APPEAL CIT (A), Delhi- 26 order dt. 30.06.2025 for AY 2014-15 | On 27.03.2026, the Hon'ble Income Tax Appellate Tribunal, Delhi has passed an order and quashed the penalty order. On 15.04.2026, the assessee has filed an application with the Assessing officer to pass the Order giving effect to the Tribunal's order. | |
| 8 | Sales Tax Department | 11-Dec-2020 | Appeal has been filed before Joint Commissioner Appeal, Sales Tax, against the Assessment Order u/s 23 of the Maharashtra Value Added Act, 2002 for the FY 2016-17 | Necessary submission have been filed, now at hearing stage. | |
| 9 | Central Excise Department | 09-Feb-2022 | Appeal has been filed before CESTAT, Mumbai, agaist the order passed by the Commissioner (Appeals-I), Central Tax, Pune order dt. 29.10.2021 Order-in-Appeal No. PUN-EXCUS-001-APP-81/2021-22 | At admission stage | |
| 10 | Goods & Service Tax Department | 02-May-2025 | The GST Audit is completed in respect of Pithampur Plant (GSTN – 23AAACZ0549G1ZJ) for the financial year (FY) 2022-23. The Department has issued Show Cause Notice on 02.05.2025 in Form GST DRC-01, wherein the GST Department has sought in explanation on GST Input Credit, short / non payment of tax of Rs. 1,03,41,427/- and interest of Rs. 1,35,310/-. On 23.05.2025, we have filed detailed response before the Adjudication Officer, Pithampur, Madhya Pradesh. | On 19.03.2026, the Adjudication Officer, Pithampur, Madhya Pradesh has passed an order and allowed input credit claimed by the assessee and also deleted the tax demand raised for the FY 2022-23, except interest liability of Rs. 1,35,310/-. In the said order, the Officer has levied Penalty of Rs. 71,439/- The assessee Company is in the process of filing an appeal against the interest & penalty liability determined by the Adjudication Authority. | |
| 11 | Goods & Service Tax Department | 17-Oct-2023 | Appeal has been filed before GST Appellate Authority, Rudrapur, against the order passed u/s 129(3) of the CGST Act on 07.09.2023 for the FY 2023-24 | Not yet listed for hearing | |
| 12 | Goods & Service Tax Department | 21-Sep-2024 | Appeal has been filed before GST Appellate Authority, Madhya Pradesh, against the ORDER-IN-ORIGINAL issued on dated 25.06.2024 under section 73(1) of CGST Act, 2017 read with MPGST Act, 2017 and IGST Act, 2017 for the FY 2019-20 | Hearing is under process | |
| 13 | Goods & Service Tax Department | 18-Jan-2025 | Appeal has been filed before GST Appellate Authority, Karnatata against the order pssed by the the Deputy Commissioner – Commercial Tax, Vijayapura, Karnataka dt. 18.01.2025 under section 129(3) of the CGST Act and levied GST penalty of Rs. 4,59,608/- for mistake in preparation of E-way bill. | Not yet listed for hearing | |
| 14 | ZF Steering Gear (I) Ltd v/s ZF Friedrichshafen AG and others | 30-Jun-2023 | The Company has filed 2 (two) commercial suits 22/2023 & 23/2023 against ZF Friedrichshafen AG and others, before the Hon’ble District Court, Pune�claiming damages of Rs. 200 crore in each suit, for permanent injuction Section under section 142 of the Trade Marks Act, 1999 and for for passing off under section 134 of the Trade Marks Act, 1999 | Presently, the said 2 suits are�pending for adjudication before the Hon’ble District Court, Pune. | |
| 15 | ZF Friedrichshafen AG and others v/s ZF Steering Gear (I) Ltd | 10-Sep-2024 | ZF Friedrichshafen AG has filed Commercial IP Suit No. (L): 27382 of 2024 along with Interim Application No. (L): 28099 of 2024 before the Hon'ble Bombay High Court, inter-alia alleges an infringement and passing off, of the trademark/mark “ZF” and/or “ZF India” and a claim of Rs.100 Crores as damages. The case is now listed for hearing of interim application. | Pending at interim application stage | |
| 16 | Pune Mathadi, Hamal and Other Manual Workers Board | 16-May-2025 | The Pune Mathadi, Hamal and Other Manual Workers Board has passed the order 16.05.2025 and directed the Company to pay an amount of Rs 57.60 Lakhs to mathadi workers for the period from January 2024 to April 2025. On 20.06.2025, Writ Petition have been filed before Hon'ble Bombay High Court, against the notice passed the Mathadi Board dt. 16.05.2025. | The Hon’ble High Court vide interim order dt. 05.12.2025 stayed the order dt. 16.05.2025, subject to deposit of 50% of the assessed amount with Court, which the Company has deposited on 07.01.2026. | |
| 17 | Mr. Sunil Baban Shitole | 27-May-2025 | The present civil suit has been filed by Mr. Shitole to claim right in the plot of land acquired by the Company in year 1995 at Vadu Budruk, Taluka Shirur, District Pune. | We have filed our detailed written statement before the Ghodnadi Court, Shirur on 19.09.2025 for dismissal of suit filed by Mr. Shitole. Pending at hearing stage | |
| 18 | Mr. Pandharinath Sarjerao Khandagle & other 15 workers | 08-Nov-2025 | The Company has filed writ petitions (total 16) before the Hon'ble Bombay High Court challenging the order dated 08.07.2025 passed by the Labour Court, Pune, wherein the Labour Court held that the enquiry conducted against the defendant is not proper, legal & fair. | The writ petitions are registered in the Court and pending at hearing stage. Affidavit of service is also filed with the Court. | |