ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding Cessation of Mr P Kaniappan as Managing Director of the company w.e.f. Jun 30, 2025.
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ZF Commercial Vehicle Control Systems India Limited has informed the stock exchanges that Mr. P Kaniappan (DIN: 02696192) has ceased to be the Managing Director of the company with effect from the close of business hours on June 30, 2025. The reason for cessation is the completion of his term as Managing Director, and he also ceased to be a Director of the company. The Board and Management have expressed gratitude for his leadership and contribution. No replacement or new Managing Director has been announced in this filing.
The Managing Director has stepped down due to end of term, leaving the top executive position vacant. Shareholders should watch for an announcement regarding the appointment of a new MD, as leadership transition at the top can create short-term uncertainty for the stock.