45th Annual Report for FY 2024-25
ZFSTEERING · price
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ZF Steering Gear India has submitted its 45th Annual Report for FY 2024-25 to BSE, along with the notice for the 45th Annual General Meeting scheduled for September 8, 2025, to be held via video conferencing. The AGM agenda includes adopting the audited standalone and consolidated financial statements, reappointing Dr. Dinesh Bothra as a director (retiring by rotation), and appointing M/s. SIUT & Co., LLP as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30) at Rs. 1,51,000 per annum with a 5% annual escalation. A key special business item seeks shareholder approval for revised material related party transactions with the Supreme Group entities (Supreme Autocasts, Supreme Autocasts Private Limited, Supreme Engineering, Supreme Iron India) capped at Rs. 100 crore per financial year for three years from FY 2025-26, superseding an earlier March 22, 2025 resolution. The RPTs relate to raw material and component purchases (such as vane pump housings and brackets) involving parties connected to directors of its subsidiary Metacast Auto Private Limited.
The filing is a routine regulatory submission with no immediate financial impact, but shareholders should note the proposed RPT limit of Rs. 100 crore per year with the Supreme Group, which involves entities linked to directors of subsidiary Metacast and warrants attention for related-party governance.