Intimation regarding Capacity Addition in Subsidiary of the Company - Metacast Auto Private Limited under Regulation 30 (4)(d) of the Listing Regulations.
ZFSTEERING · price
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ZF Steering Gear India Ltd's Board has approved expansion of casting capacity at its material subsidiary Metacast Auto Private Limited. The casting capacity will be enhanced from 10,000 metric tonnes per annum to 25,000 metric tonnes per annum - a 150% increase - through installation of an additional production line. The expansion requires a fresh investment of approximately Rs. 25 crore, to be funded primarily through borrowings. For FY2026, the standalone net profit stood at Rs. 31.78 crore with revenue of Rs. 556.74 crore.
The capacity expansion signals strong demand outlook for the subsidiary's casting operations. However, the Rs. 25 crore investment (4.8% of standalone net worth) will increase borrowings and likely pressure near-term margins until the new line becomes operational.