Intimation under Regulation 30 of the Listing Regulations regarding approval of the Shareholders for Reclassification of three promoters of the Company from Promoter Group to Public Category ....
ZFSTEERING · price
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ZF Steering Gear India has received shareholder approval (via postal ballot on November 30, 2025) to reclassify three individuals — Mrs. Amita Jinendra Munot (1.62%), Mr. Piyush Jinendra Munot (1.28%), and Mr. Yash Munot (1.24%) — from the Promoter/Promoter Group category to Public Shareholders. Combined, these three persons hold about 4.14% of the company's equity. BSE had already granted its no-objection for this reclassification on October 10, 2025, and the resolution was passed with 99.97% votes in favor. After the reclassification, the promoter group's total holding stands at 62.79% (down from about 66.93%), while the public category rises to 37.21%.
There is no change in actual ownership or beneficial interest — these shares remain with the same individuals, only their category tag changes for shareholding pattern purposes. Core control remains with Utkarsh Munot (28.56%) and Dinesh Munot (20.82%), so this is largely a technical/regulatory housekeeping exercise with no direct impact on stock price or shareholder value.