Pursuant to Regulation 16(1)(c) of the Listing Regulations, Metacast Auto Private Limited - Subsidiary of the Company has been identified as Material Subsidiary w.e.f. February 12, 2026.
ZFSTEERING · price
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ZF Steering Gear (India) Limited has informed the stock exchanges that its subsidiary, Metacast Auto Private Limited, has been classified as a 'Material Subsidiary' with effect from February 12, 2026. This classification is based on the fact that Metacast's turnover has crossed 10% of the consolidated turnover of ZF India. The disclosure has been made under SEBI's Listing Regulations (Regulation 30 read with Regulation 16(1)(c)). Going forward, both companies will need to follow stricter governance and disclosure rules applicable to material subsidiaries.
This is a routine regulatory disclosure indicating that the subsidiary Metacast has grown large enough to be financially significant to the parent company. It does not change business operations but signals that Metacast now contributes meaningfully to consolidated revenues, bringing additional compliance and governance requirements.