The Board of Directors of ZF Steering Gear (India) Limited (hereinafter referred to as 'the Company'), inter alia, transacted following business at its meeting held today i.e. July 26, ....
ZFSTEERING · price
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ZF Steering Gear (India) Limited's board, meeting on July 26, 2025, approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) with an unmodified auditor opinion. Standalone revenue from operations rose ~7% year-on-year to Rs. 136.93 Cr (vs Rs. 127.89 Cr in Q1 FY25), but profit after tax declined ~12% to Rs. 11.89 Cr (vs Rs. 13.52 Cr) as expenses grew faster than revenue. Consolidated PAT was Rs. 7.91 Cr. The board fixed the 45th AGM for September 8, 2025 (via video conferencing) with book closure from September 2-8, 2025. Additionally, the board approved in-principle transfer of leasehold rights in a factory land and building (~20,234 sq mtrs land, ~13,281 sq mtrs built-up area) at Ahmednagar from wholly owned subsidiary NexSteer to another wholly owned subsidiary DriveSys, at arm's length price — flagged as a related party transaction exempt under Regulation 23(5).
Modest top-line growth but margin pressure on a standalone basis, as PBT fell despite higher revenue, may be viewed cautiously by investors. The asset transfer between wholly owned subsidiaries is largely an internal restructuring to support DriveSys's new aluminium extrusion business and is exempt from minority shareholder approval, so impact on listed entity shareholders should be limited.