Board recommends dividend of Rs.4/-
ZFCVINDIA · price
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ZF Commercial Vehicle Control Systems India (formerly WABCO India) held its Board meeting on May 13, 2026 and approved multiple corporate actions. The company reported strong FY2026 results with standalone revenue of Rs.4,055.48 crores (up 6.6% YoY) and standalone PAT of Rs.506.68 crores (up 10.5% YoY). Consolidated PAT stood at Rs.517.15 crores. The Board recommended a final dividend of Rs.4 per equity share (80% on Rs.5 face value) for FY2025-26, payable by August 22, 2026. The most significant announcement is a bonus issue in the ratio of 5:1, meaning shareholders will receive 5 bonus shares for every 1 share held, with record date June 24, 2026. The company also approved increasing its authorised share capital from Rs.10 crores to Rs.60 crores and investing Rs.30 crores in its wholly-owned subsidiary ZF MIPL.
The bonus issue (5:1) is highly positive for shareholders as it increases the number of shares they hold without any cost, though it dilutes per-share metrics. The dividend signals financial health. The AGM is scheduled for July 24, 2026 with record date July 10, 2026 for dividend eligibility.