ZFCVINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ZF Commercial Vehicle Control Systems India Limited (formerly WABCO India) is seeking shareholder approval via postal ballot for three proposals: (1) Increase in Authorised Share Capital from Rs. 10 crore to Rs. 60 crore by creating 10 crore additional equity shares of Rs.5 each, (2) Consequential alteration of Articles of Association to reflect new capital, and (3) A bonus share issuance in the ratio of 5:1 (5 new bonus shares for every 1 existing share held) by capitalizing Rs. 47.42 crore from free reserves. The current paid-up capital is Rs. 9.48 crore (1.89 crore shares). The e-voting period runs from May 19, 2026 to June 17, 2026, with record date fixed as June 24, 2026.
This bonus issuance significantly rewards existing shareholders by increasing their shareholding 6-fold at no cost. The large increase in authorised capital provides flexibility for future capital needs. The company appears well-capitalised with strong reserves to support this issuance.