ZF Commercial Vehicle Control Systems India Limited has informed the Exchange that the Board of Directors at its meeting held on May 13, 2026, have considered and approved bonus at the ratio of 5 : 1, i.e 5 Equity Shares for every 1 Equity Shares held.
ZFCVINDIA · price
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ZF Commercial Vehicle Control Systems India Limited has announced a major 5:1 bonus issue, distributing 5 equity shares for every 1 share held, subject to shareholder approval. The Board also approved FY2026 standalone revenue of Rs 4,055.48 crore (up 6.6% YoY) and standalone profit after tax of Rs 506.68 crore (up 10.5% YoY). Consolidated PAT stood at Rs 517.15 crore. The company recommended a dividend of Rs 4 per share (80% on Rs 5 face value). To accommodate the bonus, authorized share capital will increase from Rs 10 crore to Rs 60 crore. Record date is June 24, 2026, with deemed allotment on June 25, 2026. The Board also approved a Rs 30 crore investment in its wholly-owned subsidiary ZF MIPL via subscription to NCOCRPS.
The 5:1 bonus is significantly above typical bonuses and will increase outstanding shares from 1.90 crore to 9.49 crore, improving liquidity. Strong financial performance supports the reward to shareholders. The stock will trade at a lower price per share post-bonus, but total shareholder value remains theoretically unchanged.