ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding Notice of Postal Ballot
ZFCVINDIA · price
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Awaiting price reaction for this filing.
ZF Commercial Vehicle Control Systems India has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting for two resolutions. The first is the re-appointment of Mr. Mahesh Chhabria as an Independent Director for a second 5-year term from May 16, 2025 to May 15, 2030; he earned Rs. 39.75 lakhs in sitting fees and commission in FY25. The second is the appointment and remuneration of Mr. Paramjit Singh Chadha as Managing Director from July 1, 2025 to December 31, 2027, with a salary and commission cap of Rs. 350 lakhs per annum plus perquisites up to Rs. 100 lakhs per annum. E-voting runs from May 23, 2025 to June 21, 2025, and results will be announced on or before June 24, 2025.
This is a standard governance process to formalize board continuity and install the new Managing Director. It is unlikely to materially move the stock; investors should simply ensure they vote before the June 21, 2025 deadline if they wish to participate.