ZF Commercial Vehicle Control Systems India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2025
ZFCVINDIA · price
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The 21st AGM of ZF Commercial Vehicle Control Systems India was held on August 20, 2025 via video conferencing, chaired by Mr. Akash Passey, with 42 members in attendance. Key business included approval and adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and declaration of a dividend of Rs. 19 per share for that year, payable to members on record as of August 8, 2025. The vacancy from Mr. Philippe Colpron, who retired by rotation and did not offer himself for re-appointment, will not be filled. Additionally, M/s. V Suresh Associates was appointed as Secretarial Auditor for a five-year term (FY26 to FY30), Dr. Lars Orlik was appointed as a Non-Executive and Non-Independent Director effective August 21, 2025, and cost auditor remuneration of Rs. 6 Lakhs for FY26 was ratified. Voting results will be announced within 2 working days.
The Rs. 19 per share dividend confirms a healthy return for shareholders from FY25 earnings. The new director and auditor appointments are routine governance matters and are not expected to have a material effect on the stock price.