ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Shareholders meeting
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) Increasing authorised share capital from Rs 10 crore to Rs 60 crore by creating 10 crore additional equity shares of Rs 5 each, (2) Altering the capital clause in the Articles of Association accordingly, and (3) Issuing bonus shares in a 5:1 ratio (5 new bonus shares for every 1 existing share held). The bonus issue of Rs 47.42 crore will be funded by capitalising free reserves and/or securities premium account. The current paid-up capital stands at Rs 9.48 crore (1.89 crore shares). E-voting runs from May 19, 2026 to June 17, 2026, with record date fixed as June 24, 2026.
Shareholders will see their holdings quintuple if the bonus issue is approved, though the stock price is expected to adjust proportionally. This bonus issuance signals strong financial health and is generally viewed positively by the market as it rewards existing shareholders without any cost.