ZF Commercial Vehicle Control Systems India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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ZF Commercial Vehicle Control Systems India has announced the results of its 9th Postal Ballot conducted via remote e-voting between May 23, 2025 and June 21, 2025. Two resolutions were put to vote: (1) re-appointment of Mr. Mahesh Chhabria as Independent Director for 5 years, which was passed as a Special Resolution with 99.01% votes in favour, and (2) appointment and remuneration of Mr. Paramjit Singh Chadha as Managing Director from July 1, 2025 to December 31, 2027, which was passed as an Ordinary Resolution with 99.93% votes in favour. The total paid-up equity share capital is 1,89,67,584 shares held by 34,295 shareholders, with 90.73% voting participation. The Scrutinizer confirmed both resolutions were duly passed with the requisite majority.
Both resolutions were passed with overwhelming shareholder support (over 99% in favour), indicating strong approval of board changes. Shareholders should note the effective new leadership appointments: Mr. Mahesh Chhabria continues as Independent Director and Mr. Paramjit Singh Chadha will take over as Managing Director effective July 1, 2025.