ZF Commercial Vehicle Control Systems India Limited held its 22nd Annual General Meeting (AGM) on July 24, 2026. The meeting commenced at 15:00 hrs (IST) and concluded at 16:11 hrs (IST), conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in compliance with circulars from the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

Mr. Akash Passey, Chairman of the Company, presided over the meeting. A total of 47 members attended, including directors holding shares, shareholders registered as speakers, and an authorized representative of the Holding Company/Promoter (WABCO Asia Private Limited). The meeting had the requisite quorum.

All directors, statutory auditors, secretarial auditors, and the scrutinizer for the AGM were present through VC/OAVM. The company utilized the web-based platform provided by National Securities Depository Limited (NSDL) for remote e-voting and conducting the AGM.

Voting Process

Remote e-voting was available from July 21, 2026 (09:00 hrs IST) to July 23, 2026 (17:00 hrs IST). During the AGM, voting remained open for an additional 15 minutes for members who had not previously voted. Mr. G. Karthikeyan, Partner of M/s. RSGK & Associates, Company Secretaries, was appointed as the Scrutinizer to oversee the voting process.

The following documents, circulated to members on July 2, 2026, were taken as read:

  • Audited Financial Statements (Standalone and Consolidated) for the year ended March 31, 2026
  • Board's report
  • Statutory Auditors' report and annexures
  • Secretarial Auditors' report and annexures

Chairman's Address

The Chairman provided an overview of the company's performance for FY2025-26 and the first quarter of 2026-27 (published on July 24, 2026). A video on Corporate Social Responsibility activities was presented during the speech.

Resolutions Voted On

Ordinary Business:

1. Approval and adoption of Audited Standalone and Consolidated Financial Statements for FY2025-26, along with reports of the Board of Directors and Auditors.

2. Declaration of a dividend of ₹4 per share for FY2025-26, payable to members as of the close of July 10, 2026.

3. Re-appointment of Mr. Akash Passey (DIN: 01198068) as Chairman and Non-Executive Non-Independent Director.

Special Business:

4. Ratification of remuneration payable to M/s. Jayaram & Associates, Practicing Cost Accountants (Firm Registration No. 101077), as Cost Auditors for FY2026-27.

5. Appointment of Ms. Claudia Christina Jehle (DIN: 11680809) as Non-Executive Non-Independent Director, liable to retire by rotation.

Shareholder Interaction

Registered speakers sought clarifications on the audited financial statements and other matters, which were addressed by the Chairman to their satisfaction.

Results Disclosure

The consolidated results of remote e-voting (prior to and during the AGM) along with the scrutinizer's report will be announced within two working days. Results will be displayed at the company's registered office, on the company website, and intimated to BSE Limited and National Stock Exchange of India Limited (NSE).