ZF Commercial Vehicle Control Systems India logo

ZF Commercial Vehicle Control Systems India MD, chairman, board of directors and AGM

NSE: ZFCVINDIABSE: 533023Auto ComponentsSmall Cap

Formerly WABCO India
Last close ₹2,132.70down ₹11.30 (0.53%)BSE ₹2,132.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,144.00.

52-week range of traded prices to 23 Oct 2026
₹2,050.33Low, 6 Nov 2025₹3,044.00High, 24 Jun 2026
Market cap
₹24,271 Cr283rd largest listed
P/E
48.6
P/B
6.6
Dividend yield
0.19%
ROE
14.5%
ROCE
14.4%
Debt to equity
0.00
Volume, NSE
2,02,81468.2% delivered

ZF Commercial Vehicle Control Systems India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonAkash PasseyRelated to the promoter
  • Managing directorParamjit Singh Chadha
  • Compliance OfficerC V Kavviya

8 directors4 independent1 executive3 non-executive

  • Akash Passey · ChairpersonNon-executive · joined May 2024 · 1 listed board
  • Paramjit Singh Chadha · Managing directorExecutive · joined Jul 2025 · 1 listed board · 1 committee seat
  • Mahesh Ramchand ChhabriaIndependent · joined May 2020 · reappointed May 2025 · 73 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 3 as chair
  • Amrita Verma ChowdhuryIndependent · joined Oct 2023 · 32 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
  • Rashmi UrdhwaresheIndependent · joined Mar 2024 · 27 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 1 as chair
  • Neeraj SagarIndependent · joined May 2024 · 25 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • Ivan BrajdicNon-executive · joined Nov 2025 · 1 listed board
  • Claudia Christina JehleNon-executive · joined May 2026 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • Orlik Lars, left 30 Apr 2026: Others
  • Christian Brenneke, left 4 Nov 2025: Others
  • Philippe Colpron, left 20 Aug 2025: Others
  • PERIAKARUPPA NADAR KANIAPPAN, left 30 Jun 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 13 May 20268 of 8 present4 independent · 57 days in between
    • 16 Mar 20266 of 8 present3 independent

  • Audit Committee

    Chair Mahesh Ramchand Chhabria

    Amrita Verma Chowdhury, Claudia Christina Jehle

    • 13 May 20263 of 3 present2 independent · 57 days in between
    • 16 Mar 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Neeraj Sagar

    Mahesh Ramchand Chhabria, Akash Passey

    • 13 May 20263 of 3 present2 independent · 57 days in between
    • 16 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Amrita Verma Chowdhury

    Paramjit Singh Chadha, Rashmi Urdhwareshe, Neeraj Sagar

    • 13 May 20264 of 4 present3 independent · 91 days in between
    • 10 Feb 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Rashmi Urdhwareshe

    Mahesh Ramchand Chhabria, Akash Passey, Paramjit Singh Chadha, A Ganesamoorthy

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Paramjit Singh Chadha

    Rashmi Urdhwareshe, Neeraj Sagar

    • 13 May 20263 of 3 present2 independent · 362 days in between
    • 15 May 20253 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • B S R & Co. LLPPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

ZF Commercial Vehicle Control Systems India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.ZF Commercial Vehicle Control Systems India dividend history

Annual general meeting, 24 Jul 2026

50,495 shareholders on the register on 17 Jul 2026; present: 1 promoter and 46 others; votes counted by G. KARTHIKEYAN / RSGK & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2026, together with reports of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 89.66% · promoters 100.00% · institutions 94.98% · other public 0.27%

  2. Declaration of dividend of Rs.4/- (Rupees Four only) per share for the financial year ended 31st March 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 89.68% · promoters 100.00% · institutions 95.07% · other public 0.27%

  3. Re-appointment of Mr. Akash Passey (DIN: 01198068), who retires by rotation, as a Director
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.43% · other public 1.95%

    Turnout: all 73.26% · promoters 100.00% · institutions 95.02% · other public 0.07%

  4. Ratification of remuneration of Rs. 4.50 lakhs (plus applicable taxes and out of pocket expenses at actuals), approved by the Board of Directors as payable to M/s. Jayaram & Associates, Cost Accountants (Firm Registration No.101077), on their appointment as Cost Auditors, for the financial year ending 31st March 2027.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.94%

    Turnout: all 89.67% · promoters 100.00% · institutions 95.02% · other public 0.26%

  5. Appointment of Ms. Claudia Christina Jehle (DIN: 11680809), as a Director (Non-Executive & Non-Independent), liable to retire by rotation
    Ordinary
    96.20% for3.80% against

    Against: promoters 0.00% · institutions 11.49% · other public 0.26%

    Turnout: all 89.67% · promoters 100.00% · institutions 95.02% · other public 0.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Jun 2026, 3 resolutions

35,196 shareholders on the register on 15 May 2026; votes counted by G. KARTHIKEYAN / RSGK & Associates.The company's voting result (opens in a new tab)

  1. Approval for increase in authorised share capital and consequential alteration of the capital clause of the Memorandum of Association of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.64%

    Turnout: all 90.56% · promoters 100.00% · institutions 95.60% · other public 2.22%

  2. Approval for consequential alteration of the capital clause of the Articles of Association of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.64%

    Turnout: all 90.56% · promoters 100.00% · institutions 95.60% · other public 2.21%

  3. Approval for Bonus Issuance (subject to increase in Authorised Share capital)
    Ordinary
    98.92% for1.08% against

    Against: promoters 0.00% · institutions 3.23% · other public 0.66%

    Turnout: all 90.56% · promoters 100.00% · institutions 95.60% · other public 2.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Mar 2026, 1 resolution

33,137 shareholders on the register on 13 Feb 2026; votes counted by G. KARTHIKEYAN / RSGK & Associates.The company's voting result (opens in a new tab)

  1. Approval for Material Related Party Transactions to be entered into by the Company including those that may be entered into by its subsidiary with M/s. ZF CV Systems Global GmbH, a Related Party, upto Rs.2,500 Crores during the financial year from 1st April 2026 to 31st March 2027 (including material modifications that may arise thereto).MoreLess
    OrdinaryPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.28% · other public 3.03%

    Turnout: all 30.74% · promoters 0.00% · institutions 95.92% · other public 0.76%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Dec 2025, 1 resolution

34,454 shareholders on the register on 14 Nov 2025; votes counted by G. KARTHIKEYAN / RSGK & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Ivan Brajdic (DIN: 11347495) who was appointed as an Additional Director (Non-Executive, Non-Independent), as a Director liable to retire by rotation.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.17% · other public 0.30%

    Turnout: all 90.81% · promoters 100.00% · institutions 95.33% · other public 1.70%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Aug 2025, 6 resolutions

34,742 shareholders on the register on 13 Aug 2025; present: 1 promoter and 41 others; votes counted by G. KARTHIKEYAN / RSGK & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2025, together with reports of the Board of Directors and the Auditors thereon.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.19% · other public 0.22%

    Turnout: all 90.54% · promoters 100.00% · institutions 94.79% · other public 0.97%

  2. Declaration of dividend of Rs.19/- (Rupees Nineteen only) per share for the financial year ended 31st March 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 90.54% · promoters 100.00% · institutions 94.79% · other public 0.97%

  3. Not to fill up the vacancy arising in the Board of Directors due to the retirement of Mr. Philippe Colpron (DIN: 08344534), who retires by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 90.54% · promoters 100.00% · institutions 94.79% · other public 0.97%

  4. Appointment of M/s. V Suresh Associates, Practicing Company Secretaries, (Firm Registration Number P2016TN053700) as Secretarial Auditors for a term of five consecutive years commencing from 1st April 2025 till 31st March 2030MoreLess
    Ordinary
    99.45% for0.55% against

    Against: promoters 0.00% · institutions 1.63% · other public 0.57%

    Turnout: all 90.54% · promoters 100.00% · institutions 94.79% · other public 0.97%

  5. Ratification of remuneration of Rs.6,00,000/- (Rupees Six lakhs only), plus applicable taxes and out of pocket expenses at actuals, approved by the Board of Directors as payable to M/s. A N Raman & Associates, Practicing Cost Accountants (Firm Registration No.102111), on their appointment as Cost Auditors, for the financial year ending 31st March 2026MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.06%

    Turnout: all 90.54% · promoters 100.00% · institutions 94.79% · other public 0.97%

  6. Appointment of Dr. Lars Orlik (DIN: 10390472), as a Director (Non-Executive & Non-Independent), liable to retire by rotation with effect from 21st August 2025.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.23%

    Turnout: all 90.54% · promoters 100.00% · institutions 94.79% · other public 0.97%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Jun 2025, 2 resolutions

34,295 shareholders on the register on 16 May 2025; votes counted by G KARTHIKEYAN / RSGK & Associates.The company's voting result (opens in a new tab)

  1. Approval for the re-appointment of Mr. Mahesh Chhabria (DIN 00166049) as an Independent Director of the Company for a period of 5 years with effect from 16th May, 2025 to 15th May, 2030
    Special
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 3.28% · other public 0.72%

    Turnout: all 90.73% · promoters 100.00% · institutions 94.62% · other public 2.19%

  2. Approval for the appointment and remuneration of Mr. Paramjit Singh Chadha (DIN: 06972549), as Managing Director of the Company for a period effective from 1st July, 2025 to 31st December, 2027
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.22% · other public 0.73%

    Turnout: all 90.73% · promoters 100.00% · institutions 94.62% · other public 2.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Mar 2025, 1 resolution

36,070 shareholders on the register on 14 Feb 2025; votes counted by KARTHIK / KARTHIK.The company's voting result (opens in a new tab)

  1. Approval for Material Related Party Transactions to be entered into by the Company including those that may be entered into by its subsidiary with M/s. ZF CV Systems Global GmbH, a Related Party under regulation 2(1)(zb) of Listing Regulations, for an aggregate value upto Rs. 2,500 crores (Rupees Two Thousand Five Hundred crores only), during the financial year from 1st April 2025 to 31st March 2026(including material modifications that may arise thereto).MoreLess
    OrdinaryPromoters have an interest in it
    96.74% for3.26% against

    Against: promoters 0.00% · institutions 3.22% · other public 7.74%

    Turnout: all 27.11% · promoters 0.00% · institutions 93.39% · other public 2.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Approving re-appointment of Mr. P Kaniappan (DIN 02696192) as Managing Director of the Company for a further period of 6 months from 1st January 2025 to 30th June 2025 and payment of remuneration to him.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.67%

    Turnout: all 91.00% · promoters 100.00% · institutions 92.90% · other public 1.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 24 Jul 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2026, together with reports of the Board of Directors and the Auditors thereon
    14 for0 against
  • Declaration of dividend of Rs.4/- (Rupees Four only) per share for the financial year ended 31st March 2026
    14 for0 against
  • Re-appointment of Mr. Akash Passey (DIN: 01198068), who retires by rotation, as a Director
    14 for0 against
  • Ratification of remuneration of Rs. 4.50 lakhs (plus applicable taxes and out of pocket expenses at actuals), approved by the Board of Directors as payable to M/s. Jayaram & Associates, Cost Accountants (Firm Registration No.101077), on their appointment as Cost Auditors, for the financial year ending 31st March 2027.MoreLess
    14 for0 against
  • Appointment of Ms. Claudia Christina Jehle (DIN: 11680809), as a Director (Non-Executive & Non-Independent), liable to retire by rotation
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundDelayed shareholders’ approval as the Company did not obtain shareholders' approval at the next general meeting (i.e. Postal Ballot dated 13th May, 2026) conducted after the director's appointment on the Board.
    • Edelweiss Mutual Fund, Navi Mutual FundNo concern identified on the merit and profile of the proposed appointee. Non-compliant with Regulation 17(1C) of SEBI LODR Regulations, 2015: Delayed shareholders’ approval as the Company did not obtain shareholders' approval at the next general meeting (i.e. Postal Ballot dated 13th May, 2026) conducted after the director's appointment on the Board.
    11 for3 against

Mutual fund votes, meeting of 17 Jun 2026, 33 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Approval for increase in authorised share capital and consequential alteration of the capital clause of the Memorandum of Association of the Company.
    8 for0 against
  • Approval for consequential alteration of the capital clause of the Articles of Association of the Company
    33 for0 against
  • Approval for Bonus Issuance (subject to increase in Authorised Share capital)
    8 for0 against
2 proposals not matched to one resolution
  • To capitalise a sum of Rs. 47,41,89,600 out of the Company’s free reserves and/or securities premium account, in such combination as the Board may, in its absolute discretion, determine, and to apply such capitalised sum towards payment for the issue and allotment of new fully paid-up bonus equity shares of Rs. 5/- each, credited as fully paid-up, to the Members of the Company whose names appear in the Register of Members / list of beneficial owners maintained by the depositories as on the Record Date to be fixed by the Board for this purpose, i.e. 24th June 2026 (Wednesday) in the proportion of 5 (Five) new fully paid-up equity share(s) of Rs. 5/- each for every 1 (one) existing fully paid-up equity share of Rs. 5/- each held by them on the Record Date.MoreLess
    25 for0 against
  • To increase the Authorised Share Capital of the Company from Rs. 10,00,00,000 divided into 2,00,00,000 equity shares of Rs. 5/- each to Rs. 60,00,00,000 divided into 12,00,00,000 equity shares of Rs. 5/- by creation of an additional 10,00,00,000 equity shares of Rs. 5/- each, ranking pari passu in all respects with the existing equity shares of the Company and consequently, that the existing Clause V of the Memorandum of Association of the Company.MoreLess
    25 for0 against
6 earlier meetings

Mutual fund votes, meeting of 20 Mar 2026, 31 fund houses

  • Approval for Material Related Party Transactions to be entered into by the Company including those that may be entered into by its subsidiary with M/s. ZF CV Systems Global GmbH, a Related Party, upto Rs.2,500 Crores during the financial year from 1st April 2026 to 31st March 2027 (including material modifications that may arise thereto).MoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance concern: It is unclear as to how certain transactions fall within the ordinary course of business. Transparency concern: Inadequate disclosures with respect to the basis of arm’s length pricing.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: It is unclear as to how certain transactions fall within the ordinary course of business. Transparency concern: Inadequate disclosures with respect to the basis of arm’s length pricing. The disclosure regarding the basis of arriving at the pricing of the transactions is a material disclosure for shareholders to ascertain the fairness of the transaction. Hence, the same should form part of the disclosures made in the explanatory statement.
    • JM Financial Mutual FundCompliant with law.
    26 for5 against

Mutual fund votes, meeting of 18 Dec 2025, 28 fund houses

  • Appointment of Mr. Ivan Brajdic (DIN: 11347495) who was appointed as an Additional Director (Non-Executive, Non-Independent), as a Director liable to retire by rotation.
    28 for0 against

Mutual fund votes, meeting of 20 Aug 2025, 27 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2025, together with reports of the Board of Directors and the Auditors thereon.
    27 for0 against
  • Declaration of dividend of Rs.19/- (Rupees Nineteen only) per share for the financial year ended 31st March 2025.
    7 for0 against
  • Not to fill up the vacancy arising in the Board of Directors due to the retirement of Mr. Philippe Colpron (DIN: 08344534), who retires by rotation.
    27 for0 against
  • Appointment of M/s. V Suresh Associates, Practicing Company Secretaries, (Firm Registration Number P2016TN053700) as Secretarial Auditors for a term of five consecutive years commencing from 1st April 2025 till 31st March 2030MoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundTransparency Concern: Previous auditors’ remuneration not disclosed; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: Previous auditors’ remuneration not disclosed; it cannot be ascertained as to whether there is any material change in the proposed Audit fee.
    22 for5 against
  • Ratification of remuneration of Rs.6,00,000/- (Rupees Six lakhs only), plus applicable taxes and out of pocket expenses at actuals, approved by the Board of Directors as payable to M/s. A N Raman & Associates, Practicing Cost Accountants (Firm Registration No.102111), on their appointment as Cost Auditors, for the financial year ending 31st March 2026MoreLess
    27 for0 against
  • Appointment of Dr. Lars Orlik (DIN: 10390472), as a Director (Non-Executive & Non-Independent), liable to retire by rotation with effect from 21st August 2025.
    27 for0 against
1 proposal not matched to one resolution
  • To declare a dividend of INR 19 per share on 18,967,584 equity shares of INR 5/- each fully paid up, which make up the entire paid-up equity capital of the Company, absorbing a sum of INR 3,603.84 lakhs, for the financial year ended March 31, 2025.MoreLess
    20 for0 against

Mutual fund votes, meeting of 21 Jun 2025, 27 fund houses

  • Approval for the re-appointment of Mr. Mahesh Chhabria (DIN 00166049) as an Independent Director of the Company for a period of 5 years with effect from 16th May, 2025 to 15th May, 2030
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundPrior approval of shareholders not sought for re-appointment as an Independent Director.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern identified on the merit of proposed appointee. Re-appointment not in accordance with Companies Act, 2013: Prior approval of shareholders not sought for re-appointment as an ID.
    • LIC Mutual FundIt is prudent to seek Prior approval of shareholders for appointment or re-appointment of an Independent Director and company has not done so
    21 for6 against
  • Approval for the appointment and remuneration of Mr. Paramjit Singh Chadha (DIN: 06972549), as Managing Director of the Company for a period effective from 1st July, 2025 to 31st December, 2027
    27 for0 against

Mutual fund votes, meeting of 22 Mar 2025, 24 fund houses

  • Approval for Material Related Party Transactions to be entered into by the Company including those that may be entered into by its subsidiary with M/s. ZF CV Systems Global GmbH, a Related Party under regulation 2(1)(zb) of Listing Regulations, for an aggregate value upto Rs. 2,500 crores (Rupees Two Thousand Five Hundred crores only), during the financial year from 1st April 2025 to 31st March 2026(including material modifications that may arise thereto).MoreLess
    Against Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual Fund
    • Edelweiss Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundProposed transaction is compliant with law. Governance & Transparency Concern: It is unclear how proposed transaction fall within the ordinary course of business - No clarification on why sale/purchase of assets are considered to be in the ordinary course of business.
    19 for5 against

Mutual fund votes, meeting of 24 Dec 2024, 24 fund houses

  • Approving re-appointment of Mr. P Kaniappan (DIN 02696192) as Managing Director of the Company for a further period of 6 months from 1st January 2025 to 30th June 2025 and payment of remuneration to him.MoreLess
    24 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeThe Assistant Commissioner (ST)Since 12 Jan 2016
    No change
    At the filing before: Writ filed before the Madras High Court
  • Tax disputeThe Commercial tax officer, ChennaiSince 11 Mar 2016
    No change
    At the filing before: Appeal filed and pending before Sales tax Appellate Tribunal - Chennai
  • Tax disputeThe Commercial tax officer, ChennaiSince 11 Mar 2016
    No change
    At the filing before: Appeal filed and pending before Sales tax Appellate Tribunal - Chennai
  • Tax disputeThe Assistant Commissioner Division III - JhamshedpurSince 19 Sep 2018
    No Change
    At the filing before: Amnesty application accepted
  • Tax disputeThe Assistant commissioner - Central GST Rudhrapur divisionSince 29 Oct 2021
    No Change
    At the filing before: Appeal filed
  • Tax disputeThe Deputy Commissioner Customs - Import - Sea & AirSince 22 Mar 2024
    No change
    At the filing before: Appeal filed and pending before Commissioner of customs (Appeal II)
  • Tax disputeCustoms Authority of advance ruling, MumbaiSince 26 Jun 2023
    No change
    At the filing before: Appeal filed and pending before Madras High Court
  • Tax disputeAdditional Commissioner of Customs Chennai II (Import)Since 20 Oct 2023
    No change
    At the filing before: Appeal filed on 8th April 2025
40 more
  • Tax disputeSuperintendent, Central GST & Central Excise, Adityapur IV Range, JamshedpurSince 11 Dec 2023
    No change
    At the filing before: Appeal filed
  • Tax disputeSuperintendent, Range -1 CGST Division RudrapurSince 27 Aug 2024
    No change
    At the filing before: Appeal filed
  • Tax disputeThe Deputy Commissioner Gr (5B)Since 7 Jul 2024
    No change
    At the filing before: The Appellate officer has rejected the request to condone the delay in filing the appeal against the Bill of entry. The Company has decided to file an appeal against the order.
  • Tax disputeThe Deputy Commissioner Gr (5B)Since 1 Aug 2024
    No change
    At the filing before: Remanded the cases back to the assessing officer for issuance of speaking order
  • Tax disputeThe Assistant Commissioner, DC/AC-O/o Commissioner -Customs-Audit-ChennaiSince 31 Jul 2024
    No change
    At the filing before: Detailed submission filed on 14th March 25
  • Tax disputeThe Assistant Commissioner - DC/AC-IV-O/o Commissioner-Customs-Audit-ChennaiSince 25 Apr 2024
    No change
    At the filing before: Considering the quantum involved, we remitted the differential duty vide TR 6 challan
  • Tax disputeOffice of the Comissioner of CustomsSince 8 Jan 2025
    No change
    At the filing before: Considering the quantum involved, we remitted the differential duty vide TR 6 challan
  • Tax disputeOffice of the Principal Commissioner of the Customs (Air Cargo)Since 10 Oct 2024
    No change
    At the filing before: Company filed an appeal
  • Tax disputeThe Joint Commissioner of Central Excise, ChennaiSince 29 May 2017
    No change
    At the filing before: Submissions filed and pending for adjudication
  • Tax disputeThe Commissioner of Central Tax, ChennaiSince 7 May 2013
    No change
    At the filing before: Appeal filed and pending before Customs, Excise and Service Tax Appellate Tribunal - Chennai
  • Tax disputeThe Commissioner of Central Tax, ChennaiSince 27 Jul 2015
    No change
    At the filing before: Appeal filed and pending before Customs, Excise and Service Tax Appellate Tribunal - Chennai
  • Tax disputeThe Assistant Commissioner of GST and Central Excise, ChennaiSince 21 Jun 2017
    No change
    At the filing before: Submissions filed and pending for adjudication
  • Tax disputeThe Commissioner of Central Tax, ChennaiSince 3 Nov 2009
    No change
    At the filing before: Appeal filed and pending before Commissioner of Central Excise (Appeals), Chennai
  • Tax disputeThe Joint Commissioner, GSt, JharkhandSince 10 Feb 2025
    No change
    At the filing before: Appeal filed and paid pre-deposit of 10%
  • Tax disputeOffice of the Commissioner of the customs, AirSince 1 Apr 2025
    No change
    At the filing before: Remanded all the three BOEs back to the proper officer for issuance of speaking order in terms of Section 17(5) of Customs Act, 1962 after following the principles of natural justice. Differential duty paid under protestMoreLess
  • Tax disputeOffice of the Commissioner of the customs, Air and SeaSince 12 Mar 2025
    No change
    At the filing before: Sea customs rejected the claim as its filed delay and condonation not accepted. Company filed an appeal
  • Tax disputeCommissioner of Commercial Taxes, JharkhandSince 24 Jan 2025
    No change
    At the filing before: No adverse financial impact for the Company. The Company has filed writ petition before the High Court challenging the order of the Tribunal and claimed refund of excess VAT paid
  • Tax disputeDirectorate General of GST Intelligence, PudhucherrySince 27 Jan 2025
    Appeal filed
    At the filing before: Unfavourable order received. Company is in the process of filing the appeal
  • Tax disputeAdjudication of call book case- Ambattur division -Assistant commissioner of CGST and Central ExciseSince 19 Jun 2025
    No change
    At the filing before: Representation made and explained the submission. Awaiting further communication from the officer
  • Tax disputeOffice of the Joint Commissioner (Statetax) Indore Division-1, MPSince 24 Jun 2025
    No change
    At the filing before: Response filed and payment made to settle the issue.
  • Tax disputeOffice of the superintendent of central GST, Range, MaharashtraSince 28 Jun 2025
    Proceedings Closed
    At the filing before: Payment made and settled.
  • Tax disputeOffice of commissioner central GST and excise (Audit), JharkhandSince 25 Jun 2025
    No change
    At the filing before: Response filed
  • Tax disputeOffice of Commissioner Appeals (sea cargo)Since 22 Mar 2024
    No change
    At the filing before: Department filed an appeal before CESTAT. Company is in the process of filing a cross objection
  • Tax disputeAssistant commissioner of Customs, sea portSince 21 Feb 2026
    No change
    At the filing before: Bill of entry filed under protest for importing connecting rod. Company filed an appeal against the bill of entry
  • Tax disputeDGFTSince 19 Mar 2026
    Proceedings closed
    At the filing before: DGFT issued an order stating that the company is mapped under denied entity list by restricting export incentive for non compliance of EPCG. However, company has already paid the duty amount along with interest. DGFT passed order without considering the payment and thus, company filed an appealMoreLess
  • Tax disputePCIT, Customs (Air cargo)Since 31 Mar 2026
    Submission filed and explained the case during the personal hearing
    At the filing before: Customs questioning the HSN classification of exhaust, piston etc.m and demand proposed
  • Tax disputeThe Assistant Commissioner of Income-taxSince 19 Mar 2016
    No change
    At the filing before: Filed an appeal before the Madras High Court
  • Tax disputeThe Assistant Commissioner of Income-taxSince 22 Feb 2017
    Proceedings Closed
    At the filing before: Received order giving effect and deleted the demand determined
  • Tax disputeThe Assistant Commissioner of Income-taxSince 30 Dec 2016
    No change
    At the filing before: Filed an appeal before the Madras High Court
  • Tax disputeThe Deputy of Commissioner of Income-taxSince 27 Dec 2019
    No change
    At the filing before: Submission filed on 15 Feb 2025. Awaiting for further hearing
  • Tax disputeNational Faceless Assessment UnitSince 29 Jun 2021
    No change
    At the filing before: Writ withdrawn as the case settled through VSV. We are checking with AO to drop the related reassessment proceedings
  • Tax disputeThe Deputy of Commissioner of Income-tax - International taxationSince 9 Jan 2018
    No change
    At the filing before: Pending before Supreme Court
  • Tax disputeThe Deputy of Commissioner of Income-taxSince 29 Dec 2018
    No change
    At the filing before: Submission filed on 15 Feb 2025. Awaiting for further hearing
  • Tax disputeNational Faceless Assessment CentreSince 13 Sep 2021
    No change
    At the filing before: Submission filed on 15 Feb 2025. Awaiting further hearing
  • Tax disputeNational Faceless Assessment CentreSince 28 Sep 2021
    No change
    At the filing before: Submission filed on 15 Feb 2025. Awaiting further hearing
  • Tax disputeNational Faceless Assessment CentreSince 23 Jul 2024
    Proceedings Closed
    At the filing before: Received order giving effect and deleted the demand determined
  • Tax disputeNational Faceless Assessment CentreSince 18 Oct 2024
    No change
    At the filing before: Order received from Tribunal. We have received giving effect order from TPO and pending final order from AO
  • Tax disputeAssistant Director of Income Tax, Centralized Processing Centre, BengaluruSince 28 Dec 2021
    No change
    At the filing before: Filed an appeal before Commissioner of Income-tax (Appeals).
  • Tax disputeAssistant Director of Income Tax, Centralized Processing Centre, BengaluruSince 25 Oct 2022
    No change
    At the filing before: Filed an appeal before Commissioner of Income-tax (Appeals).
  • Tax disputeNational Faceless Assessment CentreSince 12 Mar 2025
    No change
    At the filing before: Received final order and company filed an appeal before the Tribunal

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.