ZF Commercial Vehicle Control Systems India Ltd holds 22nd AGM to approve FY26 financials, declare dividend, and appoint new Director

<h1>ZF Commercial Vehicle Control Systems India Ltd holds 22nd AGM to approve FY26 financials, declare dividend, and appoint new Director</h1>

ZF Commercial Vehicle Control Systems India Ltd is set to hold its 22nd Annual General Meeting (AGM) on Friday, July 24, 2026. The meeting will address several key resolutions, including the adoption of the audited financial statements for the financial year ended March 31, 2026, a dividend declaration, and important appointments to the Board.

The AGM is scheduled to transact both ordinary and special business related to the company's operations and governance structure. Among the core items is the adoption of the Audited (Standalone and Consolidated) Financial Statements for FY ended March 31, 2026, along with the respective reports from the Auditor and Board of Directors.

In a significant operational update, the meeting will also consider a dividend of INR 4/- per share on equity shares priced at INR 5/- each fully paid up. The declared dividend is subject to payment to shareholders as of the record date fixed for July 10, 2026.

Key appointments and ratifications scheduled for the AGM include:

• Director Re-appointment: Mr. Akash Passey (DIN: 01198068), who currently serves as a Non-Executive Non-Independent Director and Chairman of the Board, is up for re-appointment.
• New Appointment: Ms. Claudia Christina Jehle (DIN: 11680809) is proposed for appointment as a Non-Executive Non-Independent Director.
• Cost Auditor Ratification: The AGM is required to ratify the remuneration of M/s Jayaram & Associates, Cost Accountants, for their work in auditing cost records. The remuneration proposed stands at INR 4,50,000/- plus applicable taxes and out-of-pocket expenses for the financial year ending March 31, 2027.

The company's Board recommended that all these ordinary resolutions be approved by the members.

Director Profiles Highlight Governance Expertise​

The proposals included in the meeting materials offer detailed profiles of the Directors under consideration. Mr. Akash Passey is noted as the President ZF Group India and Managing Director of ZF India Private Limited. He possesses over three decades of experience across the global automotive and mobility ecosystem, leading strategic growth and operational transformation for the company, which operates globally with €38.8 billion in sales.

Ms. Claudia Christina Jehle holds the position of Chief Financial Officer (CFO) of the Commercial Vehicle Solutions (CVS) Division of the ZF Group, a role she has held since January 1, 2026. She brings significant financial expertise to the Board, holding an MBA Program from San Jose State University, California, USA, and a Diploma in Business Administration.

The material facts related to these items provide insight into the background and experience of both directors. Key details for the individuals proposed are summarized below:


The company's continued focus on these appointments underscores its commitment to strong governance and the integration of global mobility expertise into its operational strategy.

ZFCVINDIA Stock Price Movement​

Today, shares of ZF Commercial Vehicle Control Systems India Limited slipped by 2.44% to close at ₹2433.2 after trading lower on both absolute and percentage terms. The stock moved through an intraday range spanning from a low of ₹2421.7 to a high of ₹2504.9, with total traded volume reaching 217,234 shares.