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ZF Steering Gear India informs about updates

01 Jan 2026 Evaluate
ZF Steering Gear India has informed that further to the earlier intimation dated July 26, 2025 to BSE and the Company’s Board’s Report for FY 2024-25, on the proposal to assign the leasehold rights in respect of Plot Number E-3/2, MIDC Supa Parner Industrial Park, Ahilyanagar, Maharashtra - 414 301 and the factory building constructed thereon, held by NexSteer Systems Private Limited (NexSteer), which is adjacent to DriveSys existing plant, are proposed to be assigned in favour of DriveSys Systems (DriveSys), at arm’s length price, after necessary approvals, for the purpose of Drivesys’s Aluminium Project. Both, DriveSys and NexSteer are Wholly Owned Subsidiaries (WOS) of the Company. Also updated that after the receipt of Building Completion Certificate (BCC)/ Occupancy Certificate from Maharashtra Industrial Development Corporation, Ahilyanagar (MIDC), NexSteer has submitted the Application to MIDC for assignment of the said leasehold rights in land and the building thereon, in favour of DriveSys. The proposed transaction is subject to MIDC Permission, and will be executed, at Arm’s length price, only after the receipt of MIDC Permission.

The above information is a part of company’s filings submitted to BSE.

ZF Steering Gear (I) Share Price

785.80 -20.55 (-2.55%)
04-May-2026 16:59 View Price Chart
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