BSECompany Update3 Sept 2026 · 3 Sept 2026, 04:34 pm
DriveSys Systems Private Limited, a Wholly Owned Subsidiary of the Company, has acquired additional land adjacent to the existing project site, being plot no. E-10 admeasuring approximately ....
ZF Steering Gear India Ltd-$ · 505163
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ZF Steering Gear India Ltd's wholly owned subsidiary, DriveSys Systems Private Limited, has acquired additional land adjacent to its existing project site for the Aluminium Project, facilitating expansion and development.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment7/10
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Full Announcement
ZF Steering Gear India Ltd-$ - 505163 - Acquisition Of Additional Land Adjacent To The Existing Project Site Of Drivesys Systems Private Limited, A Wholly Owned Subsidiary Of The Company.
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September 3, 2026
BSE Limited
25th Floor, P. J. Towers,
Dalal Street, Fort,
Mumbai- 400 001
Sub: Acquisition of additional land adjacent to the existing project site of Drivesys
Systems Private Limited, Wholly Owned Subsidiary of the Company.
- Updates on Subsidiary.
Ref: BSE Scrip Code 505163.
Dear Sir/ Madam,
This is in continuation of our earlier communication dated July 24, 2026 regarding the revision
in the Project Cost for the Aluminium Project of DriveSys Systems Private Limited (DriveSys),
a wholly owned subsidiary of the Company.
We wish to inform you that subsequent to the aforesaid communication, DriveSys has acquired
additional land adjacent to the existing project site, being Plot No. E-10 admeasuring
approximately 25,882 sq. mtrs., situated at Supa Parner Industrial Park, Supa, Tal. Parner Dist.
Ahilyanagar, Maharashtra – 414301 for the purpose of the Aluminium Project. The acquisition
of the aforesaid additional land has been made pursuant to the communication issued by
Maharashtra Industrial Development Corporation (MIDC) dated September 2, 2026.
The acquisition of the additional land will facilitate the proposed expansion and development of
the Aluminium Project of DriveSys and provide additional space for the proposed manufacturing
facilities and related infrastructure.
The above information is being disclosed pursuant to the applicable provisions of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
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This is for your information and records.
Thank you
Yours faithfully,
for ZF Steering Gear (India) Limited
Satish Mehta
Company Secretary & Compliance Officer
Membership No. F3219
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