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Commercial Vehicle Solutions
ZF Group · ZF Commercial Vehicle Control Systems India Limited, Chennai 600058
Department Finance
From C V Kavviya
Phone +91 044-4224 2000
Email cv.kavviya@zf.com
Date October 2, 2026
The Manager
Listing Department
BSE Limited, Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai 400 001 Scrip code: 533023
Listing Department
National Stock Exchange of India Ltd
Exchange Plaza, C-1, Block G
Bandra - Kurla Complex
Bandra (E), Mumbai 400 051 Trading Symbol: ZFCVINDIA
ISIN : INE342J01019
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Favourable Order received from the Office of the
Commissioner (Appeals)
Ref: Earlier Stock Exchange intimation dated 12th February 2025 regarding the receipt of the
order from Office of the Commissioner of CGST & Central Excise, Jamshedpur for the recovery
of excess/irregular/ineligible ITC availed and utilized by the company.
The Hon’ble Office of the Commissioner (Appeals) has allowed the appeal and passed a
favourable order, setting aside the demand imposed by the Office of the Commissioner of
CGST & Central Excise, Jamshedpur as intimated earlier and referred above. The appellate
authority has dropped the proceedings initiated against the Company for the recovery of
excess/irregular/ineligible ITC availed and utilized amounting to Rs. 1,79,04,715/- (IGST) and
a penalty of Rs. 17,90,472/-.
In this regard, the details required under Regulation 30 of the SEBI LODR Regulations, read
with the Industry Standards on Regulation 30 disclosures issued by SEBI, are enclosed as
Annexure-1.
ZF Group
ZF Commercial Vehicle Control Systems India Limited
(Formerly known as WABCO INDIA Limited)
Plot No.3 (SP), Third Main Road,
Registered Office: Plot No.3 (SP), Third Main Road, Ambattur Industrial Estate,
Ambattur Industrial Estate, Chennai - 600058. India Chennai - 600058. India
CIN: L34103TN2004PLC054667 Phone: +91 44 4224 2000
Phone: +91 44 42242000. Fax: +91 44 42242009 Fax: +91 44 4224 2009
www.zf.com www.zf.com
The Company hereby confirms that the information furnished in Annexure-1, pursuant to
Regulation 30(13) of the SEBI LODR Regulations, is true, correct, and complete to the best
of its knowledge and belief.
Please acknowledge the receipt of the letter.
Thanking you,
Yours sincerely,
For ZF Commercial Vehicle Control Systems India Limited
C V Kavviya
Company Secretary & Compliance Officer
ZF Group
ZF Commercial Vehicle Control Systems India Limited
(Formerly known as WABCO INDIA Limited)
Plot No.3 (SP), Third Main Road,
Registered Office: Plot No.3 (SP), Third Main Road, Ambattur Industrial Estate,
Ambattur Industrial Estate, Chennai - 600058. India Chennai - 600058. India
CIN: L34103TN2004PLC054667 Phone: +91 44 4224 2000
Phone: +91 44 42242000. Fax: +91 44 42242009 Fax: +91 44 4224 2009
www.zf.com www.zf.com
Annexure-1
Disclosure by ZF Commercial Vehicle Control Systems India Limited regarding receipt of communication
from regulatory, statutory, enforcement or judicial authority under the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015
[Regulation 30(13) – Disclosure of communication from regulatory, statutory, enforcement or judicial
authority]
S.No Particulars Details
1. Name of the listed company ZF Commercial Vehicle Control Systems India
Limited
2. Type of communication received Order received from the Hon’ble Commissioner
(Appeals), through email dated 1st October 2026
3. Date of receipt of communication October 1, 2026
• 4. Authority from whom communication The Commissioner (Appeals)
received
5. Brief summary of the material The Company has received a favourable order from
contents of the communication the Hon’ble Commissioner (Appeals), allowing its
received, including reasons for receipt appeal and setting aside the demand of
of the communication excess/irregular/ineligible Input Tax Credit (ITC)
allegedly availed and utilized for the Financial Year
(FY) 2020-21. The demand of ITC was originally
made on the ground that there is mismatch of ITC
between GST monthly returns and the Annual
Return, without considering the reconciliations
provided. The Company clearly demonstrated with
documentary evidence that there was no excess
availment of ITC. The set aside demand amounts
to Rs. 1,79,04,715/- under IGST, along with the
associated penalty of Rs. 17,90,472/- previously
imposed by the Commissioner of CGST & Central
Excise, Jamshedpur.
6. Period for which communication Financial Year (FY) 2020-21
would be applicable, if stated
7. Expected financial implications on the Pursuant to the favourable order, there is no
listed company, if any material impact on the financial position, operations,
or other activities of the Company.
8. Details of any aberrations/non- Nil
compliances identified by the
authority in the communication
9. Details of any penalty or restriction or Nil
sanction imposed pursuant to the
communication
10. Action(s) taken by listed company Nil
with respect to the communication
11. Any other relevant information Nil
ZF Group
ZF Commercial Vehicle Control Systems India Limited
(Formerly known as WABCO INDIA Limited)
Plot No.3 (SP), Third Main Road,
Registered Office: Plot No.3 (SP), Third Main Road, Ambattur Industrial Estate,
Ambattur Industrial Estate, Chennai - 600058. India Chennai - 600058. India
CIN: L34103TN2004PLC054667 Phone: +91 44 4224 2000
Phone: +91 44 42242000. Fax: +91 44 42242009 Fax: +91 44 4224 2009
www.zf.com www.zf.com