BSECompany Update12 Aug 2026 · 12 Aug 2026, 12:07 pm
Receipt of show cause notice
ZF Commercial Vehicle Control Systems India Ltd · 533023
✦ AI SummaryRegulatory
ZF Commercial Vehicle Control Systems India Ltd has received a show cause notice from the Office of the Commissioner of GST & Central Excise, Audit-I Commissionerate, Chennai, proposing a demand of INR 27,99,29,495 primarily on account of excess availment of ITC as reflected in GSTR-9, availment of ineligible ITC, excess availment of ITC on import as compared to GSTR-2B, and ineligible ITC on import on account of time limitation.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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ZF Commercial Vehicle Control Systems India Ltd - 533023 - Disclosure Pursuant To Regulation 30 - Show Cause Notice
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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 August 12, 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: Disclosure pursuant to Regulation 30 – Para B of Part A of Schedule III of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI
Listing Regulations")
Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. This is to inform
that the Company has received a show cause notice from The Office of the Commissioner of GST &
Central Excise, Audit-I Commissionerate, Chennai
In this connection, details are furnished in Annexure-1 as per Regulation 30 of SEBI LODR read with
“Industry Standards Note on Regulation 30 of LODR Regulations” issued by SEBI. We declare that the
information and details provided in Annexure-1 in compliance with Regulation 30(13) of SEBI LODR
herein, are true, correct and complete to the best of our 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 Show Cause notice dated
August 11, 2026 received via e-
mail
3. Date of receipt of communication August 11, 2026
4. Authority from whom communication received The Additional Commissioner
GST & Central Excise, Audit-I
• Commissionerate, Chennai
5. Brief summary of the material contents of the Show Cause Notice issued
communication received, including reasons for receipt of pursuant to audit conducted
the communication under Section 65 of CGST Act,
2017, proposing demand of INR
27,99,29,495 primarily on
account of excess availment of
ITC as reflected in Table 8(D) of
GSTR-9, availment of ineligible
ITC, excess availment of ITC on
import as compared to GSTR-
2B, ineligible ITC on import on
account of time limitation.
6. Period for which communication would be applicable, if April 2020 to March 2024
stated
7. Expected financial implications on the listed company, if There is no material impact of
any the same on financial,
operations or other activities of
the Company.
8. Details of any aberrations/non-compliances identified by As detailed in point 5 above
the authority in the communication
9. Details of any penalty or restriction or sanction imposed The Show Cause Notice
pursuant to the communication Proposes to levy penalty under
Section 74 of the CGST Act
10. Action(s) taken by listed company with respect to the The Company is in the process
communication of filing a detailed response to
the Show Cause Notice
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