ZF Commercial Vehicle Control Systems India Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, issued by V Suresh Associates, confirms the company’s adherence to various statutory provisions and good corporate practices. The document details compliance across key areas including secretarial standards, policy adoption, website maintenance, and related party transactions, indicating a satisfactory level of corporate governance for the period under review.
ZF Commercial Vehicle Control Systems India Limited Submits Annual Secretarial Compliance Report
ZF Commercial Vehicle Control Systems India Limited has officially released its Annual Secretarial Compliance Report for the financial year that concluded on March 31, 2026. This crucial report, prepared by V Suresh Associates, Practising Company Secretaries, serves to document the company’s compliance with applicable statutory provisions and its adherence to good corporate governance practices throughout the review period.
Key Findings of the Compliance Report
The report, compiled based on a thorough examination of the company’s records, filings, and information provided by its management, indicates that ZF Commercial Vehicle Control Systems India Limited has largely complied with the relevant regulations. The examination covered adherence to the SEBI Act and the Securities Contracts (Regulation) Act, along with associated rules, regulations, circulars, and guidelines.
Areas of Compliance Examined:
- Secretarial Standards: The company’s compliances are in accordance with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries India (ICSI).
- Policy Adoption and Updation: All applicable policies under SEBI Regulations have been adopted with board approval and are kept current as per SEBI guidelines.
- Website Maintenance: The listed entity maintains a functional website with timely dissemination of information and accurate web-links for corporate governance reports.
- Director Disqualification: No director is disqualified under Section 164 of the Companies Act, 2013.
- Subsidiaries: Details related to material subsidiary companies were examined. The company has one wholly-owned subsidiary as of March 31, 2026.
- Document Preservation: Records are being preserved as per SEBI Regulations and archival policies.
- Performance Evaluation: The company has conducted performance evaluations for the Board, Independent Directors, and Committees as prescribed.
- Related Party Transactions: Prior approval from the Audit Committee has been obtained for all related party transactions.
- Disclosure of Events: All required disclosures under Regulation 30 of SEBI LODR Regulations, 2015, have been provided within the prescribed timelines.
- Prohibition of Insider Trading: The company is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
- Actions by SEBI/Stock Exchanges: No adverse actions have been taken against the entity by SEBI or Stock Exchanges during the review period.
- Statutory Auditors: The report noted that no instances of statutory auditor resignation occurred during the audit period.
- Additional Non-compliances: No additional non-compliances were observed.
The report also confirms that the listed entity is in compliance with the disclosure requirements for Employee Benefit Scheme documents as per regulation 46(2)(za) of the LODR Regulations.
Scope and Limitations
The report clarifies that the responsibility for compliance with applicable laws and the authenticity of provided information rests with the management of the listed entity. The review by V Suresh Associates was based on the documents and information made available and does not constitute an audit or an expression of opinion on the company’s financial records. This report is intended solely for the purpose of compliance with Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
