ZF Commercial Vehicle Control Systems India Limited — Others, 01-08-2025: Action(s) initiated or orders passed

ZF Commercial Vehicle Control Systems India has received an order from the Customs Authority demanding INR 21.06 Cr, plus interest and an equal penalty. This relates to an alleged incorrect classification of imported parts for braking systems, leading to a differential duty claim. The company maintains its classification is correct and plans to dispute this demand. Importantly, the company states this order will have no material impact on its financials, operations, or other activities, reassuring shareholders about its business continuity.