The board of directors of ZF Steering Gear (India) Limited at its meeting held on April 29, 2023, had recommended dividend of INR 5 per equity share of INR 10 each for the financial year 2022-23, subject to the approval the members at the 43rd annual general meeting scheduled to be held on September 16, 2023. Dividend, if declared by the members of the company at the AGM, will be paid within 30 days of the date of conclusion of the annual general meeting, to those members whose names appear as Beneficial Owners to be furnished by the depositories in respect of equity shares held in electronic form and whose names appear in the Register of Members of the Company. In terms of provisions of the Income Tax Act, 1961, as amended by Finance Act, 2020, dividend paid by Company on or after April 1, 2020, shall be taxable in the hands of the shareholders Therefore, the Tax Deducted at Source (TDS) will be deducted at appropriate rates at the time of payment of dividend.