We, ZF Steering Gear (India) Limited, have vide its letter dated November 19, 2022, had informed about the communication received by the Company, from ZF Friedrichshafen AG (ZF AG), in relation to infringement of trademark. Amongst other things ZF AG has allegedly demanded a sum of Rs. 100 crore in damages from the Company and also provided an option to the Company, to meet and discuss the matter. The Authorised representatives do the Companu did have discussions with ZF AG, on without prejudice basis. However, ZF AG abruptly closed negotiation discussions. The Company hereby informs that the Company has filed commercial suits before Hon'ble District Court of Pune, on June 30, 2023.