Force Motors Ltd

Dematerialisation status

• Dematerialisation requests received during the quarter were confirmed to the depositories as accepted or rejected.
• Securities dematerialised have been listed on the stock exchanges where the earlier securities are listed.
• Physical certificates were mutilated and cancelled after due verification, with depository's name substituted as registered owner within timelines.

Force Motors Limited – Trading window closed from 1 October 2026 until the completion of 48 hours after the announcement of Unaudited Standalone and Consolidated Financial Results for quarter and half year ended 30 September 2026

Transferability restrictions removal on physical shares

• Approved removal of transfer restrictions on 27,600 A shares and 1,15,748 Second A shares.
• Subject to shareholder approvals and other regulatory clearances.
• Board meeting date: 25 September 2026.
• Shares are currently not listed on BSE or NSE.

Meeting Details

• Board meeting scheduled for 25 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve removal of transfer restrictions on 27,600 'A' shares and 1,15,748 'Second A' shares.
• Rights of A and Second A shares to be varied as per Section 48 of Companies Act 2013.

Other Notes

• Shares are not listed on BSE/NSE; intimation is for information purposes.

ESG rating clarification

• Niche assigned ESG rating 66 to Force Motors per BSE update on 17 September 2026.
• Force Motors has not engaged Niche for ESG rating; rating based on public-domain information.
• No ESG report has been issued by Niche to the company.
• Rating information is available on Force Motors' website.

AGM Details

• Date: 16 September 2026.
• Start: 3:00 PM; End: 4:42 PM.
• Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM).
• Record date: 09 September 2026.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements; Passed.
• Resolution 2 (Ordinary): Dividend declaration; Passed.
• Resolution 3 (Ordinary): Re-appointment of MD by rotation; Passed.
• Resolution 4: Charitable contributions; Not passed.
• Resolution 5: Ratification of remuneration to Cost Accountants; Passed.
• Resolution 6: Re-appointment of independent director Bhanshali; Passed.
• Resolution 7: Re-appointment of independent director Patel; Passed.
• Resolution 8: Re-appointment of Sonia Prashar; Passed.
• Resolution 9: Amendment to MOA object clause; Passed.

Dividend

• Dividend declared for FY ended 31 March 2026; amount per share not disclosed.

Director Changes

• MD re-appointed by rotation.
• Independent directors Bhanshali, Patel, and Sonia Prashar appointed.

Auditors

• Remuneration for Cost Accountants ratified.

Other Material Approvals

• Amendment to Object Clause of Memorandum of Association approved.

AGM details

• AGM held on 16 September 2026 at 3:00 PM via VC/OAVM.
• Registered office deemed venue; webcast accessible to members.

Key resolutions

• Ordinary: adopt audited standalone and consolidated financial statements.
• Ordinary: declare dividend for FY ended 31 March 2026.
• Ordinary: re-appoint Prasan Abhaykumar Firodia as director on rotation.
• Ordinary: contributions to bona fide charitable funds.
• Ordinary: ratify remuneration to cost accountants.
• Special: re-appoint Vallabh Bhanshali as Independent Director.
• Special: re-appoint Mukesh Mangalbhai Patel as Independent Director.
• Special: re-appoint Sonia Prashar as Independent Director.
• Special: amend the Object Clause of the MOA.

Voting results

• Voting results to be declared per statutory timelines; not disclosed in filing.

Dividend

• Dividend declared/proposed for FY ended 31 March 2026; amount per share not disclosed.

Director changes

• Re-appointment of Prasan Abhaykumar Firodia as director on rotation (Managing Director).
• Re-appointments of Independent Directors: Vallabh Bhanshali, Mukesh Patel, Sonia Prashar.

Auditors

• Statutory auditors attended; no changes in appointment disclosed.

Related party transactions

• No material related party transactions disclosed in AGM proceedings.

Other material approvals

• Amendment to the Object Clause of the Memorandum of Association.

Sales performance

• Domestic sales totaled 3,721 units in August 2026, up 62.14% YoY.
• Export sales totaled 81 units in August 2026, down 25% YoY.
• Total sales (Domestic + Export) reached 3,802 units in August 2026, up 58.22% YoY.