Meeting Details

The 57th Annual General Meeting of Force Motors Limited was held on Wednesday, 16th September, 2026, at 3:00 p.m. through Video Conferencing at the Registered office of the Company at Mumbai-Pune Road, Akurdi, Pune - 411 035.

The meeting commenced at 3:00 PM and concluded at 4:42 PM.

Voting Process

Pursuant to section 108 of the Companies Act, 2013 and Regulation 44 of SEBI LODR Regulations, 2015, the company provided facility for:

  • Remote e-voting period: Saturday, 12th September, 2026 (09:00 a.m. IST) to Tuesday, 15th September, 2026 (05:00 p.m. IST)
  • E-voting during the AGM on 16th September, 2026

Cut-off date for shareholder eligibility: Wednesday, 9th September, 2026 (end of day)

Scrutinizer Appointment and Report

Mr. Parag Pansare, Chartered Accountant (Membership No. 117309), was appointed as scrutinizer by the Board of Directors in their meeting dated 29th July, 2026. He submitted his report on 17th September, 2026.

The e-voting service provider was National Securities Depository Limited (NSDL).

Shareholder Participation

  • Total number of shareholders on record date: 108,039
  • Shareholders present through video conferencing: 74 (2 Promoters/Promoter Group + 72 Public)
  • No shareholders attended in person or through proxy

Voting Results Summary

All 9 resolutions (Resolution nos. 1 to 9) were carried with requisite majority.

Resolution-wise Detailed Results:

Resolution No. 1 - Ordinary Resolution

To consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, with Board's Report and Auditors' Report.

  • Total votes polled: 9,107,242 (69.1186% of outstanding shares)
  • Votes in favor: 9,106,188 (99.9884%)
  • Votes against: 1,054 (0.0116%)
  • Promoter group: 100% in favor (8,113,097 votes)
  • Public institutions: 99.9% in favor (974,232 votes for, 975 against)
  • Public non-institutions: 99.5828% in favor (18,859 votes for, 79 against)

Resolution No. 2 - Ordinary Resolution

To declare dividend for Financial Year ended March 31, 2026.

  • Total votes polled: 9,109,656 (69.1369% of outstanding shares)
  • Votes in favor: 9,109,577 (99.9991%)
  • Votes against: 79 (0.0009%)
  • Promoter group: 100% in favor
  • Public institutions: 100% in favor
  • Public non-institutions: 99.5786% in favor (18,669 votes for, 79 against)

Resolution No. 3 - Ordinary Resolution

To appoint Mr. Prasan Abhaykumar Firodia (DIN: 00029664), Managing Director, who retires by rotation.

  • Total votes polled: 9,109,392 (69.1349% of outstanding shares)
  • Votes in favor: 8,776,085 (96.3411%)
  • Votes against: 333,307 (3.6589%)
  • Promoter group: 100% in favor
  • Public institutions: 65.9308% in favor (644,505 votes for, 333,042 against)
  • Public non-institutions: 98.5865% in favor (18,483 votes for, 265 against)

Resolution No. 4 - Ordinary Resolution

Contribution to bona fide charitable and other funds.

  • Total votes polled: 9,109,116 (69.1328% of outstanding shares)
  • Votes in favor: 8,262,805 (90.7092%)
  • Votes against: 846,311 (9.2908%)
  • Promoter group: 100% in favor
  • Public institutions: 14.1316% in favor (138,104 votes for, 839,168 against)
  • Public non-institutions: 61.8979% in favor (11,604 votes for, 7,143 against)

Resolution No. 5 - Ordinary Resolution

Ratification of remuneration to be paid to Cost Accountants.

  • Total votes polled: 9,109,392 (69.1349% of outstanding shares)
  • Votes in favor: 9,109,312 (99.9991%)
  • Votes against: 80 (0.0009%)
  • Promoter group: 100% in favor
  • Public institutions: 100% in favor
  • Public non-institutions: 99.5733% in favor (18,668 votes for, 80 against)

Resolution No. 6 - Special Resolution

Re-appointment of Mr. Vallabh Roopchand Bhanshali (DIN: 00184775) as Independent Director.

  • Total votes polled: 9,109,311 (69.1343% of outstanding shares)
  • Votes in favor: 9,108,404 (99.9900%)
  • Votes against: 907 (0.0100%)
  • Promoter group: 100% in favor
  • Public institutions: 99.9353% in favor (976,915 votes for, 632 against)
  • Public non-institutions: 98.5268% in favor (18,392 votes for, 275 against)

Resolution No. 7 - Special Resolution

Re-appointment of Mr. Mukesh Mangalbhai Patel (DIN: 00053892) as Independent Director.

  • Total votes polled: 9,109,218 (69.1336% of outstanding shares)
  • Votes in favor: 8,952,811 (98.2830%)
  • Votes against: 156,407 (1.7170%)
  • Promoter group: 100% in favor
  • Public institutions: 84.0282% in favor (821,415 votes for, 156,132 against)
  • Public non-institutions: 98.5194% in favor (18,299 votes for, 275 against)

Resolution No. 8 - Special Resolution

Re-appointment of Ms. Sonia Prashar (DIN: 06477222) as Independent Director.

  • Total votes polled: 9,109,311 (69.1343% of outstanding shares)
  • Votes in favor: 8,959,819 (98.3589%)
  • Votes against: 149,492 (1.6411%)
  • Promoter group: 100% in favor
  • Public institutions: 84.7270% in favor (828,246 votes for, 149,301 against)
  • Public non-institutions: 98.9768% in favor (18,476 votes for, 191 against)

Resolution No. 9 - Special Resolution

Amendment of the Object Clause of the Memorandum of Association.

  • Total votes polled: 9,109,312 (69.1343% of outstanding shares)
  • Votes in favor: 9,109,222 (99.9990%)
  • Votes against: 90 (0.0010%)
  • Promoter group: 100% in favor
  • Public institutions: 100% in favor
  • Public non-institutions: 99.5179% in favor (18,578 votes for, 90 against)

General Company Information

  • MSEI Symbol: NOTLISTED

Certification

The results were digitally signed by Rohan Sampat, Company Secretary & Compliance Officer (M. No.: F14037) on September 18, 2026.