Event Details

Force Motors Limited held its 67th Annual General Meeting (AGM) on Wednesday, 16th September, 2026 at 3:00 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted in compliance with relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.

The deemed venue for the AGM was the Registered Office of the Company at Mumbai – Pune Road, Akurdi, Pune – 411 035, Maharashtra.

Meeting Proceedings

Mr. Rohan Sampat, Company Secretary & Compliance Officer, welcomed attendees and explained procedural and technical aspects for participation through VC and remote e-Voting. The Register of Directors and Key Managerial Personnel and their shareholding, and the Register of Contracts or Arrangements were available for electronic inspection on the company website until the end of the AGM.

Mr. Abhaykumar Navalmal Firodia, Chairman of the Board, chaired the meeting. The following directors were introduced and present:

1. Mr. Vallabh Roopchand Bhanshali - Independent Director (Member of Stakeholders' Relationship Committee, Nomination & Remuneration Committee, and Corporate Social Responsibility Committee)

2. Ms. Sonia Prashar - Independent Director

3. Mr. Gautam Hemant Bambawale - Independent Director

4. Mr. Nitin Nandkishor Kareer - Independent Director

5. Lt. Gen. Vinod Gulabrao Khandare (Retd.) - Independent Director

6. Mr. Prasan Abhaykumar Firodia - Managing Director

7. Mr. Prashant Vijay Inamdar - Executive Director (Operations)

Also present were Mr. Rishi Luharuka (Group Chief Financial Officer), representatives of M/s. Kirtane & Pandit LLP (Statutory Auditors), CS. I U Thakur (Secretarial Auditor), and Mr. Parag Pansare (Practicing Chartered Accountant, Scrutinizer).

The company provided a Live Webcast of the proceedings accessible through the National Securities Depository Limited (NSDL) website.

Business Updates

The Chairman delivered an opening speech providing a general overview of the company's working during Financial Year 2025-26.

Mr. Prasan Abhaykumar Firodia, Managing Director, addressed shareholders with an update on the overall business performance during FY 2025-26. He addressed questions from speaker shareholders and provided updates about various markets served by the company and the overall product line. He also shared information on development plans of the company.

A Question and Answer Session was conducted where speaker shareholders expressed opinions, and the Managing Director and Chairman responded to queries/comments.

Resolutions Transacted

The following resolutions from the AGM notice were duly transacted:

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with the Board's Report and Auditors' Report thereon

2. Declaration of dividend for the financial year ended March 31, 2026

3. Appointment of Mr. Prasan Abhaykumar Firodia (DIN: 00029664) who retires by rotation and offered himself for re-appointment

Special Business:

4. Contribution to bona fide charitable and other funds

5. Ratification of remuneration to be paid to Cost Accountants

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

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

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

9. Amendment of the Object Clause of the Memorandum of Association of the Company

Voting Process

The Company Secretary provided instructions regarding e-Voting. Mr. Parag Pansare, Practicing Chartered Accountant, was appointed as scrutinizer to scrutinize the remote e-voting process prior to and during the AGM.

The combined results will be declared as per statutory timelines and will be available on the company website, BSE Limited website, National Stock Exchange of India Limited website, and NSDL website.

Meeting Conclusion

The meeting concluded at 04:42 p.m., including time allowed for e-voting.