Meeting Details

  • Date and Time: Monday, 26th October, 2026 at 04:00 P.M. (IST)
  • Location/Format: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue is the Registered Office of the Company.
  • Type of Meeting: 02/2026-27 Extraordinary General Meeting (EGM) of the 'Second A' Equity Shareholders.

Proposed Resolution and Implications

The single special business item is to consider and approve the proposal for variation in the restrictions, terms and conditions of 1,15,748 'Second A' Equity Shares.

Key Implications of the Resolution:

  • Removal of all restrictions on transferability and other incidental conditions on these shares, effective from the date of the EGM.
  • The words 'Second A' will be omitted from the name of these equity shares.
  • The shares shall become freely transferable as per Section 58 of the Companies Act, 2013, subject to receipt of listing and trading approval from BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).
  • Upon listing, these shares will rank pari passu in all respects with the existing equity shares of the Company that are currently listed and traded.
  • The Board of Directors is authorized to execute all necessary documents and filings with the Registrar of Companies, Pune, Stock Exchanges, SEBI, and other regulatory authorities to implement the resolution.

Historical Context (From Explanatory Statement):

The 1,15,748 'Second A' Equity Shares were issued in 1984 to permanent employees with more than 5 years of service, following approval from the Ministry of Finance, Department of Economic Affairs (Order dated 15th December, 1984). The original terms included non-transferability for 5 years and even thereafter, transfer was permitted only to other permanent employees. The company states the move to remove restrictions is for the benefit of the former employees/their legal heirs who hold these physical shares and face liquidity issues, as the shares are currently unlisted.

Voting Process

  • Remote e-Voting Facility: Provided through National Securities Depository Limited (NSDL).
  • Remote e-Voting Period: Begins on Thursday, October 22, 2026, at 9:00 A.M. (IST) and ends on Sunday, October 25, 2026, at 5:00 P.M. (IST).
  • Voting at EGM: Members present at the EGM through VC/OAVM who have not cast their vote via remote e-voting will be allowed to vote through the e-Voting system during the meeting. The remote e-Voting module will be disabled 15 minutes after the conclusion of the EGM.
  • Cut-off Date: Monday, October 19, 2026. Members registered in the Register of Members as of this date are entitled to vote.
  • Voting Rights: Voting rights shall be in proportion to the share in the paid-up equity share capital of the Company as on the cut-off date.

Scrutinizer Appointment and Result Declaration

  • Scrutinizer: Mr. Parag Pansare, Chartered Accountant, has been appointed to scrutinize the e-Voting process in a fair and transparent manner.
  • Result Process: The Scrutinizer will count the votes cast during the EGM and then unblock the votes cast through remote e-voting. A Consolidated Scrutinizer's Report will be submitted to the Chairman within two working days of the conclusion of the EGM.
  • Result Declaration: The Chairman or an authorized person will declare the result forthwith after countersigning the Scrutinizer's Report.
  • Result Dissemination: The Voting Results and Scrutinizer's Report will be placed on the Company's website (www.forcemotors.com) and NSDL's website (www.evoting.nsdl.com). The results will also be forwarded to BSE and NSE.

Compliance with Laws and Regulations

The notice and meeting arrangements are made in compliance with:

  • Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Sections 48, 58(2), 102, 103, and 108 of the Companies Act, 2013.
  • Rule 20 of the Companies (Management and Administration) Rules, 2014.
  • Secretarial Standard – 2 (SS-2) on General Meetings issued by the ICSI.
  • General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs (MCA), allowing EGMs through VC/OAVM without physical presence.
  • Relevant SEBI and MCA circulars.

Other Relevant Information

  • Share Characteristics: The 1,15,748 'Second A' Equity Shares are held in physical mode and are currently not listed on BSE (Scrip Code: 500033) or NSE (Symbol: FORCEMOT).
  • Notice Dispatch: The notice was dispatched electronically on 1st October 2026 to members with registered email addresses. Physical letters with weblinks were sent to members whose email addresses are not registered.
  • Document Inspection: The documents referred to in the notice are available for inspection on the company's website at https://www.forcemotors.com/.
  • Quorum: Members attending through VC/OAVM will be counted for quorum under Section 103 of the Companies Act, 2013.
  • Proxy: The facility to appoint a proxy is not available for this EGM as physical attendance is dispensed with.
  • Pre-registration for Speaking: Members wishing to speak during the EGM were required to pre-register by email at least 10 days prior to the meeting.