The Board of Directors of Force Motors approved a proposal to alter the Object Clause of its Memorandum of Association (MoA) during a meeting held on July 29, 2026. This strategic amendment seeks to broaden the company’s operational scope, enabling it to embark on new projects that can be conveniently combined with its existing business activities. Crucially, the revised clause will allow Force Motors to cater to requirements for power generation, either for captive use or for external commercial supply, signaling a potential expansion into energy infrastructure alongside its core automotive operations.

The decision was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The Board considered the proposal during a meeting that commenced at 02:56 p.m. and concluded at 04:23 p.m. on Wednesday, July 29, 2026. While the Board has approved the alteration, the change is not yet effective; it remains subject to the approval of the company’s shareholders. Management indicated that details regarding the process for seeking member approval would be intimated in due course.

Details of the Proposed Alteration

The alteration is designed to make the Objects Clause more comprehensive. According to the disclosure filed with the exchanges, the specific changes aim to cover a wide range of activities. This flexibility is intended to facilitate the consideration of new projects without requiring frequent amendments to the foundational documents. The inclusion of power generation activities suggests a move towards energy self-sufficiency or potentially becoming a power supplier, which could impact future capital expenditure plans and revenue streams.

Regulatory Compliance and Disclosures

The intimation was issued under clause 14 of para A of part A of Schedule III, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company notified both the BSE Limited and the National Stock Exchange of India Ltd. of the outcome. Rohan Sampat, Company Secretary & Compliance Officer (M. No.: F14037), signed the disclosure on behalf of the company.

This expansion of the object clause is a procedural step that provides legal cover for diversification. For investors, the key takeaway is the explicit mention of "external commercial supply" of power, which may indicate a strategic pivot or a response to rising energy costs in manufacturing. The actual impact on financials will depend on whether these new activities are pursued aggressively and how they are funded. Until shareholder approval is secured, the company’s legal capacity to engage in these new ventures remains constrained by the existing MoA.

Force Motors Limited has accepted the resignation of Amit Pramod Joshi from the position of Associate Vice President, effective July 17, 2026. Joshi, who was designated as Senior Management Personnel (SMP), stepped down due to personal reasons. The company confirmed that his resignation was tendered via a letter dated July 17, 2026, and he was relieved from his duties on the same day.

The resignation was intimated to BSE Limited and the National Stock Exchange of India Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The requisite disclosures, including the reason for cessation and a copy of the resignation letter, were submitted as Annexure-A and Annexure-B respectively.

Joshi was associated with the Corporate Strategy department. In his resignation letter addressed to the Managing Director, he expressed gratitude for the support and cooperation extended during his tenure. The company has made the relevant documents available on its official website.

Key Details of Resignation

The disclosure was filed by Rohan Sampat, Company Secretary & Compliance Officer of Force Motors Limited. The company's registered office is located on the Mumbai-Pune Road in Akurdi, Pune.