Force Motors clarified that it did not engage Niche Ninety Nine Capability and Certifications (OPC) Private Limited for an ESG rating assigned on September 17, 2026.

The company informed the Bombay Stock Exchange and the National Stock Exchange of India Ltd. under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure was made pursuant to SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Rating Details

Niche assigned an ESG rating of 66 to Force Motors. The company received this information from the BSE on September 17, 2026.

Company Clarification

Force Motors stated that no ESG report has been issued by Niche to the company. The rating was independently prepared by the agency based on information available in the public domain. The company emphasized that it had not engaged Niche for any such ESG rating exercise.

The intimation was signed by Rohan Sampat, Company Secretary and Compliance Officer, and made available on the company website.

Force Motors concluded its 67th annual general meeting on September 16, 2026. Shareholders approved all nine resolutions, including the adoption of FY26 financials, dividend declaration, and reappointment of directors.

The meeting was conducted via video conferencing with the deemed venue at the company's registered office in Pune. Chairman Abhaykumar Navalmal Fiordia presided over the proceedings.

Voting Results Overview

All nine resolutions were carried with the requisite majority. The promoter and promoter group held 8,120,347 shares and voted in favor of every resolution, casting 8,113,097 votes (99.91% participation). Public institutions participated significantly, while public non-institutional shareholders had lower engagement.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the session. The board declared a dividend for FY26. Additionally, members approved the reappointment of Mr. Prasan Abhaykumar Firodia as a director, who retires by rotation.

Special business items included contributions to charitable funds and the ratification of remuneration for cost accountants. Shareholders also voted to amend the object clause of the memorandum of association.

Director Reappointments

The meeting saw the reappointment of three independent directors:

• Vallabh Roopchand Bhanshali
• Mukesh Mangalbhai Patel
• Sonia Prashar

Notably, the reappointment of Mr. Mukesh Mangalbhai Patel and Ms. Sonia Prashar faced some opposition from public institutional investors, with approximately 16% and 15% of their votes cast against, respectively. However, strong support from the promoter group ensured passage well above the 75% threshold required for special resolutions.

Management Overview

Managing Director Prasan Abhaykumar Firodia addressed shareholders, providing an update on the company's overall business performance for FY26. He discussed various markets served by the firm and outlined general development plans.

A question-and-answer session followed, where management responded to queries from speaker shareholders. The statutory auditors, Kirtane & Pandit LLP, and secretarial auditor CS I U Thakur were present. No qualifications or adverse remarks were noted in their respective reports.

Procedural Details

Company Secretary Rohan Sampat explained the e-voting process. Mr. Parag Pansare, a practicing chartered accountant, served as the scrutinizer for the remote e-voting process. The combined results were declared as per statutory timelines. Remote e-voting was open from September 12 to September 15, 2026.