Force Motors Limited has completed a significant acquisition by purchasing the entire shareholding of Veera Tanneries Private Limited (VTPL) for ₹161.96 crores. The company executed a Share Purchase Agreement on 23rd April, 2026, marking the completion of the acquisition process that was initially disclosed in February 2026.

Acquisition Details

The transaction involved the execution of a Share Purchase Agreement between Force Motors Limited, Veera Tanneries Private Limited, and the shareholders of VTPL. Following this acquisition, VTPL has become a wholly owned subsidiary of Force Motors Limited.

Regulatory Compliance

The acquisition has been disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Force Motors had previously informed the stock exchanges about this acquisition through intimations dated 4th February, 2026 and 6th February, 2026.

The company has confirmed that all required disclosures under SEBI LODR Regulations, in line with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated 30th January, 2026, were already furnished in their previous intimation dated 4th February, 2026.

Corporate Structure Impact

With the completion of this acquisition, Veera Tanneries Private Limited now operates as a wholly owned subsidiary of Force Motors Limited. This strategic move expands Force Motors' business portfolio and strengthens its operational capabilities through vertical integration in the tannery sector.

The acquisition represents a significant investment by Force Motors, demonstrating the company's commitment to expanding its business operations and diversifying its revenue streams through strategic acquisitions in complementary industries.

Force Motors Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was filed with both BSE Limited and National Stock Exchange of India Limited on April 14, 2026.

Regulatory Compliance Filing

The certificate was signed by Rohan Sampat, Company Secretary & Compliance Officer of Force Motors Limited, and submitted to the stock exchanges as part of mandatory regulatory requirements. The document references the company's scrip code 500033 on BSE and symbol FORCEMOT on NSE.

Registrar Confirmation

The compliance certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the registrar and share transfer agent for Force Motors Limited. The registrar, holding SEBI registration number INR000004058, provided confirmation dated April 6, 2026.

Dematerialisation Process Compliance

According to the certificate issued by MUFG Intime India, all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly confirmed to the depositories. The registrar confirmed that:

• Securities received for dematerialisation were confirmed or rejected within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners
• All listed securities comply with stock exchange requirements

Corporate Information

Force Motors Limited, incorporated under CIN L34102PN1958PLC011172, maintains its registered office at Mumbai-Pune Road, Akurdi, Pune – 411035. The company's registrar MUFG Intime India Private Limited operates from Block No 202, 2nd Floor, Akshay Complex, Off Dhole Patil Road, Pune - 411001.

The certificate was signed by Ashok Shetty, Vice President – Corporate Registry at MUFG Intime India Private Limited, confirming the proper execution of all dematerialisation processes during the specified quarter.