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 announced a board meeting scheduled for Wednesday, April 29, 2026, to review its financial performance for the fourth quarter and full year ended March 31, 2026. The company informed stock exchanges about this development through a regulatory filing dated April 22, 2026, signed by Company Secretary and Compliance Officer Rohan Sampat.

Board Meeting Agenda

The board meeting will focus on two primary objectives as outlined in the company's communication to BSE Limited and National Stock Exchange of India Limited. The directors will deliberate on key financial matters that require board approval before public disclosure.

Financial Results and Dividend Consideration

The board will consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Additionally, directors will evaluate potential dividend recommendations, though any dividend declaration remains subject to approval by members in the ensuing Annual General Meeting.

The company's approach reflects standard corporate governance practices, ensuring proper board oversight of financial reporting and shareholder return policies. The regulatory filing emphasizes that dividend consideration is contingent upon board discretion and subsequent shareholder approval.

Trading Window Restrictions

In compliance with SEBI regulations and the company's internal code of conduct, Force Motors has implemented trading window restrictions for designated persons and their immediate relatives. The trading window closure became effective from April 1, 2026, and will remain in place until May 1, 2026.

This measure ensures compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, preventing any potential misuse of unpublished price-sensitive information ahead of the financial results announcement.

Regulatory Compliance

The intimation was filed under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent communication with stakeholders. The filing was digitally signed by Rohan Sampat, Company Secretary and Compliance Officer (Membership No: A33820), ensuring proper authorization and documentation of the board meeting schedule.

The company maintains its registered office at Mumbai-Pune Road, Akurdi, Pune, and continues to uphold regulatory compliance standards in its corporate communications.