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.

Force Motors reported total sales of 3,802 units in August 2026, a growth of 58.22% YoY compared to 2,403 units in the same month last year.

Sales performance snapshot

The year-on-year comparison highlights a significant volume jump for the month of August 2026. The table below captures the key sales figures:

Domestic vs export split

The growth was driven primarily by domestic demand. Sales of small commercial vehicles (SCV), light commercial vehicles (LCV), utility vehicles (UV) and sports utility vehicles (SUV) in the domestic market rose 62.14% YoY to 3,721 units, up from 2,295 units in August 2025.

In contrast, export volumes contracted. Export sales for the same vehicle categories fell 25% YoY to 81 units, down from 108 units in the prior-year period.

What the numbers show

The 58.22% YoY rise in total sales volume represents a notable acceleration for Force Motors. The absolute addition of approximately 1,399 units over the prior-year August figure underscores the scale of the improvement in dispatches during the period. The divergence between domestic growth and export contraction indicates that the overall performance was heavily reliant on the Indian market, where domestic sales accounted for 97.9% of total volumes in August 2026.