Force Motors has reported a positive sales performance for March 2026, with total vehicle sales reaching 4,199 units compared to 3,700 units in March 2025. This achievement represents a notable year-on-year growth of 13.49%, reflecting the company's strengthened market position despite challenges in export markets.

March 2026 Sales Performance Breakdown

The commercial vehicle manufacturer's March sales figures demonstrate sustained growth momentum driven primarily by domestic market performance. The company's regulatory filing under Regulation 30 of SEBI regulations provides detailed insights into both domestic and export sales performance.

Domestic Market Strength

Force Motors demonstrated robust domestic performance with 4,126 units sold in March 2026, representing a significant 14.42% increase from 3,606 units in March 2025. The domestic segment, comprising Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV), showed strong market acceptance and operational efficiency.

Export Challenges

The export segment faced headwinds with sales declining to 73 units in March 2026 from 94 units in March 2025, marking a 22.34% decrease. According to the company's regulatory filing, export volumes have been impacted by ongoing geopolitical tensions, especially in the Middle East region.

Regulatory Compliance and Market Position

The sales data was submitted in advance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparency. The overall 13.49% growth in total sales indicates Force Motors' ability to navigate market challenges while maintaining competitive positioning in the commercial vehicle segment.

Force Motors Limited has successfully concluded its postal ballot process and submitted the scrutinizer's report to stock exchanges, with shareholders overwhelmingly approving the appointment of three independent directors to the company's board. The automotive manufacturer announced the voting results on 17th March, 2026, following the completion of remote e-voting that concluded on 14th March, 2026.

Regulatory Compliance and Submission

The company submitted the scrutinizer's report and declaration of results to both BSE Limited (Scrip Code: 500033) and National Stock Exchange of India Ltd. (NSE Symbol: FORCEMOT) pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission was made in continuation to the company's intimation letter dated 12th February, 2026, regarding the postal ballot process.

Scrutinizer Appointment and Process

Mr. Parag Pansare, Practising Chartered Accountant (Membership No. 117309), served as the scrutinizer for the postal ballot process conducted pursuant to Sections 110 and 108 of the Companies Act, 2013. The scrutinizer submitted his report on 16th March, 2026, confirming that all three special resolutions were approved by members with requisite majority.

Independent Director Appointments and Voting Results

Shareholders approved three special resolutions for the appointment of independent directors, each for a first term of five years:

Resolution 1: Mr. Gautam Hemant Bambawale

Mr. Gautam Hemant Bambawale (DIN: 08365776) was appointed as an Independent Director effective Friday, 19th December, 2025.

Resolution 2: Mr. Nitin Nandkishor Kareer

Mr. Nitin Nandkishor Kareer (DIN: 01624863) was appointed as an Independent Director effective Friday, 19th December, 2025.

Resolution 3: Lt. Gen. Vinod Gulabrao Khandare (Retd.)

Lt. Gen. Vinod Gulabrao Khandare (Retd.) (DIN: 11363013) was appointed as an Independent Director effective Thursday, 29th January, 2026.

Voting Participation and Compliance

The postal ballot witnessed significant participation with 9,493,572 votes polled out of 13,176,262 total shares, representing 72.05% voting participation. The promoter and promoter group demonstrated complete support with 100% votes in favor across all three resolutions. Public institutions and non-institutions also showed strong support, with approval rates exceeding 98% for all appointments.

The company has made the scrutinizer's report and detailed voting results available on its website at www.forcemotors.com and on NSDL's e-voting platform at www.evoting.nsdl.com . All three resolutions became effective from 14th March, 2026, the last day of remote e-voting. The scrutinizer's report was accepted by Chairman Ashaykumar Navalmal Firodia (DIN: 00025179) on behalf of Force Motors Limited.