Force Motors submits FY26 sustainability report to stock exchanges

scanx
Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Force Motors filed its FY26 BRSR report with BSE and NSE on August 25, 2026
  • TÜV SÜD provided reasonable assurance on nine core sustainability attributes
  • Company reported turnover of ₹9,05,654 lakhs and net worth of ₹4,26,413 lakhs
  • Total energy consumption was 3,66,555 GJ with 10,230 MT Scope 1 emissions
powered bylight_fuzz_icon
49226967

*this image is generated using AI for illustrative purposes only.

Force Motors has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the Bombay Stock Exchange and the National Stock Exchange of India. The disclosure was made on August 25, 2026, pursuant to Regulation 34(2)(f) of the SEBI Listing Obligations and Disclosure Requirements Regulations.

The report includes an independent assurance statement from TÜV SÜD South Asia Pvt. Ltd., which provided reasonable assurance on nine core attributes of the BRSR framework. These attributes cover greenhouse gas emissions, water footprint, energy consumption, waste management, employee well-being, gender diversity, inclusive development, customer fairness, and business openness.

Key Disclosures

The company reported a turnover of ₹9,05,654 lakhs and a net worth of ₹4,26,413 lakhs for FY26. CSR provisions under Section 135 of the Companies Act, 2013, were applicable for the period.

Metric Value
Turnover ₹9,05,654 lakhs
Net Worth ₹4,26,413 lakhs
Assurance Provider TÜV SÜD South Asia Pvt. Ltd.

Workforce and Governance

As of March 31, 2026, Force Motors employed 6,610 employees and engaged 2,088 workers. Female representation stood at 11.72% among employees and 0.43% among workers. The company reported no disciplinary actions against directors or key managerial personnel for bribery or corruption during the fiscal year.

Environmental Metrics

The firm disclosed total energy consumption of 3,66,555 gigajoules, with renewable sources accounting for 71,184 gigajoules. Scope 1 emissions totaled 10,230 metric tonnes of CO2 equivalent, while Scope 2 emissions were 31,002 metric tonnes. Water withdrawal reached 4,53,761 kilolitres, primarily from third-party sources.

Consumer Grievances

The company received 39 consumer complaints during FY26, with 38 remaining pending resolution at year-end due to sub-judice status. No product recalls were reported for safety issues.

Historical Stock Returns for Force Motors

1 Day5 Days1 Month6 Months1 Year5 Years
-0.96%-6.31%-1.07%-30.38%-13.59%+1,272.57%

How does Force Motors' current renewable energy mix of approximately 19.4% compare to its long-term decarbonization targets for FY28 and beyond?

What specific initiatives is the company planning to implement to address the significant gender disparity, particularly the 0.43% female representation among workers?

Given that 38 out of 39 consumer complaints remain pending due to sub-judice status, what are the potential financial or reputational risks if these legal proceedings result in adverse rulings?

Force Motors schedules 67th AGM, recommends ₹50 dividend for FY26

scanx
Reviewed by
Jubin VScanX News Team
Key Highlights
  • Force Motors has scheduled its 67th AGM for September 16, 2026 via VC/OAVM, with September 9, 2026 as the record date
  • The Board recommended a final dividend of ₹50 per equity share for FY26, up from ₹40 per share in FY25; total payout will be ₹6,588 lacs
  • FY26 consolidated PAT exceeded ₹1,200 crore, up over 50% YoY; revenue crossed ₹9,000 crore with zero debt on the balance sheet
  • Special business includes re-appointment of three independent directors for second five-year terms and amendment of the Memorandum of Association to add new business objects
  • Remote e-voting opens September 12, 2026 at 9:00 am and closes September 15, 2026 at 5:00 pm
powered bylight_fuzz_icon
49217519

*this image is generated using AI for illustrative purposes only.

Force Motors has scheduled its 67th Annual General Meeting (AGM) for September 16, 2026, at 3:00 pm via Video Conferencing or Other Audio Visual Means, in compliance with SEBI and MCA regulations.

The Board of Directors, at its meeting held on April 29, 2026, recommended a final dividend of ₹50 per equity share of ₹10 face value for FY26. The company has fixed September 9, 2026 as the record date to determine shareholder eligibility for the dividend and voting rights. If declared at the AGM, the dividend will be paid within 30 days, subject to tax deduction at source.

Key dates and schedule

Shareholders can participate in remote e-voting between September 12 and September 15, 2026. The register of members and share transfer books will remain closed from September 10 to September 16, 2026, inclusive, as per Section 91 of the Companies Act, 2013.

Event Date Time
Record Date September 9, 2026 Close of business
E-Voting Start September 12, 2026 9:00 am
E-Voting End September 15, 2026 5:00 pm
AGM Date September 16, 2026 3:00 pm
Book Closure September 10–16, 2026 N/A

AGM agenda and special business

The ordinary business at the AGM includes adoption of audited standalone and consolidated financial statements for FY26, declaration of dividend, and re-appointment of Prasan Abhaykumar Firodia as director liable to retire by rotation.

The special business includes six resolutions: approval for charitable contributions up to ₹50 crore in any financial year; ratification of ₹3,00,000 remuneration to cost accountants M/s Joshi Apte & Associates for FY27; re-appointment of Vallabh Roopchand Bhanshali as Independent Director for a second term of five years from August 13, 2027; re-appointment of Mukesh Mangalbhai Patel as Independent Director for a second term of five years from August 13, 2027; re-appointment of Sonia Prashar as Independent Director for a second term of five years from September 28, 2027; and amendment of the Object Clause of the Memorandum of Association to include new business activities covering real estate, contract manufacturing, financial instruments, and power generation.

FY26 financial highlights

Force Motors delivered its strongest-ever performance in FY26. Consolidated revenue from operations crossed ₹9,000 crore, with consolidated profit after tax (PAT) exceeding ₹1,200 crore, representing over 50% growth compared to the previous year. Domestic wholesales grew 20%, supported by broad-based demand and an improved product mix.

Metric FY26
Revenue ₹9,167 crore
EBITDA ₹1,593 crore
PBT (before exceptional item) ₹1,304 crore
PAT ₹1,211 crore
Domestic Sales 36,536 units
Debt Zero

The company's standalone revenue from operations stood at ₹9,05,654 lacs for FY26 against ₹8,07,123 lacs in FY25, with standalone PAT at ₹1,21,126 lacs versus ₹79,997 lacs in the prior year.

Dividend and shareholder information

Dividend eligibility is determined based on holdings in electronic form via NSDL and CDSL, or physical form via MUFG Intime India Private Limited, as of the close of business on September 9, 2026. The total dividend payout for FY26 will be ₹6,588 lacs, compared to ₹5,270 lacs for FY25.

The AGM notice and Annual Report for FY26 are available electronically on the company's website at www.forcemotors.com . Shareholders without registered email addresses will receive a letter with the web-link to the annual report, in accordance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

E-voting is facilitated through NSDL. Members holding shares in demat form may submit Form 121 directly through their respective depository participant on or before September 9, 2026 to avail applicable tax exemptions on dividend.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE451A01017/c254073b-5d65-4912-a0d2-78faeaf8697b.pdf

Historical Stock Returns for Force Motors

1 Day5 Days1 Month6 Months1 Year5 Years
-0.96%-6.31%-1.07%-30.38%-13.59%+1,272.57%

How will the proposed expansion into real estate, contract manufacturing, and power generation impact Force Motors' core automotive margins and operational focus?

Given the zero-debt status and strong cash flows, will management prioritize further M&A activities or increase the dividend payout ratio beyond the current ₹50 per share?

What specific strategies will Force Motors employ to sustain its 50% PAT growth trajectory amidst potential saturation in the domestic commercial vehicle market?

More News on Force Motors

1 Year Returns:-13.59%