Force Motors Limited has received a communication from the Securities and Exchange Board of India (SEBI) Investigation Department seeking detailed information regarding the company's quarterly financial results announcement. The automotive manufacturer disclosed this development through a regulatory filing under Regulation 30(13) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Communication Details

The company received an email communication from SEBI on February 4, 2026, specifically related to its corporate announcement concerning quarterly financial results submitted on July 23, 2025. The inquiry covers a comprehensive period from April 1, 2025, to October 31, 2025.

Information Requested by SEBI

SEBI has sought comprehensive details across multiple areas related to the quarterly financial results disclosure. The regulatory authority has requested:

• Detailed chronology of events and information about insiders, designated persons, and individuals who had access to the information
• Complete details of all persons including promoters, directors, Key Managerial Personnel, designated persons, consultants, and others involved in or having access to unpublished price-sensitive information
• Documentary evidence supporting information access to individuals
• Details of Audit Committee members during the specified period
• Information about trading window closures between April 1, 2025, and October 31, 2025
• Any other relevant details the company wishes to share

Company's Response and Status

Force Motors has clarified that the SEBI communication is purely informational in nature, with no adverse findings communicated at this stage. The company has confirmed several key aspects regarding the inquiry:

Regulatory Compliance

The disclosure was signed by Rohan Sampat, Company Secretary and Compliance Officer, confirming that all information provided in the regulatory filing is true, correct, and complete to the best of the company's knowledge and belief. Force Motors is currently in the process of compiling and preparing the requested data in the formats specified by SEBI and will submit its response within the timeline provided in the communication.

This development represents a routine regulatory inquiry process, with SEBI seeking additional information about the company's disclosure practices related to quarterly financial results. The company has emphasized that no penalties, restrictions, or sanctions have been imposed as part of this communication.

Force Motors has delivered remarkable financial results for the third quarter, showcasing significant improvement across key performance metrics. The automotive manufacturer reported a substantial increase in profitability while maintaining steady revenue growth during the period.

Financial Performance Overview

The company's consolidated financial results reveal strong operational performance with notable improvements in both top-line and bottom-line metrics, including enhanced EBITDA performance.

Profitability Surge

The most striking aspect of Force Motors' Q3 performance was the dramatic improvement in net profit margins. The company's consolidated net profit reached ₹4.1 billion, representing a substantial 273% increase from the ₹1.1 billion recorded in the same quarter of the previous year. This exceptional growth in profitability indicates enhanced operational efficiency and improved cost management strategies.

EBITDA Performance and Margin Expansion

Force Motors demonstrated strong operational efficiency with EBITDA reaching ₹3.74 billion compared to ₹2.3 billion in the corresponding quarter last year. The EBITDA margin expanded significantly to 17.57% from 12.26%, reflecting improved operational leverage and cost optimization initiatives across the organization.

Revenue Growth

Alongside the profit surge, Force Motors maintained steady revenue momentum with quarterly revenue reaching ₹21.3 billion, marking a 13% increase from ₹18.9 billion in the corresponding quarter last year. This consistent revenue growth demonstrates the company's ability to expand its market presence and maintain customer demand for its products.

Performance Analysis

The significant disparity between profit growth (273%) and revenue growth (13%) suggests that Force Motors has successfully optimized its operational efficiency and cost structure. The substantial EBITDA margin expansion of over 500 basis points further reinforces the company's focus on operational excellence and profitability enhancement during the third quarter.