Force Motors Limited has received another communication from the Securities and Exchange Board of India (SEBI) seeking detailed clarifications on its Q3 FY24 financial results and stock price movements. This represents the third regulatory inquiry within recent months, indicating continued regulatory scrutiny of the company's disclosure practices and market activities.

Latest SEBI Communication Details

The most recent regulatory communication was received via email on 4th March, 2026, from SEBI. The inquiry relates to the company's announcement made on 12th February, 2024, regarding unaudited financial results for the quarter and nine months ended 31st December, 2023. Additionally, SEBI has sought details regarding significant price movements observed from 15th February, 2024 to 20th February, 2024.

Scope of Current SEBI Inquiry

SEBI has sought comprehensive clarifications from Force Motors regarding multiple aspects of its Q3 FY24 results announcement. The regulator is examining the company's unaudited financial results (both standalone and consolidated) for the quarter and nine months ended 31st December, 2023. The inquiry also focuses on significant stock price movements that occurred during the specified period in February 2024.

Pattern of Regulatory Communications

This latest inquiry continues a pattern of regulatory oversight, with previous SEBI communications received regarding similar matters. The recurring nature of these inquiries suggests heightened regulatory attention on the company's disclosure practices and market behavior during result announcements.

Company's Response and Impact Assessment

Force Motors has stated that there is no material impact on the financial operations of the company at this stage. The company has confirmed that no aberrations, non-compliances, penalties, restrictions, or sanctions have been identified or imposed pursuant to this latest communication.

Compliance and Next Steps

The company has indicated that it will file a suitable reply to SEBI regarding the clarifications sought within the permissible timeline. This communication is part of SEBI's routine regulatory oversight to ensure compliance with listing obligations and disclosure requirements, particularly focusing on result announcements and associated market movements.

The disclosure was made by Rohan Sampat, Company Secretary & Compliance Officer, from the company's registered office in Pune on 5th March, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Force Motors has submitted its monthly sales data for February 2026 under Regulation 30 of SEBI regulations, reporting total vehicle sales of 3,890 units compared to 3,600 units in February 2025. This represents a year-on-year growth of 8.06%, demonstrating the company's continued performance in the automotive sector.

February 2026 Sales Performance

The official regulatory filing reveals a mixed performance across domestic and export markets. While domestic sales showed robust growth, export sales faced challenges during the month.

Domestic Market Strength

Force Motors' domestic sales performance was particularly strong, with 3,825 units sold in February 2026 compared to 3,521 units in the previous year. This 8.63% growth in domestic sales indicates sustained demand for the company's portfolio of Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV).

Export Challenges

The export segment presented challenges for Force Motors, with sales declining by 17.72% to 65 units in February 2026 from 79 units in the corresponding month of the previous year. This decline in export sales partially offset the strong domestic performance.

Regulatory Compliance

The sales data was submitted in advance as per the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Company Secretary & Compliance Officer Rohan Sampat, ensuring transparency in the company's operational performance reporting.