Force Motors Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a standalone net profit of ₹1,21,126 lakhs for FY26, up from ₹79,997 lakhs in the previous year. The board recommended a dividend of ₹50 per equity share (500%) subject to shareholder approval. Revenue from operations increased to ₹9,05,654 lakhs for the year, while Q4 standalone net profit stood at ₹27,367 lakhs. The company also reported exceptional items including government incentives of ₹28,863 lakhs and exceptional expenses of ₹7,739 lakhs related to new labour codes. Kirtane & Pandit LLP issued an unmodified audit opinion on the results.

Force Motors FY26 Results: Net Profit ₹1,21,126 Cr, Dividend ₹50 per Share

Force Motors Limited has announced its audited financial results for the quarter and year ended March 31, 2026, following the board meeting held on April 29, 2026. The company reported a standalone net profit of ₹1,21,126 lakhs for FY26, representing a significant increase from ₹79,997 lakhs in the previous year. Revenue from operations for the year stood at ₹9,05,654 lakhs, compared to ₹8,07,123 lakhs in FY25.

Financial Performance Summary

The board approved both standalone and consolidated audited financial results for Q4 and FY26. For the quarter ended March 31, 2026, standalone net profit was ₹27,367 lakhs, while consolidated net profit reached ₹27,854 lakhs. Basic and diluted earnings per share (EPS) for the standalone entity stood at ₹919.28 for FY26, up from ₹607.13 in the previous year.

Financial Metrics (₹ in Lakhs) FY26 FY25 Revenue from Operations 9,05,654 8,07,123 Total Income 9,16,700 8,12,779 Net Profit (Standalone) 1,21,126 79,997 Net Profit (Consolidated) 1,21,175 80,086 EPS (Standalone) ₹919.28 ₹607.13

Dividend Recommendation

The board of directors has recommended a dividend of ₹50 per equity share of ₹10 each, representing a 500% payout. This dividend is subject to approval by shareholders at the ensuing Annual General Meeting. The recommendation reflects the company's strong financial performance and commitment to shareholder returns.

Exceptional Items and Key Developments

The financial results included exceptional items for FY26. The company recognized exceptional income of ₹28,863 lakhs as government incentives under the Madhya Pradesh Industrial Investment Promotion Assistance Scheme, 2010. Additionally, exceptional expenses of ₹7,739 lakhs were recorded due to the implementation of new labour codes effective November 21, 2025, resulting in a past period employee benefit liability.

Force Motors also announced the acquisition of Veera Tanneries Private Limited (VTPL) on April 23, 2026, for a total consideration of ₹16,196 lakhs. VTPL has become a wholly owned subsidiary of the company. Furthermore, the company has shifted to the new tax regime under Section 115BAA of the Income Tax Act, 1961, from FY26, resulting in the write-off of MAT credit entitlement of ₹559 lakhs and reversal of deferred tax liability of ₹9,105 lakhs.

Auditor's Report and Compliance

Kirtane & Pandit LLP (Firm Registration No. 105215W/W100057), the statutory auditors, issued an audit report with an unmodified opinion on both standalone and consolidated audited financial results for FY26. The auditor confirmed that the financial results give a true and fair view in conformity with Indian Accounting Standards. The company continues to maintain compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Force Motors Limited has published an official newspaper notice informing shareholders about two important regulatory initiatives under SEBI Listing Regulations. The notice was published in Financial Express (English Language - All India edition) and Loksatta (Marathi Language - Pune and Mumbai edition) newspapers on 28th April, 2026.

Special Window for Physical Share Transfer

Pursuant to SEBI Circular No. H0/38/13/11(2) 2026 - MIRSD-POD/1/3750/2026 dated 30th January, 2026, the company has opened a Special Window for a period of one year. This facility operates from 5th February, 2026 to 4th February, 2027 to facilitate transfer and dematerialization of physical securities which were sold/purchased prior to 1st April, 2019.

Parameter: Details Window Period: 5th February, 2026 to 4th February, 2027 Applicable Securities: Physical shares sold/purchased before 1st April, 2019 Transfer Mode: Mandatory demat credit to transferee Lock-in Period: One year from registration date

The special window also covers transfer requests that were previously submitted but rejected, returned, or not attended to due to deficiencies in documents or processes. Securities transferred through this window will be mandatorily credited to the transferee only in demat mode and will remain under lock-in for one year from the date of registration of transfer. During the lock-in period, these securities cannot be transferred, lien marked, or pledged.

Second 100 Days Campaign - "Saksham Niveshak"

Following communication from the Investor Education & Protection Fund Authority (IEPFA) dated 27th March, 2026, Force Motors has relaunched the Second 100 Days campaign "Saksham Niveshak" from 1st April, 2026 to 9th July, 2026.

Campaign Details: Information Campaign Period: 1st April, 2026 to 9th July, 2026 Eligible Years: Financial Years 2018-19 to 2024-25 Purpose: Prevent transfer of shares and dividends to IEPFA Target Shareholders: Those with unclaimed dividends or incomplete KYC

During this campaign, shareholders who have not claimed their dividends for any financial years from 2018-19 to 2024-25, or have not updated their KYC, are encouraged to claim their unpaid/unclaimed dividends. This action will prevent their shares and dividends from being transferred to the Investor Education and Protection Fund Authority (IEPFA).

Contact Information for Shareholders

Investors are requested to furnish necessary documents for the aforementioned purposes by contacting the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

Contact Details: Information Address: Block No. 202, 2nd Floor, Akshay Complex, Near Ganesh Temple, Off. Dhole Patil Road, Pune - 411 001 Email: rnt.helpdesk@in.mpms.mufg.com / Investor.helpdesk@in.mpms.mufg.com Website: www.in.mpms.mufg.com

The notice was signed by Rohan Sampat, Company Secretary & Compliance Officer (M. No.: A33820), and digitally signed on 28th April, 2026. The information will also be made available on the company's website at www.forcemotors.com .

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