Outcome of Board Meeting

FML: SEC: F-43A (XIII) 28th October, 2026 To, To, BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No.C-1, G Block Dalal Street, Mumbai – 400 001. Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Scrip Code: 500033 NSE Symbol: FORCEMOT Subject: Outcome of the Board Meeting held on 28th October, 2026 - Approval of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended on 30th September, 2026. Dear Sir / Madam, In terms of the provisions of Regulation 30 (read with Part A of Schedule III) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors in its meeting held today, i.e. on Wednesday, 28th October, 2026, have, inter- alia, considered and approved the following: 1. Un-audited Financial Statements (Standalone and Consolidated) for the Quarter and half year ended on 30th September, 2026. 2. Limited Review Reports on Un-audited Financial Statements (Standalone and Consolidated) for the Quarter and half year ended on 30th September, 2026, issued by the Statutory Auditors. A copy of the aforementioned Un-audited Financial Statements (Standalone and Consolidated) and Limited Review Reports for the Quarter and half year ended on 30th September, 2026, issued by the Statutory Auditors are attached to this intimation letter. The meeting of the Board of Directors commenced at 02:52 p.m. and concluded at 04:20 p.m. This is for your information and records. Thanking you, Yours faithfully, For, Force Motors Limited Rohan Sampat Company Secretary & Compliance Officer M. No.: F14037 Encl.: A/a. FORCE MOTORS LIMITED CIN L34102PN1958PLC011172 Regd. Office : Mumbai-Pune Road, Akurdi, PUNE – 411 035, INDIA. Tel. : (+91) 20 2747 63 81 Visit us at : www.forcemotors.com FORCE STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF-YEAR ENDED 30 SEPTEMBER 2026. (~IN CR.) QUARTER ENDED HALF-YEAR ENDED YEAR ENDED Particulars 30 Sept. 30June 30 Sept. 30 Sept. 30 Sept. 31 March 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1. Revenue from Operations 2,924.54 2,439.89 2,081.27 5,364.43 4,378.39 9,056.54 2. Other Income 42.79 38.06 24.49 80.85 49.55 110.46 3. Total Income (1+ 2) 2,967.33 2,477.95 2,105.76 5,445.28 4,427.94 9,167.00 4. Expenses (a) Cost of Materials consumed 2,176.31 1,749.03 1,552.86 3,925.34 3,259.49 6,427.20 (b) Changes in Inventories of Finished Goods (48.46) 9.62 (109.18) (38.84) {131.32) {22.51) and Work-in-progress (c) Employee benefits expense 199.25 195.12 170.92 394.37 337.37 686.31 (d) Finance costs 2.12 0.04 0.23 2.16 0.36 3.26 (e) Depreciation and Amortisation expense 81.01 76.85 70.95 157.86 141.24 285.99 (f) Other expenses 201.06 187.00 140.25 388.06 288.42 627.86 (g) Expenses capitalized (37.16) (28.56) (36.22) (65.72) {70.11) {144.96) Total Expenses 2,574.13 2,189.10 1,789.81 4,763.23 3,825.45 7,863.15 5. Profit/ (Loss) before exceptional items and tax 393.20 288.85 315.95 682.05 602.49 1,303.85 (3-4) 6. Exceptional Items (Net) - - - - - 211.24 7. Profit/ (Loss) Before Tax (5+6) 393.20 288.85 315.95 682.05 602.49 1,515.09 8. Tax expense (a) Current tax 92.92 77.54 52.48 170.46 155.85 402.34 (b) Deferred tax 8.84 (0.76) {86.04) 8.08 (88.09) (98.54) (c) Taxation in respect of earlier years - - - - - 0.03 Total tax expense (Refer Note 4) 101.76 76.78 {33.56) 178.54 67.76 303.83 9. Net Profit/ (Loss) for the period (7-8) 291.44 212.07 349.51 503.51 534.73 1,211.26 (Refer Note 4) 10. Other Comprehensive Income Items that will not be reclassified to profit or loss {6.51) 5.41 (3.54) (1.10) (1.43) 1.95 (Net of income tax) 11. Total Comprehensive Income for the period 284.93 217.48 345.97 502.41 533.30 1,213.21 (9+10) 12. Paid-up equity share capital 13.18 13.18 13.18 13.18 13.18 13.18 (Face value of UO per Share) 13. Other Equity 4,250.95 14. Basic and Diluted Earnings Per Share 221.18 160.95 265.26 382.13 405.83 919.28 (not annualised) (in~) (Refer Note 4) FORCE MOTORS LIMITED CIN: L34102PN1958PLC011172 Regd. Office : Mumbai-Pune Road, Akurdi, PUNE -411 035, INDIA. Tel. : (+91) 20 27476381 Visit us at : www.forcemotors.com FORCE Notes: 1. The limited review of financial results for the Quarter and half-year ended 30 September 2026 has been carried out by the Statutory Auditors. 2. The Company has completed the acquisition of entire equity shares of Veera Tanneries Private Limited (VTPL), vi de a Share Purchase Agreement dated 23 April 2026. Pursuant to such acquisition, VTPL has now become a wholly owned subsidiary of the Company and accordingly the financial results of VTPL have been consolidated as per the applicable Accounting Standards. 3. The Ministry of Environment, Forest and Climate Change has notified the Environment Protection (End-of-Life Vehicles) Rules, 2025 ("ELV Rules") effective Olst April 2025, imposing Extended Producer Responsibility (EPR) on vehicle manufacturers for scrapping old vehicles and such obligations are to be fulfilled through the purchase of EPR certificates from registered Vehicle Scrapping Facilities via a Centralised Online Portal. As per best estimates, the Company has recognised provisions in the financial statements. 4. The Company had opted for the new tax regime u/s 115BAA of the Income tax Act, 1961 in the second quarter of previous financial year (2025-26) and consequently the Company had recognized a one-time benefit in Tax Expense in Profit and Loss Account of ~85.46 Crores owing to Deferred tax and MAT credit. Thus, tax expense for Q2 and Hl of 2025-26 reflects the above stated benefit and therefore, is not comparable with Q2 and Hl of the current financial year (2026-27). Consequently, PAT and EPS for the same periods are also not comparable. 5. The Company is operating in single segment. 6. Previous period's figures have been re-grouped, re-arranged and re-classified wherever necessary. 7. The above results have been reviewed by the Audit Committee and approved by the Board of Directors in its meetings held on 28 October 2026. FORCE MOTORS LIMITED CIN: L34102PN1958PLC011172 Regd. Office: Mumbai-Pune Road, Akurdi, PUNE -411 035, INDIA. Tel. : (+91) 20 27476381 Visit us at : www.forcemotors.com FORCE STATEMENT OF STANDALONE ASSETS AND LIABILITIES (~IN CR.) HALF-YEAR YEAR ENDED ENDED 30 Sept. 31 March Particulars 2026 2026 Unaudited Audited I ASSETS 1. Non-current Assets (a) Property, plant and equipment 1,625.86 1,473.46 (b) Capital work-in-progress 175.98 235.72 (c) Investment property 12.98 13.21 (d) Other Intangible Assets 459.94 434.67 (e) Intangible Assets under development 315.61 300.68 (f) Financial Assets i) Investments 339.30 173.00 ii) Loans and Advances 13.74 - iii) Other Financial Assets 14.45 13.74 (g) Other Non-current Assets 147.89 136.10 Total Non-current Assets 3,105.75 2,780.58 2. Current Assets (a) Inventories 1,418.95 1,258.01 (b) Financial Assets i) Trade Receivables 196.15 191.15 ii) Cash and Cash equivalents 726.43 823.28 iii) Bank balance other than (ii) above 251.52 1.17 iv) Loans and Advances 1.81 0.51 v) Other Financial Assets 1,411.45 1,412.28 (c) Current Tax Assets (Net) 11.07 34.39 (d) Other Current Assets 223.11 103.50 Total Current Assets 4,240.49 3,824.29 IUIAL ASSE1::i 7,34b.Z4 b,bU'f.!S/ II EQUITY AND LIABILITIES 1. Equity (a) Equity Share Capital 13.18 13.18 (b) Other Equity 4,687.48 4,250.95 Total Equity 4 700.66 4 264.13 2. Liabilities Non-current Liabilities (a) Financial Liabilities i) Borrowings - - ii) Other Financial Liabilities 1.69 1.69 (b) Deferred Tax Liabilities (Net) 234.74 227.62 (c) Other Non-current Liabilities 7.73 5.44 (d) Provisions 53.17 61.77 Total Non-current Liabilities 297.33 296.52 Current Liabilities (a) Financial Liabilities i) Borrowings - - ii) Trade Payables - Total outstanding dues of Micro and Small enterprises 44.01 47.81 - Total outstanding dues other than Micro and Small enterprises 1.154.04 992.51 [Showing first 8,000 characters — download PDF for full document]