FORCE MOTORS LTD — JV/Acquisition, 04-02-2026: Acquisition

Force Motors' board has approved exploring a 100% acquisition of Veera Tanneries Private Limited (VTPL). The strategic rationale is clear: FML aims to acquire VTPL's land bank for expanding its existing business. While VTPL itself is a relatively small company, with its highest annual turnover in the last three years being approximately Rs. 1.04 Cr, the value lies in its real estate assets. The final acquisition cost will be determined post due diligence. This move underlines Force Motors' focus on securing key land resources for future growth.