FORCE MOTORS LTD — JV/Acquisition, 23-04-2026: Acquisition

Force Motors has finalized the acquisition of Veera Tanneries Private Limited (VTPL) by executing a Share Purchase Agreement. The company paid Rs. 161.96 Cr to acquire VTPL's entire shareholding, making it a Wholly Owned Subsidiary. This strategic move gives Force Motors complete operational control over VTPL, signifying a notable expansion. Investors should note the direct financial outlay for this deal and the full integration of VTPL into Force Motors' business structure.