Force Motors Ltd. disclosed on Thursday that it received communication from the Securities and Exchange Board of India (SEBI) requesting detailed information regarding a past financial announcement, as well as stock price movement from 15th to 20th February, 2024.
The market regulator sent an email to the company on Feb. 4, 2026, seeking particulars related to the company's unaudited standalone and consolidated financial results for the quarter and half-year ended Sept. 30, 2024. These financial results were initially announced on Oct. 29, 2024.
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SEBI particularly requested the chronology of events surrounding the earnings release. In addition, the regulator has asked for details concerning the company's insiders, manager information system (MIS), designated persons and an extract from the company's structured digital database.
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Force Motors has clarified that there are no identified aberrations or non-compliances regarding the issues highlighted by SEBI. The company, which maintains its registered office in Pune, anticipates no material impact on its financial operations.
Following the confirmation of the exchanges, the shares of Force Motors have faced immense pressure, paring early gains to take a plunge of over 6%. The stock is currently trading flat.
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