Force Motors Limited Board Approves Second-Term Reappointment of Three Independent Directors
The Board of Directors of Force Motors Limited has approved the re-appointment of three existing Independent Directors for a second term, following a recommendation by the Nomination and Remuneration Committee. The decision was taken during a meeting held on July 29, 2026.The company's board considered and ratified the extension of service for Mr. Vallabh Bhanshali, Mr. Mukesh Patel, and Ms. Sonia Prashar. Each director is being re-appointed for a consecutive term of five years, though their commencement dates vary. All appointments remain subject to subsequent shareholder approval.
The specific terms and details of the re-appointments are outlined below:
| Director Name | Term Duration | Start Date | End Date |
|---|---|---|---|
| Mr. Vallabh Bhanshali | 5 years | August 13, 2027 | August 12, 2032 |
| Mr. Mukesh Patel | 5 years | August 13, 2027 | August 12, 2032 |
| Ms. Sonia Prashar | 5 years | September 28, 2027 | September 27, 2032 |
The company confirmed that none of the aforementioned Independent Directors are debarred from holding the office of Director by any SEBI order or other relevant authority.
Profiles of Re-appointed Directors
Mr. Vallabh BhanshaliMr. Bhanshali is noted as a Co-founder and chairman of Enam Securities, a reputed investment house and formerly a leading investment bank. His service has included policy-making bodies such as the Reserve Bank of India. He is actively involved with various NGOs focusing on education, democracy, Vipassana, scientific spirituality, farmer upliftment, and policy making. Mr. Bhanshali is also credited as a Founding member of the Governing Board of Flame, a liberal arts University, and ISPP.
Mr. Mukesh Patel
An eminent Advocate and leading International Tax Expert, Mr. Patel has over five decades of experience in the legal profession. He is recognized for his commitment to teaching Law and promoting Tax Payer Education through various media platforms. In recognition of his contributions, he holds the honour of 'Champion of Tax Payer Education' at the All-India Tax Congress. His career includes serving as a Member on the Justice Easwar Committee for Simplification of the Income-tax Act, Rules and Procedures.
Ms. Sonia Prashar
Ms. Prashar is an experienced professional with nearly three decades of work in international trade and development related to Indo-European cooperation. She is skilled in strategic business relationships, mergers, and acquisitions. Ms. Prashar holds a diploma in German language, MBA Essentials from London School of Economics and Political Science, UK, and currently serves as the Secretary General of Federation of European Business in India.
All three directors confirmed they are not related to any other Director of Force Motors Limited.
FORCEMOT Stock Price Movement
Today, shares of FORCE MOTORS LTD gained 0.80% to settle at ₹17,334 after closing on the stock exchange. The equity saw a total traded volume of 74,765 shares during the day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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