Force Motors Limited at its board meeting held on March 29, 2024, the board of directors of the company decided to close the line of business of the Company, consisting of manufacture and dealing in Agricultural Tractors and connected activity with effect from close of the current financial year that is 2023-2024. Reasons for closure: The company has, under its product rationalization programme, decided to focus mainly on its core segments such as Shared Mobility Transportation, Last Mile Mobility, goods and transportation, manufacturing of High Technology Critical Aggregates for Premium Luxury OEM's and creation of Special Vehicles for Civil and Defence applications and a decision has been taken to exit the Tractor Business from the product portfolio of the Company. Date of closure or estimated time of closure is March 31, 2024.