Force Motors Limited, at its board meeting, held on January 11, 2021, has approved for issuance of Non-convertible Debentures up to INR 5,000 million, through private placement in one or more tranches, whether listed or not and whether secured or not, to such persons as may be identified by the Board, from time to time, in terms of Section 42 read with Section 71 of the Companies Act, 2013, read with relevant rules made there under and other applicable laws, subject to the necessary approvals of the Shareholders of the Company.