Ideaforge Technology approves fund raise via postal ballot

ideaforge technology shareholders have approved raising funds and altering the company's Articles of Association through a postal ballot process. The resolutions were passed with a requisite majority on July 04, 2026. This approval authorizes the company to raise capital in one or more tranches by issuing equity shares and other eligible securities, a move aimed at strengthening its financial flexibility.

The postal ballot sought consent for two special resolutions. The first resolution approved raising funds not exceeding Rs. 5,000.00 million. The second resolution sanctioned the alteration of the Articles of Association of the Company. Both resolutions were passed via e-voting, which was open from June 05, 2026, to July 04, 2026.

Voting Results

The scrutinizer's report confirmed that both special resolutions received overwhelming support from shareholders. The total number of valid votes cast for the first resolution was 20,607,522, with 99.9957% voting in favor. The second resolution saw 20,605,195 valid votes cast, with 99.9760% assent.

Resolution	Votes For	Votes Against	Total Votes	% For
Fund Raise	20,606,645	877	20,607,522	99.9957
Alteration of Articles of Association	20,600,244	4,951	20,605,195	99.9760

Procedural Details

The postal ballot notice was dispatched to 1,62,788 members on June 04, 2026. The notice was also hosted on the company's website and the National Securities Depository Limited (NSDL) website. An advertisement regarding the postal ballot was published in Business Standard and Prathakal on June 05, 2026. The record date for determining eligibility was May 29, 2026, with 166,841 shareholders on record.

S. N. Ananthasubramanian & Co., Company Secretaries, acted as the scrutinizer for the process. The report confirms that all votes cast were found to be valid after scrutiny. The results have been submitted to BSE Limited and National Stock Exchange of India Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.59%	+3.64%	-10.47%	+75.61%	+44.49%	-35.10%

ideaforge technology filed a corporate presentation with BSE Limited and the National Stock Exchange of India Limited on June 07, 2026. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation highlights the company's capabilities in designing, developing, and manufacturing secure and sovereign systems, including autopilots, radio data transmission, and payloads for Electro-Optical/Infrared (EO/IR) applications.

The document details the company's product portfolio, which is built for mission versatility across various sectors such as defence, public safety, and disaster response. The systems are categorized by their specific use cases, ranging from industrial applications to large-scale mapping and border security.

Product Specifications and Capabilities

The corporate presentation provides a comparative overview of the company's drone platforms, including the Q4i, Q6 V2, NETRA V4 PRO, NETRA 5, SWITCH, SWITCH V2, and ZOLT. These systems are differentiated by their flight time, range, and payload capacities.

Platform	Flight Time	Range	Key Payloads
Q4i	>= 40 mins	Up to 4 kms	HD daylight, thermal, multispectral
Q6 V2	>= 60 mins	Up to 2 kms	HD daylight, thermal, photogrammetry
Q6 V2 Geo	55 mins	Up to 5 km RLOS	LiDAR, RGB imaging, dual day-night
NETRA V4 PRO	Up to 75 mins	Up to 15 kms	HD daylight, thermal, mapping
NETRA 5	60 minutes	10 Km	Dual Integrated EO & IR, LiDAR, SAR
SWITCH	>= 120 mins	Over 15 kms	Daylight surveillance, thermal
SWITCH V2	150 mins	Over 20 kms	Daylight surveillance, thermal, mapping
ZOLT	Upto 3 hours	Up to ~50Km	Daylight surveillance, thermal, DOOAF

Operational Features

The presentation emphasizes that the platforms are built for contested environments, featuring autonomous navigation, autonomous return to home (RTH), and advanced landing and take-off capabilities. The company states that its subsystems are designed and developed indigenously, with a focus on secure and sovereign systems. The document also includes a list of acronyms relevant to the industry, such as Counter UAS (C-UAS), High Altitude Long Endurance (HALE), and Intelligence Surveillance Reconnaissance (ISR).