Ideaforge Technology Limited announced the resignation of Nilesh Ranjan Jaywant from his role as Company Secretary and Compliance Officer. The departure is effective from the close of business hours on Friday, December 25, 2026.

Jaywant submitted his resignation letter on October 14, 2026, citing a new career opportunity as the sole reason for leaving the position. He also served as a Key Managerial Personnel (KMP) of the company.

Resignation Details

The company confirmed that there are no other material reasons for the resignation beyond those stated in the letter. Jaywant committed to facilitating an orderly handover of legal records and compliance responsibilities before his exit.

The resignation was communicated to BSE Limited and The National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ideaforge Technology Limited promoter and CEO Ankit Mehta has pledged 2,80,000 equity shares with Infina Finance Private Limited. The transaction was reported on September 28, 2026, citing personal financial requirements as the reason for the encumbrance.

Pledge details and holdings

Mehta holds a total of 36,86,964 shares in the company, representing 7.42% of the total share capital. Prior to this new pledge, he had already encumbered 3,70,370 shares, which accounted for 0.74% of the company's share capital.

The creation of this new pledge brings the total number of encumbered shares held by Mehta to 6,50,370. This post-event holding represents 1.30% of the total share capital of Ideaforge Technology.

Regulatory disclosures

The disclosure was made under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the pledged shares constitute 2.23% of Mehta’s total promoter shareholding.

The regulatory form explicitly states that the encumbered shares do not represent 50% or more of the promoter’s shareholding, nor do they account for 20% or more of the total share capital of the listed entity. There are no other existing events or agreements pertaining to encumbrance disclosed in the filing.

What the numbers show

The pledge represents a modest addition to Mehta’s existing encumbrance profile. While the absolute number of shares pledged is significant at 2,80,000, it constitutes a small fraction of his overall stake. The increase in total encumbered shares from 3,70,370 to 6,50,370 raises his personal encumbrance ratio from 0.74% to 1.30% of the company’s total share capital, indicating a gradual increase in leverage against his equity position rather than a major structural change in control.