ideaForge Technology Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, detailing its performance on environmental, social, and governance parameters. The company reported zero lost-time injuries and zero regulatory penalties during the year, alongside achieving full employee training coverage on safety, ethics, and human rights. The disclosures, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirm the company's adherence to statutory requirements and its commitment to responsible business conduct.

The company’s operations are primarily focused on the manufacturing of Unmanned Aerial Vehicles (UAVs) and related systems, which accounted for 96% of the total turnover, while solution applications contributed 4%. In terms of workforce composition, ideaForge employed 536 permanent employees and 300 workers by the end of FY 2025-26. The gender diversity among permanent employees stood at 86% male and 14% female, while the workforce comprised 71% male and 29% female.

Operational and Financial Metrics

The BRSR provides a detailed breakdown of the company’s operational footprint and financial health. The report indicates that the company’s paid-up capital stood at ₹432,536,950. The company serves markets across 28 states and 8 Union Territories in India, alongside a presence in 4 countries internationally, with exports contributing less than 1% to the total turnover.

Environmental and Social Governance

ideaForge maintained full compliance with all applicable environmental laws during the reporting period. The company holds ISO 14001 certification for environmental management and ISO 45001 certification for occupational health and safety. Initiatives to reduce environmental impact included the installation of LED lighting, motion sensors, and the adoption of electric two-wheelers for internal mobility. The company also reported that it is registered under Extended Producer Responsibility (EPR) for plastic waste, battery waste, and e-waste.

On the social front, the company’s CSR initiatives focused on health and well-being, quality education, and clean water and sanitation. Key projects included support for the Tata Memorial Centre and an apprenticeship program in partnership with ITI schools. The company confirmed that no complaints related to sexual harassment or human rights violations were reported during the year.

Governance and Risk Management

The Chief Executive Officer (CEO) is responsible for implementing and overseeing the company's Business Responsibility & Sustainability policies under the guidance of the Board of Directors. While the company does not have a dedicated sustainability committee, it conducts regular reviews of its performance against the National Guidelines on Responsible Business Conduct (NGRBC) principles. The report also highlighted that no fines or penalties were imposed by regulators during FY 2025-26, and the company did not undertake any independent assessment of its policies by an external agency.

Ideaforge Technology raised about ₹500 crore by closing its Qualified Institutional Placement (QIP) on July 10, 2026, allotting 62.89 lakh equity shares at an issue price of ₹795.00 per share to qualified institutional buyers. The issue price reflects a discount of ₹40.86 per share, or 4.89%, to the floor price of ₹835.86 per share. The fundraising initiative, which opened on July 07, 2026, was approved by the Fund Raising Committee and follows a special resolution passed by shareholders via a Postal Ballot.

QIP Key Details

The following table outlines the final parameters of the QIP:

Pricing and Allocation

The Fund Raising Committee determined the final issue price and allocation in accordance with Regulation 176(1) of the SEBI ICDR Regulations. The committee approved the closure of the issue upon receipt of application forms and funds in the escrow account from eligible qualified institutional buyers. The placement document dated July 10, 2026, has been adopted and will be filed with the exchanges.

Regulatory Compliance

The issue was conducted under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Sections 42 and 62 of the Companies Act, 2013. The company has made the Placement Document available on its website.