IdeaForge Technology narrows net loss to ₹199.36 million in FY26

IdeaForge Technology reported a consolidated net loss of ₹199.36 million for the financial year ended March 31, 2026, narrowing from the ₹623.95 million loss posted in the previous year. The company’s revenue from operations increased to ₹2,268.26 million in FY26, up from ₹1,658.70 million in the prior year, primarily led by product sales.

The Board of Directors approved the audited consolidated financial statements for the year ended March 31, 2026, at its meeting held on April 30, 2026. These statements, prepared in accordance with the Companies Act, 2013 and Indian Accounting Standards, remain subject to the approval of shareholders at the Annual General Meeting scheduled for August 5, 2026.

Total comprehensive loss for the year stood at ₹170.29 million, compared to ₹672.78 million in FY25. The company’s total assets were valued at ₹7,947.21 million as of March 31, 2026, while total equity and liabilities amounted to ₹7,947.24 million.

Financial Performance

The improvement in financial performance was driven by higher operational income. However, the company continues to face challenges related to product development costs and warranty provisions. The auditors, BSR&Co. LLP, identified revenue recognition and the capitalisation of product under development as key audit matters.

Operational Highlights

Revenue from external customers was ₹2,268.26 million, with the majority derived from operations within India. The company’s expenses for the year included total expenditure of ₹2,484.21 million. The finance cost for the period was ₹67.70 million, while depreciation and amortisation expenses amounted to ₹116.11 million.

The company did not declare any dividend during the financial year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.31%	+5.42%	-8.40%	+81.88%	+47.83%	-33.60%

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.