Ideaforge Technology Limited has scheduled its 19th Annual General Meeting (AGM) for Wednesday, August 5, 2026, at 11:00 a.m. IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with the provisions of the Companies Act, 2013, and the rules made thereunder, read with general circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

The company has provided an e-voting facility through the NSDL platform for all members to cast their votes on resolutions set out in the notice. Members attending the AGM through VC or OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

Key Meeting Details

The notice of the 19th AGM and the Annual Report for the Financial Year 2025-26 will be sent electronically to members whose email addresses are registered with the company or depositories. Members who have not registered or updated their email addresses may refer to the notice for detailed instructions on participation in remote e-voting.

The notice and the Annual Report will also be available on the company’s website at https://ideaforgetech.com/ , the websites of the stock exchanges (BSE and NSE), and the NSDL e-voting website. Members requesting a physical or electronic copy of the Annual Report may write to compliance@ideaforgetech.com with their Folio Number or DP ID/Client ID.

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.