ideaForge Technology Limited has scheduled its 19th Annual General Meeting (AGM) for Wednesday, August 5, 2026, at 11:00 a.m. IST, to be held through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting will take up the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the re-appointment of Mr. Ashish Bhat (DIN: 02480920) as Whole-time Director, who retires by rotation. The company has provided an e-voting facility through the NSDL platform, with the remote e-voting period running from August 2, 2026 to August 4, 2026.

Key AGM Details

The following table summarises the key meeting parameters:

The AGM notice and Annual Report for FY 2025-26 are being sent electronically to members whose email addresses are registered with the company or depositories, in compliance with MCA General Circular No. 09/2024 dated September 22, 2025, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024. Members may also access these documents on the company's website at https://ideaforgetech.com/ , the BSE and NSE websites, and the NSDL e-voting website.

FY 2025-26 Financial Performance

ideaForge Technology reported a significant improvement in financial performance during FY 2025-26. The following tables present the consolidated and standalone results:

Consolidated Performance

Standalone Performance

On a standalone basis, total income from operations was INR 2,268.49 Million, compared to INR 1,659.37 Million in the previous year, an increase of 36.71%. The net loss of INR 77.71 Million represented an 84.87% reduction from the prior year's net loss of INR 513.71 Million. The company recorded its highest-ever annual order bookings of approximately INR 530 crore across defence and civil customers, and its highest-ever quarterly revenue in Q4 FY26. The opening order book for FY 2026-27 stands at approximately INR 3,140 million.

Operational Highlights

FY 2025-26 marked several operational milestones for ideaForge Technology. The company's UAVs completed over 250,000 flights during the year, contributing to a cumulative total of over one million end-customer flights. The company's platforms were deployed during Operation Sindoor (May–June 2025), validating their combat-readiness in high-stakes ISR and post-strike assessment missions.

Key product and technology developments included the integration of Electronic Warfare (EW) resilience across ISR platforms, progress on the ZOLT tactical UAV (which secured orders worth INR 920 million during the EP6 procurement cycle), and the development of the YETI middle-mile logistics platform. The company also secured its first U.S. purchase order from the Lamar Consolidated Independent School District Police Department in Texas, trained NATO forces at the U.S. National Test Pilot School, and received NATO Stock Numbers for both its SWITCH and Q6 platforms.

Board and Governance

During FY 2025-26, Mr. Vipul Joshi was appointed as Whole-time Director and Chief Financial Officer with effect from September 6, 2025, following approval by shareholders via postal ballot. Mr. Ganapathy Subramaniam resigned as Non-Executive Director with effect from July 8, 2025. As on March 31, 2026, the Board comprises eight directors, including four Whole-time Directors, three Independent Directors (including one Independent Woman Director), and one Non-Executive Director. The Board met six times during the financial year. The company's credit rating was revised by CRISIL to BBB/Stable (outlook revised from Negative; rating reaffirmed) vide letter dated November 6, 2025. No dividend has been recommended for FY 2025-26.

CSR and R&D

The company incurred CSR expenditure of INR 3.10 Million during FY 2025-26, directed towards healthcare, education, clean water, and apprenticeship initiatives. R&D expenditure for the year stood at INR 815.66 million, with product development costs capitalised under intangible assets under development amounting to INR 1,084.88 million as at March 31, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE349Y01013/444d2ab8-8927-4d83-8d2b-572b02e71bdd.pdf

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.