Ideaforge Technology Secures Over Rs 100 Crore in Defence Contracts for Advanced Drones

Ideaforge Technology , a leading player in the unmanned aerial vehicle (UAV) sector, has clinched significant defence contracts worth over Rs 100 crore from the Indian Army. This development marks a substantial milestone for the company, reinforcing its position in the defence technology landscape.

Contract Details

The contracts, totaling more than Rs 100 crore, encompass two key drone systems:

Drone System	Contract Value	Procurement Type
ZOLT Tactical UAV	Rs 75.00 crore	Capital Emergency Procurement
SWITCH V2 Hybrid Drone	Rs 30.00 crore	Standard Procurement

Strategic Implications

These contracts represent one of Ideaforge Technology's strongest wins this year, highlighting the Indian Army's increasing focus on integrating advanced UAV technology into its operations. The drones are expected to enhance the army's capabilities in tactical and Intelligence, Surveillance, and Reconnaissance (ISR) operations.

Delivery Timeline

Ideaforge Technology has committed to a swift delivery schedule:

Timeframe: 6-12 months
Purpose: To support the Indian Army's rapid expansion of UAV deployment across various operational domains

Company Outlook

This substantial order book not only bolsters Ideaforge Technology's financial position but also underscores its technological prowess in meeting the stringent requirements of the Indian defence sector. The contracts may pave the way for future collaborations and potentially position the company as a key player in India's push for self-reliance in defence technology.

As the Indian defence sector continues to modernize and adapt to evolving security challenges, companies like Ideaforge Technology are likely to play an increasingly crucial role in providing cutting-edge solutions for the armed forces.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+10.13%	+11.08%	+8.34%	-10.45%	-10.20%	-60.48%

Ideaforge Technology Limited, a leading technology company, has taken a significant step in enhancing employee ownership and engagement. The company's Executive Committee has approved the allotment of 952 equity shares under its Employee Stock Option Scheme (ESOP) 2018, as disclosed in a recent corporate announcement.

Key Details of the Allotment

Particulars	Details
Number of Shares Allotted	952
Face Value per Share	Rs. 10
Scheme Name	ideaForge Employees Stock Option Scheme, 2018
Date of Allotment	November 11, 2025
Distinctive Numbers	4,32,49,604 to 4,32,50,555

Impact on Share Capital

The allotment has resulted in a marginal increase in the company's paid-up capital:

Aspect	Before Allotment	After Allotment
Paid-up Capital	43,24,96,030.00	43,25,05,550.00
Number of Equity Shares	4,32,49,603	4,32,50,555

Additional Information

The newly issued shares will rank pari-passu with existing equity shares in all respects.
The allotment was made towards the exercise of vested stock options by employees.

This move by Ideaforge Technology Limited underscores the company's commitment to aligning employee interests with those of the organization. By offering stock options, the company aims to foster a sense of ownership among its workforce, potentially leading to increased motivation and long-term commitment.

The modest increase in share capital reflects a balanced approach to employee stock options, allowing for employee participation without significant dilution of existing shareholdings. As the company continues to grow, such initiatives may play a crucial role in attracting and retaining top talent in the competitive technology sector.