ideaForge Technology Ltd

Ideaforge Technology has allotted 62,89,308 equity shares to eligible qualified institutional buyers at the issue price of Rs795 per equity share, [(which includes a discount of Rs 40.86 per equity share (4.89% of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price] i.e. at a premium of Rs 785 per equity share, aggregating to Rs 500 crore, pursuant to the QIP issue. Post allotment of equity shares in the issue, the paid-up equity share capital of the company stands increased to Rs 496,855,970 consisting of 49,685,597 equity shares.

The company authorized the opening of issue on 7 July 2026. The floor price of Rs 835.86 per equity share is at a discount 0.26% to the scrip's previous closing price of Rs 838 recorded on the BSE on Tuesday (7 July 2026). Ideaforge Technology is a market leader in the Indian unmanned aircraft systems (UAS) market. It ranked 3rd globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2024. On a consolidated basis, the company reported net profit of Rs 59.99 crore in Q4 March 2026 as against net loss of Rs 25.71 crore in Q4 March 2025. Net sales soared 594.44% YoY to Rs 141.04 crore in Q4 March 2026.Powered by Capital Market - Live

The company's board approved fundraising of up to Rs 500 crore through one or more tranches via qualified institutional placements (QIPs), preferential allotments, private placements, or other permissible modes, subject to shareholder and regulatory approvals. The proposed fundraising may involve the issuance of equity shares, preference shares, convertible debentures, non-convertible debentures with warrants, or other eligible securities. The board has also constituted a Fund-Raising Committee to determine the terms and conditions of the issue and oversee the capital-raising process. In addition, the board approved a postal ballot notice seeking shareholders' consent for the proposed fundraising plans. The company said detailed disclosures regarding the type of securities and mode of issuance will be made after the fundraising structure is finalized. ideaForge is a market leader in the Indian unmanned aircraft systems (UAS) market. It ranked 3rd globally in the dual-use category (civil and defense) drone manufacturers as per the report published by Drone Industry Insights in December 2024. On a consolidated basis, ideaForge Technology reported net profit of Rs 59.99 crore in Q4 March 2026 as against net loss of Rs 25.71 crore in Q4 March 2025. Net sales soared 594.44% YoY to Rs 141.04 crore in Q4 March 2026. Powered by Capital Market - Live

Ideaforge Technology will hold a meeting of the Board of Directors of the Company on 3 June 2026.

Ideaforge Technology announced that CRISIL has reaffirmed the corporate credit rating of the company at CRISIL BBB. The outlook on the rating has been revised from Negative to Stable.

Ideaforge Technology announced that the 19th Annual General Meeting(AGM) of the company will be held on 5 August 2026.

Net profit of Ideaforge Technology reported to Rs 59.99 crore in the quarter ended March 2026 as against net loss of Rs 25.71 crore during the previous quarter ended March 2025. Sales rose 594.44% to Rs 141.04 crore in the quarter ended March 2026 as against Rs 20.31 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 17.03 crore in the year ended March 2026 as against net loss of Rs 62.28 crore during the previous year ended March 2025. Sales rose 40.26% to Rs 226.13 crore in the year ended March 2026 as against Rs 161.22 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales141.0420.31 594 226.13161.22 40 OPM %43.75-107.58 -2.14-32.68 - PBDT72.52-17.67 LP 23.14-33.06 LP PBT60.75-25.69 LP -19.94-62.40 68 NP59.99-25.71 LP -17.03-62.28 73 Powered by Capital Market - Live

Ideaforge Technology will hold a meeting of the Board of Directors of the Company on 30 April 2026.

Ideaforge Technology has allotted 756 equity shares under ESOP on 12 March 2026. Post allotment, the paid-up capital of the Company stands increased from Rs. 43,27,51,720/- comprising of 4,32,75,172 equity shares of Rs. 10/- each fully paid-up to Rs. 43,27,59,280 comprising of 4,32,75,928 equity shares of Rs. 10/- each fully paid-up.Powered by Capital Market - Live

Handson Global Management (HGM) Ltd, Dev Information Technology Ltd, Jindal Drilling & Industries Ltd and N K Industries Ltd are among the other gainers in the BSE's 'B' group today, 02 March 2026.Ideaforge Technology Ltd soared 13.27% to Rs 466.4 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 4.8 lakh shares were traded on the counter so far as against the average daily volumes of 15912 shares in the past one month. Handson Global Management (HGM) Ltd spiked 11.15% to Rs 62. The stock was the second biggest gainer in 'B' group. On the BSE, 12 shares were traded on the counter so far as against the average daily volumes of 698 shares in the past one month. Dev Information Technology Ltd surged 10.40% to Rs 25.91. The stock was the third biggest gainer in 'B' group. On the BSE, 55109 shares were traded on the counter so far as against the average daily volumes of 6178 shares in the past one month. Jindal Drilling & Industries Ltd spurt 9.79% to Rs 489.3. The stock was the fourth biggest gainer in 'B' group. On the BSE, 41732 shares were traded on the counter so far as against the average daily volumes of 3134 shares in the past one month. N K Industries Ltd added 9.15% to Rs 63.85. The stock was the fifth biggest gainer in 'B' group. On the BSE, 11 shares were traded on the counter so far as against the average daily volumes of 266 shares in the past one month. Powered by Capital Market - Live