ideaForge Technology Ltd

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

Ideaforge Technology has allotted 7,026 equity shares under ESOS on 16 February 2026. Post allotment, the paid-up capital of the Company stands increased from Rs.43,26,81,460/- comprising of 4,32,68,146 equity shares of Rs. 10/- each fully paid-up to Rs.43,27,51,720/- comprising of 4,32,75,172 equity shares of Rs. 10/- each fully paid- up. Powered by Capital Market - Live

Despite the wider loss, the company's revenue from operations increased 79.15% year on year (YoY) to Rs 31.55 crore during the quarter. The company posted a pre-tax loss of Rs 35.93 crore in Q3 FY26, as against a pre-tax loss of Rs 20.28 crore in Q3 FY25. Ideaforge reported a negative EBITDA of Rs 23.91 crore in Q3 FY26, declining from a negative EBITDA of Rs 12.58 crore in Q3 FY25. The EBITDA margin also reduced to - 75.8% in Q2 FY26 from -71.4% a year ago. As of 31st December 2025, the company's order book stood at Rs 440 crore. Ankit Mehta, co-founder and CEO of ideaForge said, 'FY26 has been a defining year for ideaForge so far. We've booked the highest quantum of ordersin our two-decade journey so far this year, with a sizable chunk coming in Q3 alone. Our priority now is crisp execution: we expect to deliver ~40'45% of the open orders in Q4 FY26 and close FY26 with improved gross margins and turn profitable. Drones have become a critical element of counter-insurgency and counter-terrorism operations, and recent global conflicts have reinforced the need for nations to build strong indigenous capabilities. For India, this shift became especially evident post Operation Sindoor, with a clear acceleration in procurement through initiatives such as EP6 and decentralised command-level purchases. The recent reports of a fresh procurement outlay of approximately Rs 20,000 crore signal a strong, multi-year demand tailwind for the domestic drone industry. With indigenously developed platforms, subsystems, and full-stack technology, we are gearing up to meet evolving requirements by expanding beyond ISR and reinforcing leadership in India's drone ecosystem. Further, the reports of PLI 2.0 and R&D incentives for drones also provide positive signs for the industry.' Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India. Powered by Capital Market - Live