Shareholders meeting

www.ideaforgetech.com July 13, 2026 To, To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, “Exchange Plaza”, Bandra – Kurla Complex, Fort, Mumbai – 400 001. Bandra (EAST), Mumbai – 400 051 BSE Scrip Code: 543932 NSE SYMBOL: IDEAFORGE Sub: Submission of Notice of 19th Annual General Meeting along with the Annual Report of the Company for the Financial Year 2025-26. Dear Sir/Ma’am, Pursuant to the outcome of the Board Meeting dated April 30, 2026, we wish to inform you that the 19th Annual General Meeting (“AGM”) of ideaForge Technology Limited (“the Company”) is scheduled to be held on Wednesday, August 05, 2026, at 11:00 a.m. (IST) through Video Conferencing/ Other Audio-Visual Means (“VC/ OAVM”) facility. Pursuant to Regulations 30, 34 and 36 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are hereby submitting the Notice of the 19th AGM along with the Annual Report for the Financial Year 2025-26, which is being sent through electronic mode to those members whose email addresses are registered with the Company/ Depository Participants(s) and the Company’s Registrar and Share Transfer Agent, MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited) (“Registrar/RTA”). Further, in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations, as amended, a letter is being dispatched to all those shareholders whose email addresses are not registered in the Company’s records, providing the web-link with the exact path where the complete details of the Annual Report for the Financial Year 2025-26, including the Notice of the 19th AGM, is available. Shareholders may request a hard copy of the Annual Report, which will be provided upon such request. The Notice and Annual Report for the Financial Year 2025-26 is also available on the Company’s website at https://ideaforgetech.com/ You are requested to kindly take the same on your records. Thanking you, Yours truly, For ideaForge Technology Limited Nilesh Ranjan Jaywant Company Secretary and Compliance Officer Membership No. A26554 Encl: As above ideaForge Technology Limited EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710, Maharashtra (India) Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007 Email: info@ideaforgetech.com CIN No. L31401MH2007PLC167669 A different idea of uncrewed aviation ideaForge: Drones became a household name in India after Operation Sindoor. Investment in dual-use drone conceived over two decades. BUILT technology is increasing, driven by rising geopolitical uncertainty and growing demand for unmanned A team, “built different”, forging the path DIFFERENT systems. While the Napoleonic paradigm “An army to an uncrewed future. marches on its belly" is still true, the nature of the armed forces themselves is changing. Today, armies Shaping the market, Creating new run on remote warriors and smart, multi-role Drones. customer segments, Solving real user ideaForge envisioned this change two decades needs, Inventing deep technology, and ago and is one of the very few Indian deep tech Cracking complex application problems. companies that created the technology, transformed it into high performance products and scaled it to fulfill mission-critical use cases in both defense and civil sectors. In this Annual Report, we will dive deeper into the building blocks that make the company and explain why ideaForge is Built Different. Contents CORPORATE OVERVIEW STATUTORY REPORTS Built Different 02 Management Discussion & Analysis 51 The Industry at an Inflection Point 04 Board’s Report 66 Company Overview 05 Report on Corporate Governance 104 Built different with Sovereign Assurance 08 Business Responsibility & Built different for Mission Critical Sustainability Report 138 Operations at Scale 12 Built different with Adaptive Intelligence 14 FINANCIAL STATEMENTS Built different for Mission Standalone Financial Statements 181 Versatility and Scalability 16 Consolidated Financial Statements 261 Chairman’s Message 20 Q&A with the CEO 22 NOTICE 340 Performance Anchored in Resilience 26 Environment 28 Social – Employees 32 Social – Communities 36 Governance 38 Board of Directors 44 To view this report online and Key Managerial Personnel 49 to know more about ideaForge, Corporate Information 50 visit: www.ideaforgetech.com ideaForge Technology Limited | Annual Report 2025-26 Corporate Overview Statutory Reports Financial Statements BUILT A business built to support compounding economics What next? DIFFERENT driven by technology re-use, fleet expansion, and revenue As we have indicated in our previous Annual Reports, the from digital and physical services attach. industry is now entering a decisive growth phase, where  We chose to architect platforms that can be re-used geopolitics is reshaping supply chains, defense forces are At ideaForge, the need to be “built different”, to drive prioritizing trusted platforms with sovereign capabilities, the path of vertically integrated techstack comprising across products, programs, and customer relationships and enterprise adoption is accelerating. of hardware, software, and solutions and technology-  We chose to build services and software alongside led effort, was a part of the DNA to begin with building As this happens, the foundation that set us apart in hardware, creating multiple revenue streams differently is a philosophy that we have followed since the past now provides a strong structural advantage to its inception:  Now that the markets are evolving, the capabilities that capture evolving opportunities in the future. set us apart in the past now position us to lead in the We have the launchpad to consolidate our market position A business built with, an indigenous R&D engine future. It is not a pivot for us, but an inflection point in India and expand both horizontally and geographically. that consistently converts deep technology capabilities into We are positioned to accelerate growth, strengthen the deployable products and scalable revenue. A business built with dual domain capabilities nation’s defense and industrial ecosystem, and create from deep defense origins to scaled civilian impact, value for all stakeholders.  We chose to build indigenous and sovereign capabilities powering India’s emerging low-altitude economy. over importing, engineering over assembling, ownership over dependency, innovation over imitation  We chose to build all platforms with defense-grade  We chose to embed intelligence in our platforms rather engineering requirements as well as civilian than just stopping at basic hardware embodiments for diverse enterprise applications  We have created a launchpad to build on our leading A business built on sovereign manufacturing, secure position in India and expand both horizontally supply chain, and field-proven versatility and geographically anchored by in-house capacities and engineering capabilities that ensure our platforms’ reliable performance in some of the world’s harshest operating conditions.  We chose to own our manufacturing and develop secure supply chain, giving us control over security, quality, throughput, and the ability to scale on demand  We engineer platforms that are versatile across missions and resilient in diverse environmental, terrain and operational conditions  These choices mean customers can rely on us for their mission-critical requirements A business built for power-law outcomes where persistent innovation on trusted technologies and platforms lay the groundwork for long-term value creation.  Instead of choosing the low value add “import, assemble, imitate” path, we chose the unconventional way  We chose to build trust through meeting stringent customer demands before pursuing scale  The result is that ideaForge is not just another drone manufacturing company but a trusted mission-advantage p [Showing first 8,000 characters — download PDF for full document]