Intimation under Regulation 30 - Order received by the ideaForge Technology Limited (the Company) under section 74 of the CGST Act.

www.ideaforgetech.com October 02, 2026 To, To, BSE Limited The National Stock Exchange of India Phiroze Jeejeebhoy Towers, Dalal Street, Limited “Exchange Plaza”, Bandra – Kurla Fort, Mumbai – 400 001. Complex, Bandra (EAST), Mumbai – 400 051 BSE Scrip Code: 543932 NSE SYMBOL: IDEAFORGE Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Order under Section 74 of the CGST Act Dear Sir/Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), this is to inform you that ideaForge Technology Limited (the ‘Company’) has received an order under Section 74 of the Central Goods & Services Tax Act, 2017 (CGST Act) read with the MGST Act, 2017, read with the IGST Act, 2017, or the rules made thereunder, along with any other law for the time being in force in India as applicable. At present, there is no immediate material impact on the financials, business operations, or any other activities of the Company due to the aforesaid order. However, the Company has considered it appropriate to disclose the aforesaid order under the relevant regulation of the SEBI Listing Regulations, 2015. In consultation with our tax advisors, the Company would be filing an appeal against the order with the appropriate Authority. The Company expects a favourable outcome at the Appellate forum. In the event there is any material update that requires intimation under the Listing Regulations, the Company will make necessary disclosures in accordance with regulatory provisions. In this regard, we hereby enclose the necessary details as required under the Listing Regulations, in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026. Please find the details attached as Annexure – A. This information is also disseminated on the website of the Company. Request you to kindly take the above on record . Thanking you, Yours faithfully For ideaForge Technology Limited Nilesh Ranjan Jaywant Company Secretary and Compliance Officer Membership No. A26554 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 www.ideaforgetech.com Annexure – A Disclosure of Information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026: Sr. No. Particulars Descriptions 1 Name of the authority ADDITIONAL COMMISSIONER CGST & Central Excise, BELAPUR. 2 Nature and details of the action(s) taken, Order received demanding tax liability initiated or order(s) passed of INR 545.86 Million along with penalty of INR 545.86 Million covering the periods 2022-24 (viz. January 2022 to March 2024), under section 74 under the Central Goods & Services Tax Act, 2017 (CGST Act) read with MGST Act, 2017 read with IGST 2017 or the rules made thereunder, along with any other law for the time being in force in India applicable. 3 Date of receipt of direction or order, October 01, 2026. including any ad-interim or interim orders, or any other communication from the authority 4 Details of the violation(s) / contravention(s) The Authority had claimed that the committed or alleged to be committed Company had wrongly discharged GST at 5% under Sl. No. 244 of Schedule I and thereby short paid GST by the differential rate of 13%. The Company made necessary submissions against the show- cause cum demand notice. Further, in 2025, the Government has clarified that the GST rate for drones is 5% . 5 Impact on financials, operation or other Based on the prevailing law and the activities of the listed entity, quantifiable in Company’s judgement, the Company monetary terms to the extent possible does not presently envisage any immediate material impact on its financials, operations or other activities arising from the said matter until it is concluded. 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