Agreements

www.ideaforgetech.com October 09, 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- Dear Sir/Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our intimation dated July 31, 2026, regarding receipt of Letter of Intent from the Technology Development Board ("TDB"), this is to further inform you that ideaForge Technology Limited (the ‘Company’), has entered into loan agreement dated October 09, 2026, with Technology Development Board for availing loan of Rs. 151 Crores (One Hundred and Fifty-One Crores) in tranches for YETI - Heavy lift long range autonomous aerial logistics vehicle" ("Project"). Further to this development, the Company received the formal Term Sheet from TDB on October 07, 2026. The Company has reviewed and accepted the terms thereof, and the countersigned Term Sheet was duly executed and delivered to TDB on October 08, 2026. In this regard, we hereby enclosing 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. The information is also available on the Company’s website at https://ideaforgetech.com/ Request you to kindly take the above on records. 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(s) of parties with whom the Technology Development Board and agreement is entered ideaForge Technology Limited 2 Purpose of entering into the agreement Financial assistance to ideaForge Technology Limited 3 Size of agreement Rs. 151 Crores 4 Shareholding, if any, in the entity with NA whom the agreement is executed 5 Significant terms of the agreement (in The agreement contains standard brief) special rights like right to appoint commercial lending covenants, directors, first right to share subscription promoter share transfer restrictions in case of issuance of shares, right to (>20%), matching funding obligations, restrict any change in capital structure, and IPR retention terms. No special etc. rights have been given regarding appointment of directors or restriction on capital structure etc. 6 Whether, the said parties are related to No promoter/promoter group/ group companies in any manner. If yes, nature of relationship 7 Whether the transaction would fall within No related party transactions? If yes, whether the same is done at “arm’s length” 8 In case of issuance of shares to the parties, NA details of issue price, class of shares issued; 9 In case of loan agreements, details of a. Lender: Technology Development lender/borrower, nature of the loan, total Board ("TDB") amount of loan granted/taken, total amount outstanding, date of execution of b. Nature of the loan: Term Debt Facility the loan agreement/sanction letter, details of the security provided to the c. Total amount sanctioned: Rs. 151 lenders / by the borrowers for such loan or Crores. in case outstanding loans lent to a party or borrowed from a party become material d. Total amount outstanding: loan on a cumulative basis; amount yet to be disbursed e. Date of execution of loan agreement: October 09, 2026 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 f. Security proposed to be provided: First-ranking charge over identified project assets, plant, machinery, and equipment created/acquired using the loan facility for this project. 10 Any other disclosures related to such NA agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc 11 In case of termination or amendment of NA agreement, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof. 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