Receipt of Letter of Intent from Technology Development Board to ideaForge Technology Limited.

www.ideaforgetech.com July31,2026 To, To, BSELimited TheNationalStockExchangeofIndia PhirozeJeejeebhoyTowers,DalalStreet, Limited“ExchangePlaza”,Bandra–Kurla Fort,Mumbai–400001. Complex,Bandra(EAST),Mumbai–400 BSEScripCode:543932 051 NSESYMBOL:IDEAFORGE Sub:IntimationunderRegulation30oftheSEBI(ListingObligationsandDisclosureRequirements) Regulations,2015–ReceiptofLetterofIntent("LOI")fromTechnologyDevelopmentBoard("TDB") DearSir/Madam, PursuanttoRegulation30readwithScheduleIIIoftheSecuritiesandExchangeBoardofIndia(Listing ObligationsandDisclosureRequirements)Regulations,2015("SEBIListingRegulations"),wewishto informyouthatideaForgeTechnologyLimited("theCompany")hasreceivedaLetterofIntent("LOI") dated July 27, 2026 from the Technology Development Board ("TDB"), a statutory body under the DepartmentofScienceandTechnology,GovernmentofIndia(GOI). TheManagementoftheCompanyhasreviewedthetermsandconditionsoutlinedintheLOIandhas dulysubmitteditsacceptancetoTDBwithinthestipulatedperiod.TheLOIconveysTDB'sin-principle approvaltoconsiderfinancialassistancefortheCompany’sprojectproposal. ThedetailsrequiredunderRegulation30oftheSEBIListingRegulations,2015readwithrelevantSEBI CircularsareprovidedinAnnexure-A. TheaboveisbeinguploadedonthewebsiteoftheCompanyathttps://ideaforgetech.com/ Kindlytaketheaboveinformationonrecordanddisseminatethesameonyourwebsite. Thankingyou, Yoursfaithfully, ForideaForgeTechnologyLimited NileshRanjanJaywant CompanySecretaryandComplianceOfficer MembershipNo.A26554 ideaForgeTechnologyLimited EL-146,T.T.C.IndustrialArea,M.I.D.C.Mahape,NaviMumbai-400710,Maharashtra(India) Ph.(O):+91(22)67871000(F)+91(22)67871007 Email:info@ideaforgetech.comCINNo.L31401MH2007PLC167669 www.ideaforgetech.com ThedetailsasrequiredunderSEBICircularandListingRegulations,2015areasfollows: Annexure-A Particulars Details Nameofthe TechnologyDevelopmentBoard("TDB"),Department awarding/issuingentity ofScienceandTechnology,GovernmentofIndia. "YETI - Heavy lift long range autonomous aerial 2. NameoftheProject logisticsvehicle"("Project"). Financial Assistance in the form of a Loan under the NatureofAssistance/ 3. Research Development and Innovation Scheme ("RDI Instrument Scheme"). TotalEstimatedCostofthe INR302.00Crore(IndianRupeesThreeHundredTwo Project Croreonly). In-principle approval for an amount not exceeding ProposedFinancial INR 151.00 Crore (Indian Rupees One Hundred Fifty- AssistanceAmount OneCroreonly).(FinalamounttobedecidedatTDB's solediscretion). •InterestRate:Simpleinterestof4%perannum. • Tenure / Project Completion Period: 3 years from thedateofthefirstdisbursement. • Disbursement Terms: To be released in multiple tranches subject to the Company arranging an 6. KeyTermsandConditions equivalent amount from non-Government sources andachievingcorrespondingmilestoneexecutions. • Other Terms: Execution of definitive agreements, satisfactory completion of due diligence, and other standard conditions per the RDI Scheme guidelines andtermsheet. TheLOIconveysTDB’sin-principleapproval/intention and does not constitute a final binding commitment NatureofLOI/Binding 7. or sanction letter until execution of definitive Commitment agreements following due diligence and fulfilment of prescribedconditions. ideaForgeTechnologyLimited EL-146,T.T.C.IndustrialArea,M.I.D.C.Mahape,NaviMumbai-400710,Maharashtra(India) Ph.(O):+91(22)67871000(F)+91(22)67871007 Email:info@ideaforgetech.comCINNo.L31401MH2007PLC167669 www.ideaforgetech.com Particulars Details Whetherdomesticor 8. Domestic. international None of the Promoters / Promoter Group / Group Whetherrelatedparty Companieshaveanyinterestintheissuingentity.This 9. transaction/interestof transaction does not fall within Related Party promoter/promotergroup Transactions under the applicable laws and regulations. ideaForgeTechnologyLimited EL-146,T.T.C.IndustrialArea,M.I.D.C.Mahape,NaviMumbai-400710,Maharashtra(India) Ph.(O):+91(22)67871000(F)+91(22)67871007 Email:info@ideaforgetech.comCINNo.L31401MH2007PLC167669