Analysts/Institutional Investor Meet/Con. Call Updates

www.ideaforgetech.com August18,2026 To, To, BSELimited TheNationalStockExchangeofIndia PhirozeJeejeebhoyTowers,DalalStreet, Limited“ExchangePlaza”,Bandra–Kurla Fort,Mumbai–400001. Complex,Bandra(EAST),Mumbai–400051 BSEScripCode:543932 NSESYMBOL:IDEAFORGE Sub:TranscriptofEarningsCallforthequarterendedJune30,2026ofideaForgeTechnologyLimited (“theCompany”). DearSir/Ma’am, ThisisfurthertoourletterdatedAugust11,2026,wherebytheCompanyhadsubmittedthelinkto theaudiorecordingoftheEarningsCallhostedbytheCompanyonTuesday,August 11,2026at11.00 a.m. (IST) post announcement of Unaudited Financial Results (Standalone & Consolidated) for the quarterendedJune30,2026. Regulations30and46readwithsub-clause(ob)ofClause15ofParaAofPartAofScheduleIIIofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015., please find enclosed the transcript of the Earnings call held on Tuesday, August 11, 2026. The Transcript is also available on Company’swebsiteatbelowlink: Link:https://ideaforgetech.com/uploads/Other/Transcript_11082026.pdf Kindlytakethesameonyourrecords. Thankingyou, Yoursfaithfully ForideaForgeTechnologyLimited NileshRanjanJaywant CompanySecretary&ComplianceOfficer MembershipNo.A26554 Encl:asabove 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.com CINNo.L31401MH2007PLC167669 “ideaForge Technology Limited Q1 FY27 Earnings Conference Call” August 11, 2026 MANAGEMENT: MR. ANKIT MEHTA – CHIEF EXECUTIVE OFFICER AND WHOLE-TIME DIRECTOR – IDEAFORGE TECHNOLOGY LIMITED MR. VIPUL JOSHI – CHIEF FINANCIAL OFFICER AND WHOLE-TIME DIRECTOR – IDEAFORGE TECHNOLOGY LIMITED MODERATOR: MR. PARTH PATEL – MUFG INTIME INDIA PRIVATE LIMITED Page 1 of 18 ideaForge Technology Limited August 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the ideaForge Technology Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touch-tone telephone. Please note that this call is being recorded. I now hand the conference over to Mr. Parth Patel from MUFG Intime. Thank you, and over to you. Parth Patel: Thank you, and good morning. On behalf of MUFG Intime, I welcome you all to ideaForge Technology Limited Q1 FY27 Earnings Conference Call. From the management side, we have Mr. Ankit Mehta, Chief Executive Officer and Whole-Time Director; Mr. Vipul Joshi, Chief Financial Officer and Whole-Time Director. I hope everyone had an opportunity to go through our investor deck and press release that we have uploaded on our exchange and company's website. A short disclaimer I would like to say before we begin the call. This call may contain some of the forward-looking statements, which are completely based upon our belief, opinion and expectations as of today. These statements are not a guarantee of our future performance and may involve unforeseen risks and uncertainties. With this, now I hand over the call to Mr. Ankit Mehta. Over to you, sir. Ankit Mehta: Thank you. Good morning, everyone, and thank you for joining us for ideaForge's Q1 FY27 Earnings Conference Call. I'm joined today by our CFO, Mr. Vipul Joshi and our Investor Relations team. I will begin with the highlights of the quarter, progress on our key developmental programs and how we are positioned for the year. After a muted FY25, the Indian drone industry witnessed demand revival in FY26, and many of our long-term bets and investments were materialized into our order book and financial performance. While FY26 was a turnaround year after a short blip in FY25, FY27 so far has been about building on that foundation that we have created over the years. Quarter 1 marked a steady start to the year, supported by continued execution and advancement across key strategic developmental programs. Let me start with a few highlights. First, we delivered more than 20% of our FY27 opening order book, recording revenue from operations of INR68.6 crores and closed the quarter with a positive EBITDA. Second, we have made significant progress on our key developmental programs, advancement on combat drone capabilities like air-launched effects and fuel-hybrid long-endurance capability for ZOLT, the first technical demonstrator of YETI completing tethered hover test, multiple market-ready developments on FLYGHT CLOUD, improvements on EW resilience stack and DGCA Type Certification for our Q6 V2 GEO UAV. Page 2 of 18 ideaForge Technology Limited August 11, 2026 Third, our deployed UAV fleet crossed 1 million customer missions. These missions were carried out in some of the most challenging terrains and conditions, providing us with learnings that help us drive our product and technology development efforts. Fourth, we secured the capital required to fuel our next phase of growth, raising INR500 crores through a qualified institutional placement and receiving a Letter of Intent for financial assistance of up to INR151 crores for our middle-mile logistics UAV YETI under the Government of India's RDI Scheme. Fifth, the demand environment moved in a positive direction with an announcement of INR20,000 crores worth of drone procurements through Fast Track mode and substantially expanded delegation of financial powers to defense forces field commanders, signaling towards increased procurement activities in FY27 and onwards. Let me take each of these forward. On the execution and order book front, we entered FY27 with an opening order book of more than INR300 crores, and our priority for the year is conversion of the opening order book into revenue. We delivered more than 20% of the same in the first quarter. We also reported a positive EBITDA, marking another quarter of improving financial performance. While global supply chain disruptions and component availability continue to pose challenges, we remain focused on completing delivery of the remaining order book of INR256.8 crores by Q3 as per customer timelines. Coming to the technology and product side, our approach to new products and technology development has been to own the consequential technologies and deliver a complete solution to our customers. At ideaForge, we have always focused on engineering ownership on the layers that are most difficult to build and replicate and also turn out to be the most consequential for real missions and business health. The consequential technologies in the present context include resilient communication systems that can withstand jamming, resilient navigation systems that can operate despite jamming and spoofing attempts, secure command and control software, edge compute for intelligence and specialized mission payloads. This approach provides a significant cost advantage as compared to the competition's need to use state-of-the-art imported technology. It gives us technology sovereignty and reduces exposure to denial or withdrawal of technology and sabotage threats. It allows us to adapt faster when customer requirements evolve rapidly and retain control over the security and performance of the system. Along with this, we have built several layers of technology like BlueFire Touch ground control software for real-time mission control, FLYGHT app and FLYGHT web for remote drone flight requests and real-time monitoring and FLYGHT CLOUD for data storage, post processing, AI analytics, reports and automation to provide complete solutions to our customers. Page 3 of 18 ideaForge Technology Limited August 11, 2026 This enables customers to adopt secure and resilient mission-critical UAV platforms that can also deliver final outcomes without needing the customer to orchestrate between multiple providers for all of these necessary but complex layers. In Q1, we mad [Showing first 8,000 characters — download PDF for full document]