ideaForge Technology Allots 88,366 Equity Shares Under ESOP Scheme, Paid-Up Capital Rises to Rs. 43,38,76,410

ideaForge Technology Limited allotted 88,366 equity shares on May 04, 2026, under the ideaForge Employee Stock Option Scheme, 2018 (ESOP 2018), following the exercise of vested stock options by eligible employees. The allotment was approved by the Executive Committee of the Board on the same date. Each share carries a face value of Rs. 10/- and was issued at an exercise price of Rs. 10/- per share. The newly issued shares rank pari-passu with the existing equity shares of the company in all respects and are not subject to any lock-in restrictions.

Impact on Paid-Up Capital

The allotment has resulted in an increase in the company's paid-up share capital. The following table summarises the change in capital structure post-allotment:

Metric: Pre-Allotment Post-Allotment Paid-Up Capital: Rs. 43,29,92,750 Rs. 43,38,76,410 Number of Equity Shares: 4,32,99,275 4,33,87,641 Face Value Per Share: Rs. 10/- Rs. 10/-

ESOP Allotment Details

The allotment was made pursuant to Regulation 10(c) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The key details of the allotment are as follows:

Parameter: Details Scheme Name: ideaForge Employee Stock Option Scheme, 2018 Date of Issue: May 04, 2026 Number of Shares Issued: 88,366 Kind of Security: Equity Shares Par Value: Rs. 10/- Exercise Price Per Share: Rs. 10/- Distinctive Numbers: 4,32,99,276 to 4,33,87,641 Total Issued Shares After Issue: 4,33,87,641 Total Issued Share Capital After Issue: Rs. 43,38,76,410 Lock-In: Not Applicable Pari-Passu with Existing Shares: Yes

Regulatory Compliance

The disclosure was filed with both BSE Limited and the National Stock Exchange of India Limited in accordance with applicable SEBI regulations. The original statement under Regulation 10(b) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 was filed on August 03, 2023. The filing numbers on record are NSE/LIST/36806 dated September 26, 2023 (NSE) and DSC/IPO/TL/ESOP-IP/2925/2023-24 dated September 26, 2023 (BSE). The communication was signed by Nilesh Ranjan Jaywant, Company Secretary and Compliance Officer (Membership No. A26554), and the update has been published on the company's official website.

ideaForge Technology has made available the audio recording of its earnings conference call for the quarter and year ended March 31, 2026. The call was hosted on May 04, 2026, at 11:00 a.m. IST following the announcement of audited standalone and consolidated financial results. The recording can be accessed through the company's official website.

Financial Performance Overview

The company's Q4 financial metrics demonstrate robust operational performance across key parameters:

Financial Metric: Q4 Current Year Q4 Previous Year Performance Net Profit: ₹60.40 crores Loss of ₹20.40 crores Turnaround to profit Revenue: ₹140.00 crores ₹23.80 crores Strong growth

Profitability Transformation

The most notable aspect of ideaForge Technology's Q4 results is the dramatic shift in profitability. The company reported a net profit of ₹60.40 crores, representing a complete turnaround from the loss of ₹20.40 crores recorded in the same quarter of the previous year. This transformation indicates improved operational efficiency and better cost management.

Revenue Growth

The company's revenue performance was equally impressive, with Q4 revenue reaching ₹140.00 crores compared to ₹23.80 crores in the corresponding quarter of the previous year. This substantial increase in revenue demonstrates strong business momentum and market demand for the company's offerings.

Earnings Call Recording

Pursuant to Regulation 30 and 46 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the earnings call has been uploaded to the company's website for stakeholder reference. The disclosure was signed by Nilesh Ranjan Jaywant, Company Secretary and Compliance Officer of ideaForge Technology Limited.

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