ideaForge Technology Promoter Vipul Joshi Pledges 3,70,370 Equity Shares Under SEBI Regulation 31

ideaForge technology promoter Vipul Joshi has disclosed the creation of a pledge on 3,70,370 equity shares of the company under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to BSE and NSE on April 06, 2026.

Pledge Details

The pledge was created on March 19, 2026, in favor of Neo Wealth Management Private Limited for personal financial requirements. Joshi, who serves as the company's CFO and Whole time Director, pledged the shares as part of his personal financial arrangements.

Parameter Details Pledged Shares 3,70,370 Percentage of Total Share Capital 0.85% Date of Pledge Creation March 19, 2026 Beneficiary Entity Neo Wealth Management Private Limited Purpose Personal financial requirements

Promoter Shareholding Analysis

Vipul Joshi holds a total of 18,52,310 equity shares in ideaForge Technology Limited, representing 4.28% of the company's total share capital. The pledged shares constitute a portion of his overall holding in the company.

Shareholding Details Number of Shares Percentage Total Promoter Holding (Vipul Joshi) 18,52,310 4.28% Shares Pledged 3,70,370 0.85% Encumbered as % of Promoter Holding 3,70,370 20.00%

Regulatory Compliance

The disclosure confirms that the encumbered shares do not breach significant regulatory thresholds. The pledged shares represent less than 50% of the promoter's shareholding and less than 20% of the company's total share capital, ensuring compliance with SEBI guidelines.

Key Compliance Metrics:

Encumbered shares as percentage of promoter shareholding: 20%

Encumbered shares as percentage of total share capital: 0.85%

Both metrics remain within regulatory limits

Corporate Governance

The pledge creation has been properly disclosed to both BSE (Scrip Code: 543932) and NSE (Symbol: IDEAFORGE) as required under SEBI regulations. Joshi, holding DIN: 10071782, has fulfilled his disclosure obligations as a promoter and key managerial personnel of the company. The disclosure indicates this is a new encumbrance, with no existing pledges on the promoter's shareholding prior to this transaction.

ideaForge Technology Limited's promoter and CEO Ankit Mehta has disclosed the creation of a pledge on 3,70,370 equity shares of the company. The disclosure was made to BSE and NSE on April 6, 2026, in compliance with SEBI regulations governing substantial acquisition of shares and takeovers.

Pledge Details and Structure

The pledge was created on March 19, 2026, in favor of Neo Wealth Management Private Limited. Mehta cited personal financial requirements as the reason for creating this encumbrance on his shareholding.

Parameter: Details Pledged Shares: 3,70,370 equity shares Pledge Date: March 19, 2026 Beneficiary: Neo Wealth Management Private Limited Purpose: Personal financial requirements Type of Encumbrance: Pledge

Shareholding Impact Analysis

The pledged shares represent a relatively small portion of both Mehta's individual holding and the company's overall share capital. Prior to this transaction, Mehta had no existing encumbrances on his shareholding.

Shareholding Metric: Number of Shares Percentage Mehta's Total Holding: 36,86,964 8.52% of share capital Pledged Shares: 3,70,370 0.85% of share capital Pledged as % of Mehta's Holding: 3,70,370 10.04% of promoter holding Previous Encumbrances: Nil Nil

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company confirmed that the encumbered shares do not exceed the regulatory thresholds that would trigger additional compliance requirements.

Key Regulatory Confirmations:

Encumbered shares are less than 50% of promoter shareholding

Encumbered shares are less than 20% of total share capital

No existing events or agreements pertaining to encumbrance

Corporate Governance Disclosure

Ankit Mehta serves as CEO and Whole Time Director of ideaForge Technology Limited with DIN 02108289. The company's shares are listed on both BSE (Scrip Code: 543932) and NSE (Symbol: IDEAFORGE). The disclosure includes comprehensive annexures detailing the encumbrance creation process and reasons, demonstrating adherence to transparency requirements for listed companies.

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