Ideaforge Technology Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025.
IDEAFORGE · price
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The Board of ideaForge Technology approved its audited standalone and consolidated financial results for Q4 and full year ended March 31, 2025, with a clean (unmodified) audit opinion from BSR & Co. LLP. On a consolidated basis, revenue declined sharply YoY (from ~₹3,444 million in FY24 to ~₹2,083 million in FY25) and the company reported a net loss of about ₹625 million for FY25, against a profit of ₹101 million in FY24. Standalone figures show a loss of ~₹257 million in FY25 versus a profit of ~₹26 million in FY24, and operating cash flows were sharply negative (~₹1,017 million outflow on a consolidated basis). The Board also appointed M/s. S.N. Ananthasubramanian & Co. as Secretarial Auditor for five years (FY26–FY30) and re-appointed GMJ & Co. as Internal Auditor and Ramanand & Associates as Tax Auditor for FY26. The 18th AGM has been scheduled for July 31, 2025 via video conferencing.
The shift from profit to loss and the steep revenue decline are clearly negative for shareholders, signaling weak FY25 demand and execution challenges, though the unmodified audit opinion removes any near-term governance overhang. The new equity capital raised via the IPO was deployed into working capital, product development, and debt repayment, but near-term profitability and cash generation remain under pressure.