ideaForge Technology Limited has informed the Exchange regarding 'Submission of Business Responsibility and Sustainability Report for the Financial Year 2024-25'.
IDEAFORGE · price
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Awaiting price reaction for this filing.
IdeaForge Technology, a leading Indian drone (UAV) manufacturer, has filed its BRSR for FY 2024-25 with the stock exchanges as part of its annual report. The company reported turnover of ₹1,659.4 million and net worth of ₹608.68 million, with 96% of revenue coming from UAV manufacturing and 4% from unmanned aerial systems software. It has 513 permanent employees (86% male, 14% female) and 82 non-permanent workers, operating across 7 national locations and 1 international office, serving 28 Indian states and 4 countries (Bhutan, Nigeria, US, Oman). Key ESG highlights include ISO 45001, ISO 9001, and ISO 9100 certifications, DGCA certifications, an anti-bribery policy, 0 work-related injuries or fatalities, 25% of R&D spend on social/environmental impact technologies, and Extended Producer Responsibility (EPR) registration for battery, e-waste, and plastic waste. The company received 749 customer complaints (248 pending at year-end) and 0 shareholder complaints, with a previous DGCA penalty of ₹1,00,000 reduced to ₹10,000 on appeal.
This is a routine regulatory disclosure and not expected to materially impact the stock price. However, the report shows IdeaForge is in an early stage of formal ESG tracking (second year of implementation), with no independent assurance or external policy assessment yet — investors may view this as a work-in-progress area. The strong domestic positioning as India's largest UAV operator and 3rd global dual-category drone maker remains the key business takeaway.