Ideaforge Technology Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
IDEAFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ideaforge Technology Limited has submitted the notice for its 18th Annual General Meeting (AGM) scheduled on July 31, 2025, at 11:00 a.m. IST via video conferencing, along with the Annual Report for FY 2024-25. The annual report reveals a challenging year with revenue from operations falling to INR 1,612 million from INR 3,140 million in FY 2023-24, a decline of nearly 49%. The company posted a loss after tax of INR 623 million and negative EBITDA of INR 315 million, though it received fresh orders worth INR 841.56 million. Defence contributed 59% of revenue while Civil/Enterprise made up 41%. The company also highlighted its ranking as #3 globally among dual-use UAV manufacturers, with 6,50,000+ cumulative flights, 87 patents filed (48 granted), and the launch of new platforms like NETRA 5, SWITCH V2, and development of ZOLT and YETI drones.
The AGM notice is a routine procedural filing, but the underlying annual report signals continued financial stress with shrinking revenues and widening losses, which may pressure the stock in the short term. However, the company's investments in new products, international expansion (North America), and growing DaaS/software revenue streams suggest a long-term growth narrative that investors should weigh against near-term headwinds.