Ideaforge Technology Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Ideaforge Technology Limited has released its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The statutory auditors BSR&Co. LLP issued an Unmodified (clean) opinion on both standalone and consolidated results. The auditor's report explicitly mentions a net loss for the year ended March 31, 2026. Total assets decreased from Rs 8,197 million to Rs 6,850 million (standalone), while total equity declined from Rs 6,205 million to Rs 5,190 million. The consolidated results include a subsidiary that reported a net loss of Rs 95.39 million. The company's operating cash flow was negative at Rs 97.05 million for FY2026. The Board also re-appointed GMJ & Co. as Internal Auditor and Ramanand & Associates as Tax Auditor for FY2026-27, and scheduled the 19th AGM for August 5, 2026.
The company reported a net loss for FY2026 with declining assets and equity, combined with negative operating cash flow. While the auditors gave a clean opinion, the financial performance metrics indicate operational challenges that shareholders should monitor closely.