Quarterly Result2 Nov 2026, 08:42 pm
ideaForge Technology Declares Unaudited Q2 FY27 Results
AI Summary
ideaForge Technology Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved the standalone and consolidated results, along with the limited review report from BS R & Co. LLP. The company also reported on stock option grants and allotments, and the utilization of funds raised through a Qualified Institutional Placement (QIP) in July 2026. The QIP raised INR 5,000 Million, with INR 2,764.81 Million utilized as of September 30, 2026, for loan repayment, working capital, product development, and general corporate purposes.
Key Highlights
- Board approved unaudited standalone & consolidated financial results for Q2 FY27.
- Limited review report issued by statutory auditors BSR&Co.LLP.
- Company granted stock options and allotted equity shares under ESOS.
- QIP proceeds of INR 5,000 Million utilized for debt, working capital, and R&D.
- Single operating segment: manufacture and marketing of UAV systems.
Price Impact
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