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IDEAFORGE TECHNOLOGY LIMITED Board/Management Information 2025

Sep 6, 2025

61104_rns_2025-09-06_2c089073-5363-4d5a-a8b3-31f2c4fbac57.pdf

Board/Management Information

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www.ideaforgetech.com

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September 06, 2025

To,
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street,
Fort, Mumbai – 400 001.
BSE Scrip Code:543932
To,
The National Stock Exchange of India
Limited“Exchange Plaza”, Bandra – Kurla
Complex, Bandra (EAST), Mumbai – 400 051
NSE SYMBOL: IDEAFORGE

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to Regulation 24(A) and Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), this is to inform that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company at their meeting held on Tuesday July 22, 2025 and the shareholders at their meeting held through Postal Ballot by passing the special resolution have approved the following:

  1. Appointment of Mr. Vipul Joshi (DIN: 10071782) as the Whole-time Director of the Company with effect from the date of the approval of the shareholders i.e. September 06, 2025 for a period of 5(five) years.

  2. Identification and addition of Mr. Vipul Joshi (DIN: 10071782) in the category of Promoters and granting of Special Rights to the Promoters of the Company.

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are mentioned below as Annexure- A.

Kindly take the same on your records

Thanking you,

Yours faithfully

For ideaForge Technology Limited

NILESH RANJAN Digitally signed by NILESH RANJAN JAYWANT JAYWANT Date: 2025.09.06 22:51:42 +05'30'

Nilesh Ranjan Jaywant Company Secretary and Compliance Officer Membership No. A26554

idea Forge Technology Limited

EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India). Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007

Email: [email protected] CIN No. L31401MH2007PLC167669

www.ideaforgetech.com

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Annexure – A

The required details pursuant to SEBI Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023:

Particulars Details
Name of the Director Mr. Vipul Joshi (DIN: 10071782)
Reason for Change viz Appointment,
~~Re-appointment,~~
~~Resignation,~~
~~removal, death or~~
~~otherwises~~
Based on the recommendation of the Nomination and
Remuneration Committee, the Board considered and approved
the proposal for the appointment of Mr. Vipul Joshi (DIN:
10071782) as a Whole-Time Director of the Company, and his
identification as a Promoter resulting in the alteration of Articles
of Association and subject to the approval of the Shareholders.
Date of Appointment Effective from the date of approval of the resolution by the
Shareholders of the Company.
Brief Profile Mr. Vipul Joshi is the Chief Financial Officer at ideaForge
Technology Ltd. and has been part of its leadership team since
2008. With over 15 years of experience in financial management,
strategic planning, and operational governance, Vipul plays a
crucial role in shaping the company’s long-term growth and
resilience.
Mr. Vipul earned his bachelor’s degree in accounting from Jai
Narain Vyas University, Jodhpur, followed by an MBA in
International Management from the University of Business &
Finance, Switzerland. His mix of global exposure and practical
approach has helped create a finance function that not only
supports day-to-day operations but also pushes the company
toward greater possibilities in the competitive UAV technology
space.
In his role, he oversees and provides strategic guidance to the team
in areas such as financial planning and analysis, governance and
compliance, treasury, capital structuring, and risk management.
Over the years, he has strengthened financial processes, enhanced
internal controls, and aligned financial strategies with the
organization’s innovation-driven roadmap.
Beyond traditional finance functions, he’s actively involved in
scaling operations, exploring new market

idea Forge Technology Limited

EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India).Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007 NILESH RANJAN JAYWANT Digitally signed by NILESH RANJAN JAYWANT Date: 2025.09.06 22:52:00 +05'30' Email: [email protected] CIN No. L31401MH2007PLC167669

www.ideaforgetech.com

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opportunities, and building partnerships that support the company’s expansion. He also advises the Board of Directors on investment priorities, capital allocation, and sustainable growth strategies.

Mr. Vipul is equally committed to driving ideaForge’s Environmental, Social, and Governance (ESG) efforts. For him, it’s not just about numbers — it’s about ensuring that the company grows responsibly, with ethics, sustainability, and transparency at its core. Disclosure of relationship between None. directors

NILESH Digitally signed by NILESH RANJAN RANJAN JAYWANT JAYWANT Date: 2025.09.06 22:52:23 +05'30'

idea Forge Technology Limited

EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India). Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007

Email: [email protected] CIN No. L31401MH2007PLC167669