IDEAFORGE TECHNOLOGY LIMITED — Environmental & Social Information 2025

Jul 4, 2025

www.ideaforgetech.com

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July 04, 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: Submission of Business Responsibility and Sustainability Report of ideaForge Technology Limited (“the Company”) for the Financial Year 2024-25.

Dear Sir/Ma’am,

Pursuant to Regulation 34(2)(f) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with applicable circulars, we are submitting herewith the Business Responsibility and Sustainability Report (“BRSR”) for Financial Year 2024-25, which also forms an integral part of the Annual Report for Financial Year 2024-25.

The BRSR is also available on the Company’s website at www.ideaforgetech.com

You are requested to kindly take the same on your records.

Thanking you,

Yours truly,

For ideaForge Technology Limited

NILESH Digitally signed by RANJAN NILESH RANJAN JAYWANT JAYWANT

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

Encl: As above

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: info@ideaforgetech.com CIN No. L31401MH2007PLC167669

Business Responsibility & Sustainability Reporting (BRSR)

SECTION A: GENERAL DISCLOSURES

SECTION A: GENERAL DISCLOSURES
I. Details of the listed entity
1. Corporate Identity Number (CIN) of the Listed Entity	L31401MH2007PLC167669
2. Name of the Entity	ideaForge TechnologyLimited
3. Year of Incorporation	2007
4. Registered offce address	EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India).
5. Corporate address	Unit 702, Q2 Bldg, Aurum Q Parc, Ghansoli, Navi Mumbai - 400 710
6. E-mail	compliance@ideaforgetech.com
7. Telephone	022-67871000
8. Website	www.ideaforgetech.com
9. Financialyear for which reporting is being done	2024-25
10. Name of the Stock Exchange(s) where shares are listed	BSE Limited and National Stock Exchange of India Limited
11. Paid-up Capital	43,07,99,750
12. Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report	Nilesh Ranjan Jaywant Company Secretary & Compliance Offcer compliance@ideaforgetech.com Tel. No: +91 (22) 6787 1000
13. Reporting boundary Are the disclosures under this report made on a standalone basis (i.e., only for the entity) or on a consolidated basis (i.e., for the entity and all the entities which form a part of its consolidated fnancial statements, taken together).	Disclosures made in this report are on a standalone basis and pertain to ideaForge Technology Limited and its offces, manufacturing facility in Maharashtra, India
14. Name of assurance provider	Assurance is not mandatory and has not been taken up for the fnancialyear 2024-2025.
15. Type of assurance obtained	Not Applicable
II. Products/services 16. Details of business activities (accounting for 90% of the turnover):

SL. No.	Description of Main Activity	Description of Business Activity	% Of Turnover of the Entity (FY 2024-25)
1.	Manufacturing	Hardware manufactures and assembly of Unmanned Aerial	96%
	Unmanned Aerial Vehicle	Vehicles (UAVs) and its components such as payloads, batteries,
	(UAV),	chargers, and communication systems.
2.	Unmanned Aerial	Software and embedded sub-systems, which includes the	04%
	Systems (UAS)	Ground control station (GCS) software and autopilot sub-systems
3.	Solution Applications	Applications for surveillance, mapping, and surveying

134 ideaForge Technology Limited

Financial Statements

Corporate Overview Statutory Reports

17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover)

SL. No.	Product/Service	NIC Code	% Of Total Turnover Contributed
1.	Unmanned Aerial Vehicle and Unmanned Aerial Systems	26515	96%
2.	Solution Applications	62013	04%

III. Operations

18. Number of locations where plants and/or operations/offices of the entity are situated:

Location	Number of operational locations	Number of offces	Total
National	1	6	7
International	0	1	1

19. Markets served by the entity:

• a. Number of locations

ets served by the entity: Number of locations
Locations	Number
National (No. of States)	28 states & 8 Union Territories
International (No. of Countries)	4 Countries (Bhutan, Nigeria, US, Oman)

b. What is the contribution of exports as a percentage of the total turnover of the entity? In the financial year 2024-25, less than 1% of turnover was from exports outside India.

c. A brief on types of customers

ideaForge is licensed manufacturer of UAVs. Our UAVs are used for surveillance, surveying and mapping, inspections. Our main customers are enterprises, both private and public, including government entities both central and state government agencies, state police departments, disaster management forces and forest departments. The Company is a market leader in the Indian Unmanned Aircraft Systems. ideaForge had the largest operational deployment of indigenous UAVs across India and ranked as 3rd global dual category (civil & defense) drone manufacturer by Drone Industry Insights (DII). ideaForge is expanding internationally, supplying drones to customers in Southeast Asia, Africa, and other regions.

IV. Employees

20. Details as at the end of Financial Year:

• a. Employees and workers (including differently abled):

S. No. Particulars Total (A)	Male Female
	No. (B) % (B / A) No. (C) % (C / A)
Employees
1. Permanent (D) 513 441 86% 72 14%
2. Other than Permanent (E) 0 0 0 0 0
3. Total employees (D + E) 513 441 86% 72 14%
Workers
4. Permanent (F) - - - - -
5. Other than Permanent (G) 82 64 78% 18 22%
6. Total employees (F + G) 82 64 78% 18 22%

Annual Report 2024-25 135

b. Differently abled Employees:

Differently abled Employees:
S. No. Particulars Total (A)	Male Female
	No. (B) % (B / A) No. (C) % (C / A)
Employees
1. Permanent (D) 1	1 100% - -
2. Other than Permanent (E) -	- - - -
3. Total employees (D + E) 1	1 100% - -
Differently abled Workers:
S. No. Particulars Total (A)

c. Differently abled Workers:

21. Participation/Inclusion/Representation of women

Participation/Inclusion/Representation of women	Participation/Inclusion/Representation of women
Category Total (A)		No. andpercentage of Females
		No. (B) % (B / A)
Board of Directors 8		1 13%
KeyManagement Personnel (KMP) 3		0 0%
Turnover rate for permanent employees and workers
Category	FY24-25 FY23-24 FY22-23
	Male Female Total Male Female Total Male Female Total
Permanent Employees	14% 3% 17% 11.3% 3.5% 14.8% 14.3% 2.2% 16.5%
Permanent Workers	- - - - - - - - -

22. Turnover rate for permanent employees and workers

V. Holding, Subsidiary and Associate Companies (including joint ventures)

23. (a) Names of holding / subsidiary / associate companies / joint ventures

S. No.	Name of the holding / subsidiary / associate companies / joint ventures (A)	Indicate whether holding/ Subsidiary/ Associate/ Joint Venture	% of shares held by listed entity	Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No)
1.	ideaForge TechnologyInc	Subsidiary	100%	No

136 ideaForge Technology Limited

Financial Statements

Corporate Overview Statutory Reports

VI. CSR Details

24. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) – Yes

Sr No.	Particulars	Details (in Millions)
(ii)	Turnover (FY 2024-25) in INR	1,659.4
(iii)	Net worth (FY 2024-25) in INR	608.68

VII. Transparency and Disclosures Compliances

25. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:

Business Conduct:
Stakeholder group from whom complaint is received Grievance Redressal Mechanism in place (Yes/No)	FY 2024-25 FY 2023-24
	Number of complaints fled during the year Number of complaints pending resolution at close of theyear Remarks Number of complaints fled during the year Number of complaints pending resolution at close of theyear Remarks
Communities Yes	- - - - - -
Investors (other than shareholders) Yes	- - - - - -
Shareholders Yes	0 0 All the complaints were resolved by the end of the fnancial year 2024-25 1297 - All the complaints were resolved by the end of the fnancial year 2023-2024.
Employees and workers Yes	- - - - - -
Customers Yes	749 248 888 5 All the complaints were resolved post the end ofyear.
Value Chain Partners Yes	- - - - - -
Other (please specify) -	- - - - - -

ideaForge has well established policies Grievance Redressal processes and Policy. Grievance Redressal Policy and Customer care Policy detail out processes for any grievances from different Stakeholder groups. The policies can be found at this link.

Annual Report 2024-25 137

26. Overview of the entity’s material responsible business conduct issues

Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format:

ideaForge will review key material aspects every 2-3 years to identify any key risks or opportunities.

Sr. No.	Material issues identifed	Indicate Risk/ Opportunity	Rationale for identifying the risk / opportunity	In case of risk, approach to adapt or mitigate	Financial implication of the risk or opportunity (Indicate positive/ negative implications)
1	Product	Risk &	Product Safety is one	ideaForge has taken steps	Negative-
	Safety &	Opportunity	of the most important	to ensure product safety	Product Safety issues
	Quality		aspects of our	through continuous Research,	can have a negative
			business. Issues such as	development, and testing. Every	impact affecting the
			Accidents, malfunctions, and liability concerns can arise from product faws can affect the growth and safety of our products. Any regulatory violations could also affect the product design and use.	UAV manufactured is tested and certifed by the Production Team. There are multiple Quality inspection stages that are defned to ensure the product safety including Product Quality line, Incoming Goods inspection, In- process Quality Inspection, Final Quality Inspection and Out Box	brand reputation Positive -Better process for Product manufacturing and testing will have a positive impact on the business
				Audit.
2	Labor	Risk &	Labour standards and	ideaForge has taken steps to	Negative -Production
	Practices &	Opportunity	potential disruptions in	ensure all Labour standards are	delays can have a direct
	Supply Chain		the supply chain pose	met. The Company has detailed	impact on revenue.
			risks and opportunities. Worker safety, training, fair wages, focus on sustainable and ethical sourcing.	internal policies and processes including (HR policy, Diversity Inclusion and Equal Opportunity Policy). This strengthens the Labour practices.	Positive -Improved worker morale, brand reputation, supply chain resiliency can have a positive impact on the
				For the supply chain aspects	business.
				- ideaForge has taken up a
				Sustainable Supply Chain &
				Responsible Sourcing Policy.
				ideaForge also conducts an ESG
				audit on key suppliers.
				This ensures ethical standards are
				followed across the supply chain
				and procurement practices.
				The Company follows a
				systematic approach towards hazard identifcation and risk
				management (HIRA) to identify
				work-related hazards.

138 ideaForge Technology Limited

Corporate Overview Statutory Reports Financial Statements

Financial implication of the risk or opportunity (Indicate positive/ negative implications)

					Financial imlication
Sr. No.	Material issues identifed	Indicate Risk/ Opportunity	Rationale for identifying the risk / opportunity	In case of risk, approach to adapt or mitigate	p of the risk or opportunity (Indicate positive/ negative implications)
3	Environmental	Risk &	High Waste generation,	ideaForge has taken steps for	Negative-Increased
	Impacts from	Opportunity	energy consumption	Sustainable sourcing and conducts	operating costs can
	Production		and resource use in	review of suppliers across	have a negative impact
			the manufacturing	environmental aspects.	on the business.
			process could lead to environmental damage.	This helps in understanding and addressing any environmental risk	Positive-Reducing the impacts on the
			This is a huge risk	from the suppliers.	Environment can
			to the business. However, this also offers an opportunity to showcase a commitment to reducing environmental impacts arising from manufacturing	ideaForge has implemented specifc measures for sustainable sourcing and regulatory compliance during supplier onboarding, audits, conducting regular reviews based on environmental standards.	create a better brand image and improve environmental management.
			processes.	This approach helps identify and
				address any environmental risks
				linked to suppliers and resources.
				The Company has actively taken
				steps towards waste management
				in line with CPCB regulations and
				state pollution control boards.
				All the waste is disposed through
				authorized vendors.
				The Company has taken steps for energy effciency initiatives across
				its manufacturing units. LEDs were
				installed to increase the energy effciency.
				The Company has also started
				monitoring the Scope 1,2 and 3 emissions from the fnancial
				year 2024-25, to understand the
				baseline emissions.
4	Data Privacy	Risk	Data Security is	ideaForge has established af	Negative –Any data
	and Security		most important for	strong Policy towards Information	privacy or security
			the business as any unauthorized data	security risk management, data protection and privacy.	issues can have regulatory fnes and
			access and misuse, can affect the company and its operations. This can also affect the data collected by the UAV which could be potentially sensitive in	These policies cover risk identifcation, assessment, and mitigation measures/ safeguards in place. The Data protection policy covers data access, sharing, protection	reputational damage. Positive –Better data security measures can help improve customer trust
			nature.	and procedures in place.

Annual Report 2024-25 139

Sr. No.	Material issues identifed	Indicate Risk/ Opportunity	Rationale for identifying the risk / opportunity	In case of risk, approach to adapt or mitigate	Financial implication of the risk or opportunity (Indicate positive/ negative implications)
5	Customer	Risk &	Customer satisfaction	The Company has mechanisms to	Negative –Decreased
	Satisfaction	Opportunity	and loyalty is an	receive and respond to customer	customer satisfaction
	and Retention		important factor for	complaints including, Customer	can have a reputational
			the business to be	Support Center (CSS) phone	damage
			successful and uphold brand position in the market. This can help grow	numbers and emails. All grievances are tracked and addressed. Apart from this the company also has feld teams to	Positive –Improved customer satisfaction measures can increase trust and brand loyalty
			the business as well as	provide support for any technical
			affect the reputation of	repairs and feedback. This
			the Company.	ensures the best of services to all
			This is also an	customers.
			opportunity for the
			company to showcase
			customer satisfaction
			from effective customer
			managementprocesses.
6	Community	Risk &	Impact from operations	The Company has a CSR team	Negative –No
	Relations	Opportunity	on the community.	and proactively complies to the	community
			Opportunity for job creation and economic development	requirements of CSR. For this fnancial year the company has taken up a variety of activities partnering with NGOs.	development can have a bad reputational damage for the Company.
				This helps in development of surrounding communities and improving their quality of life.	Positive –Improved Community Relations will create a positive brand image for the
					Company.

SECTION B: MANAGEMENT AND PROCESS DISCLOSURES

This section is aimed at helping business demonstrate the structures, policies and processes put in place towards adopting the NGRBC Principles and Core Elements.

S. No.	Principle Description	Reference of Policies /Procedure/Standard	Reference of Policies /Procedure/Standard
P1	Businesses should conduct and	•	Code of Conduct of Board and Senior Management
	govern themselves with integrity, and in a manner that is Ethical, Transparent and Accountable.	• • •	Code of Conduct to Regulate Monitor and Report Trading by Insiders Dividend Distribution Policy Nomination Remuneration
		•	Vigil Mechanism
		•	Risk Management
		•	Prevention of Sexual Harassment at Workplace
		•	Policy and procedure for inquiry in case of leak of unpublished price sensitive
			information or suspected leak of unpublished price sensitive information
		•	Plan for orderly succession for appointment of directors and senior management
		•	Familiarization programme for independent directors
		•	The diversity of board of directors
		•	Preservation of documents and archival of website disclosures
		•	Determination of material events and information
		•	Terms of Appointment of Independent director
		•	Anti-bribery policyand Anti-corruptionpolicy

140 ideaForge Technology Limited

Corporate Overview Statutory Reports Financial Statements

S. No.	Principle Description	Reference of Policies /Procedure/Standard	Reference of Policies /Procedure/Standard	Reference of Policies /Procedure/Standard	Reference of Policies /Procedure/Standard
P2	Businesses should provide goods	•	Product Stewardship Policy
	and services in a manner that is sustainable and safe	• •	Policy on Sustainable Supply Chain and Responsible Sourcing Business Continuity& Disaster Management
P3	Businesses should respect and	•	Vigil Mechanism
	promote the well-being of all employees, including those in their value chains	• •	Prevention of Sexual Harassment at Workplace Equal Opportunity Policy
		•	Diversity and Inclusion Policy
		•	Health and Safety Policy
		•	HR Policy
P4	Businesses should respect the	•	Corporate Social Responsibility
	interests of and be responsive to all its stakeholders	•	Stakeholder Engagement Policy
P5	Businesses should respect and	•	Vigil Mechanism
	promote human rights	•	Prevention of Sexual Harassment at Workplace
		•	Human Rights Policy
P6	Businesses should respect and	•	Policy on Sustainable Supply Chain and Responsible Sourcing
	make efforts to protect and restore the environment	• •	Business Continuity & Disaster Management ESG Policy
P7	Businesses, when engaging in infuencing public and regulatory policy, should do so in a manner that is responsible and transparent	• • •	Customer Care Policy Grievance Redressal Policy Stakeholder Engagement Policy
P8	Businesses should promote	•	ESG Policy
	inclusive growth and equitable development	•	Corporate Social Responsibility
P9	Businesses should engage with and	•	Customer Care Policy
	provide value to their consumers in a responsible manner	•	Grievance Redressal Policy
Disclosure Questions			P1 P2 P3	P4	P5		P6	P7	P8	P9
Policy and managementprocesses
1.	a. Whether your entity’s policy/policies Y Y Y			Y		Y	Y	Y	Y	Y
	cover each principle and its core
	elements of the NGRBCs. (Yes/No)
	b. Has the policy been approved by the Y Y Y			Y		Y	Y	Y	Y	Y
	Board? (Yes/No)
	c. Web Link of the Policies, if available			Web Link		to Policies
2.	Whether the entity has translated	the	Y Y Y	Y		Y	Y	Y	Y	Y
	policy intoprocedures. (Yes / No)
3.	Do the enlisted policies extend to	your Y Y Y		Y		Y	Y	Y	Y	Y
	value chainpartners? (Yes/No)
4.	Name of the national and international codes/ certifcations/ labels/ standards • The Company has in place: ISO 9100:2016, ISO9001:2015,					45001:2018;		ISO 9001:2015, ISO
	(e.g., Forest Stewardship Council, Fairtrade, Rainforest Alliance, Trustee)		• DGCA certifcations
	standards (e.g., SA 8000, OHSAS, ISO, BIS)
	mapped to eachprinciple.

Annual Report 2024-25 141

Disclosure Questions	Disclosure Questions	P1 P2 P3 P4 P5 P6 P7 P8 P9
5.	Specifc commitments, goals and targets set by the entity with defned timelines, if	As this is the second year of ESG implementation, the Company has started to track the baseline ESG KPIs across operations and take up goals for the
	any.	upcoming years.
		For this fnancial year the Company been tracking ESG KPIs such as
		greenhouse gas emissions, energy consumption, waste generation, water
		consumption, wastewater generation etc.
		The Company looks to align ESG initiatives with business objectives and
		developan effective ESG strategyin the coming years
6.	Performance of the entity against specifc	The Company is tracking key ESG KPIs across operations and will take up
	commitments, goals, and targets along	goals for the upcoming years.
	with reasons in case the same are not met.	The Company will take up performance against the specifc commitments,
		goals, and targets in the coming years.

Governance, leadership, and oversight

7. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements (listed entity has flexibility regarding the placement of this disclosure)

ideaForge continuous to make strides on its ESG journey. We have our commitment to the BRSR principles.

We look to balance ESG with financial growth and view sustainability as a key driver for business operations, and Value creation ensuring community engagement.

During the reporting period, we completed a few milestones including continuously monitoring ESG KPIs, such as Scope 1, 2, and 3 emissions, water consumption and waste generation. We have expanded Scope 3 to include more categories this year.

We continue to review our material risks and opportunities across ESG that specific to our business. We have continued our engagement with communities through CSR initiatives.

Looking forward, our focus will be to address key risks and opportunities such as supply chain resilience, resource efficiency and emission reduction keeping in mind stakeholder considerations on ESG.

Our approach is aligned with transparency, accountability, and value creation for all stakeholders.

8. Details of the highest authority The CEO is the ultimate authority for implementing and overseeing responsible for implementation and Business Responsibility & Sustainability Policies, with the guidance of the oversight of the Business Responsibility Board of Directors. policy/policies. 9. Does the entity have a specified No, at present there is no separate committee for decision making on Committee of the Board/ Director sustainability related issues of the Company. responsible for decision making on sustainability related issues? (Yes / No). If yes, provide details.

10. Details of Review of NGRBCs by the Company:

Subject for Review	Indicate whether review was undertaken by Director / Committee of the Board/Any other Committee Frequency (Annually/Half yearly/ Quarterly/ Any other– please specify)
	P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9 P 1 P 2 P 3 P 4 P 5 P 6 P 7 P 8 P 9
Performance against above policies and follow up action	As this is the second year of implementation for many policies, no performance review or follow up action has been carried outyet. Performance review and follow up actions will be carried out as required and detailed in the policies.
Compliance with statutory requirements of relevance to the principles, and rectifcation of any non-compliances	The company is in Compliance with all statutory requirements. Throughout the year

142 ideaForge Technology Limited

Statutory Reports Financial Statements

Corporate Overview

11. Has the entity carried out independent assessment/ evaluation of the working of its policies by an external agency? (Yes/No). If yes, provide the name of the agency.

P1 P2 P3 P4 P5 P6 P7 P8 P9

At present no independent assessment/ evaluation of the working of policies was carried out by any external agency. The Company will look to take this up in the coming years.

12. If answer to question (1) above is “No” i.e. not all Principles are covered by a policy, reasons to be stated:

Disclosure Questions	Disclosure Questions	P1 P2 P3 P4 P5	P6 P7 P8 P9
1.	The entity does not consider the principles material to its	All policies are in line with all	BRSR principles. The
	business (Yes/No)	company has taken active steps to ensure all policies
2.	The entity is not at a stage where it is in a position to formulate and implement thepolicies on specifedprinciples (Yes/No)	are created in line with BRSR and responsible business conduct. More details can be found in this link.
3.	The entity does not have the fnancial or/human and technical
	resources available for the task (Yes/No)

1. It is planned to be done in the next financial year (Yes/No)

2. Any other reason (please specify)

SECTION C: PRINCIPLE WISE PERFORMANCE DISCLOSURE

This section is aimed at helping entities demonstrate their performance in integrating the Principles and Core Elements with key processes and decisions. The information sought is categorized as “Essential” and “Leadership”. While the essential indicators are expected to be disclosed by every entity that is mandated to file this report, the leadership indicators may be voluntarily disclosed by entities who aspire to progress to a higher level in their quest to be socially, environmentally, and ethically responsible.

• I. Principle 1: Businesses should conduct and govern themselves with integrity, and in a manner that is Ethical, Transparent and Accountable

Essential Indicators

1. Percentage coverage by training and awareness programmes on any of the principles during the financial year:

	Total number of	Topics / principles covered	%age of persons in respective
Segment	training and awareness	under the training and its	category covered by the
	programmes held	impact	awarenessprogrammes
Board of Directors	1	Familiarization Programme for	100%
(BoD)		Board Members
Key Managerial	1	Code of Conduct and other policies	100%
Personnel (KMP)
Employees other	85	Effective Communication,	100%
than BoD and KMPs		Presentation Skills, Product Safety,
		Performance Management Programme, Process Certifcation,
		POSH, Experience Design,
		Managerial Effectiveness, Insider
		Trading Familiarization, Drone
		Regulations, GPS Fundamentals
Workers*	NA	NA	NA

(*) – The Company does not have any permanent workers.

Annual Report 2024-25 143

2. Details of fines / penalties /punishment/ award/ compounding fees/ settlement amount paid in proceedings (by the entity or by directors / KMPs) with regulators/ law enforcement agencies/judicial institutions, in the financial year, in the following format (Note: the entity shall make disclosures on the basis of materiality as specified in Regulation 30 of SEBI (Listing Obligations and Disclosure Obligations) Regulations, 2015 and as disclosed on the entity’s website): There are no fines or penalties paid with regulators/legal entities in this financial year.

3. Of the instances disclosed in Question 2 above, details of the Appeal/ Revision preferred in cases where monetary or non-monetary action has been appealed.

Case details	Name of the regulatory/ enforcement agencies/ judicial institution
DGCA vide Demand Notice dated September	On October 18, 2023, the Company had fled an appeal to the Ministry
20, 2023 has imposed a penalty of INR	of Civil Aviation (MoCA) against the order passed by DGCA imposing
1,00,000/- in exercise of the powers conferred	penalty of INR 1,00,000/-
under Rule 50 of the Drone Rules 2021. The
said penalty was imposed as in their view, the Company failed to comply with Rule 17 of the Drone Rules 2021.	The Company was given an opportunity to appear in person before the MoCA on 21.03.2024. The MoCA has passed the order on March 26, 2024 and reduced the penalty from INR 1,00,000/- to INR 10,000/-
	Based on this, the Company had deposited the penalty of
	INR 10,000/- on April 12, 2024 against the Demand Notice dated
	September 20, 2023, from DGCA and the same stands withdrawn.
	In this regard at present there are no cases where there is any monetary
	or non-monetaryaction that has been appealed.

4. Does the entity have an anti-corruption or anti-bribery policy? If yes, provide details in brief and if available, provide a web-link to the policy.

The Company has a Policy on anti-corruption and anti-bribery (ABAC). This Policy applies to All Directors, Employees and stakeholders.

The ABAC Policy defines corruption and bribery - and details a strong commitment with zero-tolerance to any Bribery, Facilitation Payments, Improper Use of Company Funds or Assets, Conflict of Interest, Gifts, Entertainment, and Hospitality and Political Contributions and consequence of the same.

All Protected Disclosures are addressed to the Vigilance Committee or to the Chairman of the Audit Committee. The committee members will carry out an investigation if needed . More details can be found in this link: Link

5. Number of Directors/KMPs/employees/workers against whom disciplinary action was taken by any law enforcement agency for the charges of bribery/corruption:

• There are no directors/KMP/employees against whom disciplinary actions was taken by any agency in view of bribery/corruption.

6. Details of complaints with regard to conflict of interest:

• There are complaints received in relation to issues of Conflict of Interest with respect to directors/KMP.

7. Provide details of any corrective action taken or underway on issues related to fines / penalties /action taken by regulators/ law enforcement agencies/ judicial institutions, on cases of corruption and conflicts of interest.

As there were no complaints received with respect to conflict of interest in the past 2 financial years, there has been no need for corrective action on matters pertaining to fines/penalty/activity taken by regulators/law enforcement agencies/judicial institutions.

144 ideaForge Technology Limited

Corporate Overview Statutory Reports Financial Statements

8. Number of days of accounts payables ((Accounts payable*365) / Cost of goods/services procured) in the following format:

Number of days of accounts payables ((Accounts payable*365) / Cost of format:	goods/services procured) in the following
	FY 2024-25 FY 2023-24
Number of days of accountspayables	26 days 51 days

9. Open-ness of business

Provide details of concentration of purchases and sales with trading houses, dealers, and related parties along-with loans and advances & investments, with related parties, in the following format:

Parameter	Metrics	FY 2024-25 FY 2023-24
Concentration of Purchases	a. Purchases from tradinghouses as % of totalpurchases 65% 72%
	b. Number of trading houses where purchases are made from 147 60
	c. Purchases from top 10 trading houses as % of total purchases from tradinghouses 83% 74%
Concentration of Sales	a. Sales to dealers / distributors as % of total sales 15% 16%
	b. Number of dealers / distributors to whom sales are made 4 24
	c. Sales to top 10 dealers / distributors as % of total sales to dealers / distributors 15% 16%
Share of Related Party Transactions in	a. Purchases (Purchases with related parties / Total Purchases) Nil Nil
	b. Sales (Sales to relatedparties / Total Sales) 3% 0.34%
	c. Loans & advances (Loans & advances given to related parties / Total loans & advances) Nil Nil
	d. Investments (Investments in related parties / Total Investments made) 30% Nil

Leadership Indicators

1. Awareness programmes conducted for value chain partners on any of the principles during the financial year:

Total number of awareness programmes held	Topics / principles covered under the training	%age of value chain partners covered (by value of business done with such partners) under the awarenessprogrammes
21	Supplier onboarding, ESG	10.90%

2. Does the entity have processes in place to avoid/ manage conflict of interests involving members of the Board? (Yes/ No) If yes, provide details of the same.

The Company has a Policy on anti-corruption and anti-bribery (ABAC). This Policy applies to All Directors, Employees and stakeholders.

The ABAC Policy defines corruption and bribery - and details a strong commitment with zero-tolerance to any Bribery, Facilitation Payments, Improper Use of Company Funds or Assets, Conflict of Interest, Gifts, Entertainment, and Hospitality and Political Contributions and consequence of the same.

Annual Report 2024-25 145

II. Principle 2: Businesses should provide goods and services in a manner that is Sustainable and Safe Essential Indicators

1. Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve the environmental and social impacts of product and processes to total R&D and capex investments made by the entity, respectively.

	FY 2024-25 FY 2023-24 Details of improvements in environmental and social impacts
R&D	25% 20% • Development of advanced Surveillance Payloads (incl Dual and SAR) for Forestry and Natural Habitat's Monitoring to protect Environment • 2D Mapping (Photogrammetic paloads) and 3D Mapping (Oblique, LiDAR and other higher resolution payloads) of Agricultural Land for Up-to-Date Land Records, Railway Track Mapping, Urban Planning & Property Tax Collection, Urban Traffc Management etc. • Development of Radiometric Thermal payloads for inspection purposes (ex - to identify objects in total darkness, or through dense smoke) • Development and Enhancements of Multispectral Payloads for Agriculture Plant Health Monitoring and Precision Agriculture • Development of drones for Public Safety (during elections & riots in the city, locate missing people/ suspects, bridge inspection etc.) • Development of advanced features such as 20% longer endurance (fight times), improved stability during night and adverse weather conditions (e.g, fogand rain).
Capex	10% 10% Necessary Infrastructure related investments (Jigs, Fixtures, Tackles, Test Rig, Laboratoryand facilityexpansion etc)

2. Does the entity have procedures in place for sustainable sourcing? (Yes/No) b. If yes, what percentage of inputs were sourced sustainably?

• Yes, ideaForge has a Policy on Sustainable Supply Chain and Responsible Sourcing. This Policy and procedures aims to integrate ESG across Suppliers. This would help strengthen the ESG practices across the supply chain.

ideaForge also conducts an internal annual audit of Suppliers across ESG aspects. The audit covers supplier health, policies, statutory license, fire safety etc At present we are not tracking the percentage of inputs were sourced sustainably and will look to track this in the coming years.

3. Describe the processes in place to safely reclaim your products for reusing, recycling and disposing at the end of life, for (a) Plastics (including packaging) (b) E-waste (c) Hazardous waste and (d) other waste.

• E-Waste - ideaForge has collaborated with a Producer Responsibility Organization to facilitate the collection and channelization of e-waste from end customers. Used products are directed to recycling or dismantling facilities through the establishment of dedicated collection centers. This process is carried out in partnership with registered recyclers to ensure proper collection and disposal of the waste.

• Plastic Waste, Hazardous and other waste – The Company does not have any process to safely reclaim and recycle these wastes at the end of life.

4. Whether Extended Producer Responsibility (EPR) is applicable to the entity’s activities (Yes / No). If yes, whether the waste collection plan is in line with the Extended Producer Responsibility (EPR) plan submitted to Pollution Control Boards? If not, provide steps taken to address the same.

• Yes, Extended Producer Responsibility (EPR) is applicable in the three categories i,e. plastic waste, battery waste and E-waste. ideaForge has registered as an EPR for Battery and E-wastes and the waste collection plan is in line with the EPR plan submitted to CPCB. ideaForge also registered in Plastic waste as an importer and brand owner category. The Company continuously monitors the disposal of plastic, battery and electronics waste. The facility continues to monitor the generation of plastic, battery and electronics waste and dispose of the same according to the Pollution Control Board (PCB) rules.

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Leadership Indicators

1. Has the entity conducted Life Cycle Perspective / Assessments (LCA) for any of its products (for manufacturing industry) or for its services (for service industry)?

• At present the Company has not carried out a Life Cycle Assessment for any of its products. ideaForge will look to take this up in the coming years.

2. If there are any significant social or environmental concerns and/or risks arising from production or disposal of your products / services, as identified in the Life Cycle Perspective / Assessments (LCA) or through any other means, briefly describe the same along-with action taken to mitigate the same.

• Not Applicable

3. Percentage of recycled or reused input material to total material (by value) used in production (for manufacturing industry) or providing services (for service industry).

• At present the Company does not use any recycled or reused input material in production and will review the scope and applicability in the coming years.

4. Of the products and packaging reclaimed at end of life of products, amount (in metric tonnes) reused, recycled, and safely disposed of.

• At present the Company does not reclaim any products at the end of life of products.

5. Reclaimed products and their packaging materials (as percentage of products sold) for each product category.

• At present the Company does not reclaim any products or packaging material for their products.

II. Principle 3: Businesses should respect and promote the well-being of all employees, including those in their value chains

Essential Indicators

1. a. Details of measures for the well-being of employees:

Category		% of employees covered by
	Total (A)	Health Insurance Accident Insurance Maternity Benefts Paternity Benefts Day Care Facilities
		Number (B) % (B/ A) Number (C) % (C/A) Number (D) % (D/A) Number (E) % (E/ A) Number (F) % (F/ A)
		Permanent Employees
Male	441	441 100% 441 100% - - 441 100% 441 100%
Female	72	72 100% 72 100% 72 100% - - 72 100%
Total	513	513 100% 513 100% 72 14% 441 86% 513 100%
		Other than Permanent Employees
Male	-	- - - - - - - - - -
Female	-	- - - - - - - - - -
Total	-	- - - - - - - - - -

Annual Report 2024-25 147

b. Details of measures for the well-being of workers:

Category		% of workers covered by
	Total (A)	Health Insurance Accident Insurance Maternity Benefts Paternity Benefts Day Care Facilities
		Number (B) % (B/ A) Number (C) % (C/A) Number (D) % (D/A) Number (E) % (E/ A) Number (F) % (F/ A)
		Permanent Workers
Male		The Company does not have permanent workers
Female
Total
		Other than Permanent Workers
Male	64	64 100% 64 100% - - 64 100% 64 100%
Female	18	18 100% 18 100% 18 100% - - 18 100%
Total	82	82 100% 82 100% 18 22% 64 78% 82 100%

• c. Spending on measures towards well-being of employees and workers (including permanent and other than permanent) in the following format –

permanent) in the following format –
	FY 2024-25 FY 2023-24
Cost incurred on well- being measures as a % of total revenue of the company	0.84% 0.83%

2. Details of retirement benefits.

Benefts	FY 2024-25 FY 2023-24
	No. of employees covered as a % of total employees No. of workers covered as a % of total workers Deducted and deposited with the authority (Y/N/N.A.) No. of employees covered as a % of total employees No. of workers covered as a % of total workers Deducted and deposited with the authority (Y/N/N.A.)
PF	100% - Y 100% - Y
Gratuity	100% - Y 100% - Y
ESI	100% - Y 100% - Y
Others	- - - - - -

3. Accessibility of workplaces: Are the premises / offices of the entity accessible to differently abled employees and workers, as per the requirements of the Rights of Persons with Disabilities Act, 2016? If not, whether any steps are being taken by the entity in this regard.

The number of differently abled employees and workers across ideaForge are very less. ideaForge will look to take steps towards making its manufacturing facilities and offices more accessible to differently abled employees and workers in the coming years.

4. Does the entity have an equal opportunity policy as per the Rights of Persons with Disabilities Act, 2016? If so, provide a web-link to the policy.

Yes. ideaForge is committed to upholding the principles of equal opportunity and inclusivity in our workplace. Our equal opportunity policy outlines our commitment to creating a supportive and accessible work environment for all employees. ideaForge is committed to providing equal opportunities without any discrimination on the grounds of age, color, disability, origin, nationality, religion, race, gender or sexual orientation. Our zero-tolerance stance extends to any form of verbal or physical harassment related to these aspects. Additionally, ideaForge is dedicated to creating a safe and diverse work environment for all employees. The equal opportunity policy can be found at this link.

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5. Return to work and Retention rates of permanent employees and workers that took parental leave:

Gender	Permanent employees Permanent workers
	Return to work rate Retention rate Return to work rate Retention rate
Male	100% 100% NA NA
Female	100% 100% NA NA
Total	100% 100% NA NA

6. Is there a mechanism available to receive and redress grievances for the following categories of employees and workers? If yes, give details of the mechanism in brief.

Permanent workers	Not Applicable
Other thanpermanent workers	Yes. ideaForge has established a Grievance Redressal Policy that provides a
	framework to ensure all Employees and Workers are treated equally. All complaints
Permanent employee	are dealt within appropriate time frame. The Policy provides the process to be for any employee/worker to raise a grievance and details of procedure for resolution.
	More details can be found at thislink.
Other thanpermanent employee	Not Applicable

7. Membership of employees and worker in association(s) or Unions recognized by the listed entity:

• At present ideaForge does not track the membership of employees and worker in association(s) or Unions.

8. Details of training given to employees and workers:

Category		FY 2024-25	FY 2023-24
	Total (A)	On Health and Safety Measures On Skill Upgradation Total (D) No. (B) % (B/A) No. (C) % (C/A)	On Health and Safety Measures On Skill Upgradation
			No. (E) % (E/D) No. (F) % (F/D)
		Permanent Employees
Male	441	441 100% 441 100% 354	354 100% 354 100%
Female	72	72 100% 72 100% 59	59 100% 59 100%
Total	513	513 100% 513 100% 413	413 100% 413 100%
		Permanent Workers
Male		The Company does not have any permanent workers.
Female
Total

9. Details of performance and career development reviews of employees and worker:

Category	FY 2024-25 Current Financial Year FY 2023-24 Previous Financial Year
	Total (A) No. (B) % (B/A) Total (C) No. (D) % (D/C)
Employees
Male	441 441 100% 354 354 100%
Female	72 72 100% 59 59 100%
Total	513 513 100% 413 413 100%
Permanent Workers
Male	N.A
Female
Total

Annual Report 2024-25 149

10. Health and safety management system:

• a. Whether an occupational health and safety management system has been implemented by the entity? (Yes/ No). If yes, what is the coverage of such a system?

Yes, The Company has established a comprehensive Occupational Health and Safety Management System, prioritizing workplace health and safety across its operations. This system encompasses the manufacturing unit and includes regular EHS communications, safety alerts, and awareness sessions on safety-related topics. Employees receive periodic training on fundamental fire safety, including evacuation drills. Additionally, the facility is equipped with a designated first-aider, trained in basic first aid, to handle medical emergencies effectively.

b. What are the processes used to identify work-related hazards and assess risks on a routine and non-routine basis by the entity?

• The Company follows a systematic approach towards Hazard Identification and Risk Assessment (HIRA) to identify work-related hazards that includes the following steps:

• Hazard Identification: To identify any hazards that exist in the manufacturing unit of the Company follows workplace inspections, and review of incident reports.

• Risk Assessment: The risks associated with each hazard is then assessed. This is done by evaluating the severity of potential harm or injury.

• Controls: Next, we look to develop and implement controls to minimize the risk. The Company identified engineering controls, administrative controls, or use Personal Protective Equipment (PPE) to mitigate the risks.

• Monitor: The Company looks to ensure continuous monitoring and improvement of occupational health and safety within its operations

• The Company has several safety tools to ensure a safe working environment for its employees. These tools include:

  • Safety Gemba, which involve regular inspections of the workplace to identify potential hazards and unsafe practices.

• Elimination of accepted unsafe practices, which targets practices that are commonly accepted but pose a risk to employees’ safety

• Reviewing each stage of a workstation to identify potential hazards and take corrective measures accordingly

• c. Whether you have processes for workers to report the work-related hazards and to remove themselves from such risks.

Yes.

The Company has created awareness for employees and workers to report work related hazards. Employees/Workers can also report to their respective function. Further, these teams will coordinate with the designated person to address the hazards to control the risk. Job specific trainings to the associates. The process of incident reporting and investigation has also been implemented.

Near Miss Reporting: - employees are encouraged to report hazards through physical report forms, or direct communication with supervisors /line leaders or the health and safety officer. All reports are taken seriously and reviewed promptly.

Workmen were identified and deployed at workplaces to identify hazards and report them for immediate corrective action.

Workmen representatives from each department were also part of the Safety Committee. Monthly Safety Committee meetings are conducted where workman’s representatives were participated to report the work and health related hazards/ concerns at the workplace and discuss the mitigation measures.

• d. Do the employees/ workers of the entity have access to non-occupational medical and healthcare services?

Employees and workers at our manufacturing facility have access to non-occupational medical and healthcare services, either through on-site medical provisions or partnerships with Saisnehadeep Hospital, a reputable hospitals near the facility. We conduct routine health checkups for employees and provide treatment for illnesses and injuries. Additionally, personnel receive training to handle medical emergencies on-site. All employees are also covered under a comprehensive medical insurance policy.

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11. Details of safety related incidents, in the following format:

Safety Incident/Number	Category	FY 2024-25 FY 2023-24
Lost Time Injury Frequency Rate (LTIFR) (per one million- person hours worked)	Employee	0 0
	Worker	0 0
Total recordable work-related injuries	Employee	0 0
	Worker	0 0
No. of fatalities	Employee	0 0
	Worker	0 0
High consequence work-related injury or ill-health (excluding fatalities)	Employee	0 0
	Worker	0 0

12. Describe the measures taken by the company to ensure a safe and healthy workplace.

The Company has implemented a comprehensive safety management system at its manufacturing facility, guided by a hierarchy of controls to effectively identify and mitigate workplace hazards. Before executing any task, potential risks are thoroughly assessed and controlled to acceptable levels, ensuring no activity proceeds until it is deemed safe.

Employees are encouraged to report unsafe conditions or incidents without fear of retaliation, fostering a transparent and proactive safety culture. All accidents are thoroughly investigated to prevent recurrence, and regular safety training is provided to employees with the knowledge to identify hazards, operate equipment safely, and apply preventive measures.

To further support workplace safety, a PPE (Personal Protective Equipment) Matrix is prominently displayed at workstations, outlining appropriate gear—such as gloves, helmets, masks, or goggles—required for specific tasks. PPE is provided as per jobspecific requirements.

The Company also conducts periodic mock drills to test emergency preparedness, identify response gaps, and implement improvements. Routine safety inspections and monthly Safety Committee meetings help monitor and address workplace hazards, ensuring continuous improvement of the Health & Safety system and maintaining a safe working environment.

13. Number of complaints on the following made by employees and workers:

Number of complaints on	the following made by employees and workers:
Category	FY 2024-25 FY 2023-24
	Filed during the year Pending resolution at the end ofyear Remarks Filed during the year Pending resolution at the end ofyear Remarks
WorkingConditions	The facility has not received any complaints on Health & Safety and Working Conditions for the past two fnancial years.
Health & Safety

14. Assessments for the year:

Assessments for the year:
Aspect	% Of your plants and offces that were assessed (by entity or statutory authorities or third
	parties)
Health and safety practices	At present the Company is conducting internal assessment for Health & Safety practices.
Working Conditions	The Company conducted an External Safety Audit in accordance with IS 14489, and Fire SafetyAudit addressed observations, and submitted the closure report.

15. Provide details of any corrective action taken or underway to address safety-related incidents (if any) and on significant risks / concerns arising from assessments of health & safety practices and working conditions.

ideaForge ensures that all safety-related incidents are thoroughly investigated and reviewed. Safety incident reports are shared across the facility to implement corrective actions and prevent recurrence of such incidents.

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Leadership Indicators

1. Does the entity extend any life insurance or any compensatory package in the event of death of (A) Employees (Y/N) (B) Workers (Y/N).

• Yes, the employees and workers are covered in the life insurance policy.

2. Provide the measures undertaken by the entity to ensure that statutory dues have been deducted and deposited by the value chain partners

• The finance team monitors and ensures dues are deducted and deposited by value chain partners.

3. Provide the number of employees / workers having suffered high consequence work related injury / ill-health / fatalities (as reported in Q11 of Essential Indicators above), who have been rehabilitated and placed in suitable employment or whose family members have been placed in suitable employment:

• In the financial year 2024-25, there are no employees or workers that have suffered high consequence work related injuries.

4. Does the entity provide transition assistance programs to facilitate continued employability and the management of career endings resulting from retirement or termination of employment? (Yes/ No)

• Yes, the Company provides transition assistance programs.

5. Details on assessment of value chain partners:

	% of value chain partners (by value of business
	done with suchpartners) that were assessed
Health and safety practices	10.90 %
WorkingConditions	10.90 %

Note: ideaForge conducts an internal annual audit of suppliers across EHS aspects. The audit covers supplier health, policies, statutory license, fire safety etc

6. Provide details of any corrective actions taken or underway to address significant risks / concerns arising from assessments of health and safety practices and working conditions of value chain partners.

• Some of the corrective actions from assessment of value chain partners include:

• 1) Safety mesh was provided and followed for ventilation fans.

• 2) Additional location and secondary containment area provided for resin and chemical area.

IV. Principle 4: Businesses should respect the interests of and be responsive to all its stakeholders

Essential Indicators

1. Describe the processes for identifying key stakeholder groups of the entity.

Stakeholders play an important role in our success. Stakeholder engagement helps the Company identify and understand stakeholder concerns and incorporate them in into decision making. The Company identifies key stakeholders through the following steps:

1. Understand Needs and Expectations

2. Identify Stakeholder Groups

3. Prioritize Stakeholder Groups

4. Engagement Plan for Stakeholder

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2. List stakeholder groups identified as key for your entity and the frequency of engagement with each stakeholder group:

Stakeholder Group	Whether identifed as Vulnerable & Marginalized Group (Yes/No)	Channels of communication (Email, SMS, Newspaper, Pamphlets, Advertisement, Community Meetings, Notice Board, Website), Other	Channels of communication (Email, SMS, Newspaper, Pamphlets, Advertisement, Community Meetings, Notice Board, Website), Other	Frequency of engagement (Annually/ Half yearly/ Quarterly / others – please specify)	Purpose and scope of engagement including key topics and concerns raised during such engagement
Government	No	•	Industry associations	Ongoing-throughout	Purpose and scope of
and regulatory authorities		• •	Corporate Presentations Written Communications	the year	engagement Compliance
		• • •	Email Website One-to-one meetings		Key topics raised during the engagement Compliance monitoring and reporting.
					Policies Business updates
NGOs	Yes	•	Email	Ongoing-throughout	Purpose and scope of
		•	Letters	the year	engagement
		•	Website		CSR initiatives
					Key topics raised during
					the engagement
					Identifcation of Target
					population Budget and
					spend CSR Activities
Employees	No	•	Team Meetings	Ongoing-throughout	Purpose and scope of
		•	Email Communication	the year	engagement
		•	Employee Survey		Employee Well being
		• • • •	Trainings Town Halls Annual Performance Reviews		Key topics raised during the engagement Strategy, Policies, and Procedures Compensation and Benefts Career
					development opportunities
					Training programs
Customers	No	•	Corporate website	Ongoing-throughout	Purpose and scope of
		•	Toll-free number	the year	engagement
		• •	Digital platforms Customer relationship		Review customer needs and expectations Customer feedback
		• •	managers Customer satisfaction surveys Media campaigns and advertising		Key topics raised during the engagement Product Specifcations & pricing Product delivery Product Feedback
		•	Knowledge seminars and
			events
Suppliers,	No	•	In-person Visits	Ongoing-throughout	Purpose and scope of
Vendors, Business Partners		• • • • • • •	Telephonic Supplier Onboarding Trainings Email Communication Online one-to-one meeting with the top management Channel partner meets Conferences and Forums	the year	engagement Quality of products provided by suppliers. Supplier’s delivery capabilities Key topics raised during the engagement Supplier’s QC process. Delivery timeframe
		•	Written communications

Annual Report 2024-25 153

Stakeholder Group	Whether identifed as Vulnerable & Marginalized Group (Yes/No)	Channels of communication (Email, SMS, Newspaper, Pamphlets, Advertisement, Community Meetings, Notice Board, Website), Other	Frequency of engagement (Annually/ Half yearly/ Quarterly / others – please specify)	Purpose and scope of engagement including key topics and concerns raised during such engagement
Investors &	No	• Annual General Meetings	Quarterly	Purpose and scope of
Shareholders		• Conferences		engagement
		• Investor meets, • Annual Reports • Investor Presentations		Any concerns and inquiries Company’s fnancial performance
		• Company announcements • Website • Media Releases		Corporate strategy and governance Key topics raised during the engagement
				Financial results
				Corporate strategyupdates

Leadership Indicators

1. Provide the processes for consultation between stakeholders and the Board on economic, environmental, and social topics or if consultation is delegated, how feedback from such consultations is provided to the Board.

• The Company has individual Function heads who communicate any issues on economic, environmental and social topics to respective Risk teams. This is further shared to the board for any discussions on regular basis.

2. Whether stakeholder consultation is used to support the identification and management of environmental, and social topics (Yes / No). If so, provide details of instances as to how the input received from stakeholders on these topics were incorporated into the policies and activities of the entity.

ideaForge engages continuously with stakeholder groups on various topics including environmental and social topics. At present no input has been incorporated into policies. The Company ensures all stakeholder inputs are shared to respective teams for further action.

3. Provide details of instances of engagement with, and actions taken to, address the concerns of vulnerable/ marginalized stakeholder groups.

ideaForge understands that social responsibility extends beyond basic operations. We recognize marginalized communities often face unique challenges hindering their access to education, environmental protection, and healthcare. Our CSR activities are meticulously formulated in close collaboration with trusted NGOs to address these concerns in the following ways:

1. Quality Education & Gender Equality

2. Identifying Communities: We work with NGOs specializing in identifying communities where educational infrastructure and economic circumstances often limit schooling opportunities.

Through the NGOs we support Sponsorship and Scholarships, Skill Development Initiatives and education girls.

1. Life on Land

We collaborate with NGOs focused on Animal welfare . We provided medicines for wounded animals

1. Health and Well-being

We provide infrastructure support to Tata Memorial Center, Financial Assistance for Paraplegic Rehabilitation Centre.

ideaForge believes in the power of measurable impact. We work with our NGO partners to establish key performance indicators for each CSR initiative.

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V. Principle 5: Businesses should respect and promote human rights

Essential Indicators

1. Employees and workers who have been provided training on human rights issues and policy(ies) of the entity, in the following format:

following format:
Category	FY 2024-25 FY 2023-24
	Total (A) No. of employees / workers covered (B) % (B/A) Total (C) No. of employees / workers covered (D) % (D/C)
Employees
Permanent	513 513 100% 413 413 100%
Other thanpermanent	- - - - - -
Total Employees	513 513 100% 413 413 100%
Workers
Permanent	- - - - - -
Other thanpermanent	82 82 100% 254 254 100%
Total Workers	82 82 100% 254 254 100%

2. Details of minimum wages paid to employees and workers, in the following format

Category		FY2024-25	FY2023-24
	Total (A)	Equal to Minimum Wage More than minimum Wage Total (D) No. (B) %(B/A) No.(C) %(C/A)	Equal to Minimum Wage More than minimum wage
			No.(E) %(E/D) No.(F) %(F/D)
		Employees
Permanent	513	- - 513 100% 413	- - 413 100%
Other than Permanent	-	- - - - -	- - - -
Total employees	513	- - 513 100% 413	- - 413 100%
		Workers
Permanent	-	- - - - -	- - - -
Other than permanent	82	- - 82 100% 254	- - 254 100%
Total workers	82	- - 82 100% 254	- - 254 100%

3. a. Details of remuneration/salary/wages, in the following format : Median remuneration / wages

Median remuneration / wages
Category	Male Female
	Number Median remuneration/ salary/ wages of respective category Number Median remuneration/ salary/ wages of respective category
Board of Directors (BoD)	7 10,90,500 1 15,00,000
KeyManagerial Personnel (KMP)	5 12,45,078 1 79,177
Employees other than BoD and KMP	508 84,485 67 72,610
Workers	- - - -

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b. Gross wages paid to females as % of total wages paid by the entity, in the following format:

	FY 2024-25 FY 2023-24
Gross wagespaid to females as % of total wages	9.48% 10.52%

4. Do you have a focal point (Individual/ Committee) responsible for addressing human rights impacts or issues caused or contributed to by the business? (Yes/No)

Yes. Any complaints related to human rights can be raised to the concerned Head of Department or the HR head. The Company has also developed a Policy on “Prevention of Sexual Harassment at Workplace”(POSH). Any grievance should be reported to immediate manager or advisors (from HR) who will talk to the harasser and informally resolve the problem. If an issue cannot be immediately resolved, the associate would promptly refer the matter or complaint in writing to HR, Executive Officer or Managing Director, who shall be responsible to investigate and resolve the alleged incident(s) of sexual harassment. Apart from this the company has a developed a Vigil Mechanism/ Whistle Blower Policy. This been formulated to provide a mechanism to employees and directors to report any grievances on suspected wrongful conducts or unethical behavior. Any grievances can be shared to the Vigilance Committee or Chairman of the Audit Committee..

5. Describe the internal mechanisms in place to redress grievances related to human rights issues.

The Company has procedures in place to address grievances related to human rights issues. Grievances can be reported to the concerned Head of Department or the HR head for resolution. Any grievance should be reported to immediate manager or advisors (from HR) who will talk to the harasser and informally resolve the problem. If an issue cannot be immediately resolved, the associate would promptly refer the matter or complaint in writing to HR, Executive Officer or Managing Director, who shall be responsible to investigate and resolve the alleged incident(s) of sexual harassment. The Internal compliance committee shall investigate every formal written complaint of and take appropriate remedial measures.

6. Number of Complaints on the following made by employees and workers:

Aspect	FY 2024-25 FY 2023-24
	Filed during theyear Pending resolution at the end ofyear Remarks Filed during theyear Pending resolution at the end ofyear Remarks
Sexual Harassment	There are no complaints fled by employees and workers related to human rights issues in the current and previous fnancial year.
Discrimination at workplace
Child Labour
Forced Labour/ InvoluntaryLabour
Wages
Other human rights related issues

7. Complaints filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, in the following format:

2013, in the following format:
	FY 2024-25 FY 2023-24
Total Complaints reported under Sexual Harassment on of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH) Complaints on POSH as a % of female employees / workers	There are no complaints fled under POSH in the current and previous fnancial year.
Complaints on POSH upheld

8. Mechanisms to prevent adverse consequences to the complainant in discrimination and harassment cases.

The Company has detailed policies and procedures on POSH and an employee code of conduct. All employees and workers are trained on these aspects. In any issues related to discrimination and harassment the company will maintain confidentiality of the persons involved.

9. Do human rights requirements form part of your business agreements and contracts? (Yes/No)

• No. At present we have not added human rights requirements as part of business agreements and contracts.

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10. Assessments of the year

Assessments of the year
Aspects	% of your plants and offces that were assessed (by entity or statutory authorities or thirdparties)
Child labor
Forced labor Sexual harassment	The Company has not carried out any assessments for these aspects in the fnancial year 2024-2025.
Discrimination at workplace

11. Provide details of any corrective actions taken or underway to address significant risks / concerns arising from the assessments at Question 10 above.

Not Applicable

Leadership Indicators

1. Details of a business process being modified / introduced as a result of addressing human rights grievances/ complaints.

• There has been no need for business process modification as there were no grievances/complaints.

We have established comprehensive policies to ensure effective resolution of human rights grievances and have implemented preventive measures. These include the Grievance Redressal Policy, which provides a fair and structured approach to addressing employee concerns; the Human Rights Policy, designed to promote employee well-being and maintain a secure working environment; the Whistle Blower Policy, which offers a confidential mechanism for reporting unethical practices or human rights violations; and the POSH Policy (Prevention of Sexual Harassment), which aims to prevent and address workplace harassment while fostering an inclusive and respectful culture. Collectively, these policies enhance our business processes to effectively address and resolve human rights grievances.

2. Details of the scope and coverage of any Human rights due diligence conducted

For the Financial Year 2024-25 there was no Human rights due diligence conducted.

3. Is the premise/office of the entity accessible to differently abled visitors, as per the requirements of the Rights of Persons with Disabilities Act, 2016?

Our premises are designed to accommodate visiting vendors and visitors on the ground floor for ease of access. While we currently do not have specific infrastructure in place for differently-abled visitors, however we are committed to ensuring arrangements as needed to ensure accessibility and convenience.

4. Details on assessment of value chain partners:

	% of value chain partners (by value of business done
	with suchpartners) that were assessed
Sexual Harassment	10.90%
Discrimination at workplace	10.90%
Child Labour	10.90%
Forced Labour/InvoluntaryLabour	10.90%
Wages	-

5. Provide details of any corrective actions taken or underway to address significant risks / concerns arising from the assessments at Question 4 above.

There were no major risks or concerns found from the assessment, hence no corrective action was required.

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VI. Principle 6: Businesses should respect and make efforts to protect and restore the environment Essential Indicators

1. Details of total energy consumption (in Joules or multiples) and energy intensity:

Parameter Unit	FY 2024-25 FY 2023-24
From renewable sources (ingigajoules)
Total electricityconsumption (A) GJ - -
Total fuel consumption (B) GJ - -
Energyconsumption through other sources(C) GJ - -
Total energy consumption from renewable sources (A+B+C) (GJ) GJ - -
From non - renewable sources (ingigajoules)
Total electricityconsumption(D) GJ	33,576 1,759
Total fuel consumption – DG Sets(E) GJ	118 2,781
Energy consumption through other sources – Diesel, Petrol & CNG from Companyowned vehicles(F) GJ	449.45 8,927
Total energy consumption from non - renewable sources(D+E+F) (GJ) GJ	34,143.93 13,467
Total energy consumption(A+B+C+D+E+F) (GJ) GJ	34,143.93 13,467
Energy intensity per rupee of turnover (Total energy consumption in GJ/ turnover in rupees in Crores) GJ/Cr (INR)	20.57 4.25
Energy intensity per rupee of turnover adjusted for Purchasing Power Parity (PPP) (Total energy consumed / Revenue from operations adjusted for PPP) GJ/Cr (INR) adjusted for PPP for India is taken as 20.66 for FY 25 & 22.4 for FY24 Source: IMF	0.99 0.19
Energyintensityin terms ofphysical output
Energy intensity (optional) – the relevant metric may be selected bythe entity

Note: For FY2024-25, we have included offices and manufacturing facilities in Navi Mumbai

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

There is no Independent Assessment done.

2. Does the entity have any sites / facilities identified as designated consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India? (Y/N) If yes, disclose whether targets set under the PAT scheme have been achieved. In case targets have not been achieved, provide the remedial action taken, if any.

ideaForge does not have any facilities that are designated consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India.

3. Provide details of the following disclosures related to water

Parameter Unit	FY 2024-25 FY 2023-24
Water withdrawal by source (in kilolitres)
(i) Surface water KL	- -
(ii) Groundwater KL	- -
(iii) Thirdpartywater KL	- -
(iv) Seawater / desalinated water KL	- -

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Parameter Unit	FY 2024-25 FY 2023-24
(v) Others KL	472 3,508
Total volume of water withdrawal (in kilolitres) (i + ii + iii + iv + v) KL	472 3,508
Total volume of water consumption (in kilolitres) KL	472 3,508
Water intensity per rupee of turnover (Water consumed / turnover) KL/Cr (INR)	0.28 1.11
Water intensity per rupee of turnover adjusted for Purchasing Power Parity (PPP) (Total water consumption / Revenue from operations adjusted for PPP) KL/Cr (INR) adjusted for PPP for India is taken as 20.66 for FY 25 & 22.4 for FY24 Source: IMF	0.01 0.05
Water intensity in terms ofphysical output	- -
Water intensity (optional)– the relevant metric may be selected by the entity

Note: The Company has installed water sensors at the manufacturing unit, that has led to reduction in overall water consumption

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

There is no Independent Assessment done.

4. Provide the following details related to water discharged:

Provide the following details related to water discharged:
Parameter Unit	FY 2024-25 FY 2023-24
Water discharge bydestination and level of treatment (in kilolitres)
(i) Surface water KL
No treatment KL
With treatment –please specifythe level of treatment KL
(ii) Ground water KL
No treatment KL
With treatment –please specifythe level of treatment KL
(iii) Sea water KL
No treatment KL
With treatment –please specifythe level of treatment KL
(iv) Sent to thirdparties KL
No treatment KL
With treatment –please specifythe level of treatment KL
(v) Others KL
No treatment KL	378 2,806
With treatment –please specifythe level of treatment KL
Total water discharged (in kilolitres) KL	378 2,806

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

There is no Independent Assessment done.

Annual Report 2024-25 159

5. Has the entity implemented a mechanism for Zero Liquid Discharge? If yes, provide details of its coverage and implementation.

The Company has not implemented any system of Zero Liquid Discharge.

6. Please provide details of air emissions (other than GHG emissions) by the entity, in the following format:

Parameter Unit	FY 2024-25 FY 2023-24
Nox tones/annum	0.0001 0.0002
Sox tones/annum	0.0001 0.0001
Particulate matter (PM 10) tones/annum	- -
Persistent organicpollutants (POP) tones/annum	- -
Volatile organic compounds (VOC) tones/annum	- -
Hazardous airpollutants (HAP) tones/annum	- -
Others – tones/annum	- -

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

There is no Independent Assessment done.

7. Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) & its intensity, in the following format:

Parameter Unit	FY2024-25 FY2023-24
Scope 1 Metric tons of CO2 equivalent	87.66 77.43
Scope 2 Metric tons of CO2 equivalent	6,780.58 346.9
Total Metric tons ofCO2 equivalent	6,868.24 424.33
Total Scope 1 and Scope 2 emissions per rupee of turnover tc02/(INR)	4.14 0.13
Total Scope 1 and Scope 2 emission intensity per rupee of turnover adjusted for Purchasing Power Parity (PPP) (Total Scope 1 and Scope 2 GHG emissions / Revenue from operations adjusted for PPP) tCO2/Cr (INR) adjusted for PPP for India is taken as 20.66 for FY 25 & 22.4 for FY24 Source: IMF	0.20 0.01
Total Scope 1 and Scope 2 emission intensity in terms ofphysical output
Total Scope 1 and Scope 2 emission intensity (optional) – the relevant metric may be selected by the entity

The Scope 1 and Scope 2 calculations are from the electricity and fuel usage i.e -Diesel for company owned vehicles and for Diesel Generators at facility in India. Futher, Scope 1 and 2 calculations are undertaken using guidelines and emissions factors prescribed by globally accepted frameworks and standards such as USEPA guideline, applicable guidelines of GHG Protocol. We have included additional locations in Navi, Mumbai for this year’s data calculations

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

There is no Independent Assessment done.

8. Does the entity have any project related to reducing Greenhouse Gas emission? If yes, then provide details.

• ideaForge is committed to reduce Green House Gas emissions in its manufacturing processes. The Company has undertaken a few projects to address greenhouse gas (GHG) emissions:

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• Implemented a time-based schedule for the operation of lights, fans, and air conditioning systems, aligned with shift timings—including tea breaks, lunch hours, and overall shift durations.

• Installed water level sensors that automatically cut off the water supply once the tank reaches full capacity, preventing overflow and conserving resources.

• Deployed individual energy meters on machines like dust collectors and air compressors to accurately monitor and manage energy consumption.

• Replaced fluorescent tube lights with energy-efficient LED lighting, resulting in significant electricity savings.

• Installed motion sensor-based LED tube lights in common areas, washrooms, and staircases, as well as motion sensoroperated water taps in all washrooms to enhance efficiency and reduce wastage.

• We use an automatic rivet pressing machine powered by pneumatic force rather than electricity during its strokes. This system relies on compressed air to deliver strong, consistent riveting, boosting efficiency while minimizing electrical energy usage

• Reduced non-essential electricity use by manually switching off electronic devices and equipment after working hours.

• Conducted regular maintenance checks to avoid voltage imbalances, motor failures, and equipment overexposure, ensuring optimal performance.

• Ensured that machinery and equipment are turned off when not in use during working hours to minimize unnecessary energy usage.

• We have installed tube light battens in the factory’s key areas, serving as standard lighting during normal operations. Each batten is fitted with an integrated rechargeable backup system that, while illuminating, continuously charges and can subsequently offer up to 4 hours of emergency lighting following a full 8-hour charge cycle. This strategic installation not only improves energy efficiency but also provides reliable, uninterrupted lighting in the event of a power outage

• Implemented routine facility walkthroughs by security staff after working hours to identify and switch off any equipment left running unnecessarily consumption.

9. Provide details related to waste management by the entity, in the following format:

Parameter	FY 2024-25 FY 2023-24
Total Wastegenerated (in metric tons)
Plastic waste(A)	0.046 0.026
E-waste(B)	0.3276 0.2027
Bio-medical waste(C)	- -
Construction and demolition waste(D)	- -
Batterywaste(E)	0.46 0.43
Radioactive waste(F)	- -
Other Hazardous waste. Please specify, if any.(G)	0.005 0.006
Other Non-hazardous wastegenerated(H)	1.92 1.18
Total (A+B + C + D + E + F + G + H)	2.76 1.85
Waste intensity per rupee of turnover (Total waste generated / Revenue from operations)	0.00 0.00
Waste intensity per rupee of turnover adjusted for Purchasing Power Parity (PPP) (Total wastegenerated / Revenue from operations adjusted for PPP)	- -
Waste intensity in terms ofphysical output
Waste intensity (optional) – the relevant metric may be selected by the entity

Annual Report 2024-25 161

For each category of waste generated, total waste recovered through recycling, re-using or other recovery operations (in metric tons)

operations (in metric tons)
Category	FY 2024-25 FY 2023-24
(i) Recycled	2.76 1.84
(ii) Re-used	- -
(iii) Other recoveryoperations	- -
Total	2.76 1.84
For each category of wastegenerated, total waste disposed by nature of disposal method (in metric tons)
Category of waste	FY 2024-25 FY 2023-24
(i) Incineration:	0.11 0.004
(ii) Landflling	0.004 0.002
(iii) Other disposal operations	- -
Total	0.11 0.006

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

There is no Independent Assessment done.

10. Briefly describe the waste management practices adopted in your establishments. Describe the strategy adopted by your company to reduce usage of hazardous and toxic chemicals in your products and processes and the practices adopted to manage such wastes.

ideaForge adhers to waste management by integrating the principles of the 3R. ideaForge adheres to waste management by ensuring regulated waste is stored and handled in a strict accordance with all the applicable regulatory requirements. All waste is segregated at its source before storage. There are different types of waste generated at the facility, i.e., hazardous waste, non-hazardous waste, and other waste. Measures are taken to ensure that they are identified, segregated, stored, and handled before disposal. The facility has a standard procedure for waste management and disposal. The different types of waste are being stored in different bins with proper identification and nomenclature. The waste bins are color-coded and labelled in red, yellow, blue, and green for their storage. Regulated wastes were stored and handled in strict accordance with all applicable regulatory requirements. The facility non-hazardous waste generated is send/sold to MPCB authorised vendor/recycler to ensure proper disposal of waste and for generated hazardous waste, it is sent to the Common Hazardous Waste Treatment, Storage, and Disposal Facility, i.e., CHWTSDF, for their disposal.

11. If the entity has operations/offices in/around ecologically sensitive areas (such as national parks, wildlife sanctuaries, biosphere reserves, wetlands, biodiversity hotspots, forests, coastal regulation zones etc.) where environmental approvals / clearances are required, please specify details:

• Not Applicable. The company does not have any offices or manufacturing facility in the vicinity of any ecologically sensitive area.

12. Details of environmental impact assessments of projects undertaken by the entity based on applicable laws, in the current financial year:

• NA. There are no projects in the financial year 2024-2025 that attract the provisions of the environmental impact assessment.

13. Is the entity compliant with the applicable environmental law/ regulations/ guidelines in India, such as the Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment protection act and rules thereunder (Y/N). If not, provide details of all such non-compliances, in the following format:

The Company is compliant with all applicable environmental laws/ regulations/ guidelines and there were no non-compliances.

Leadership Indicators

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1. Water withdrawal, consumption and discharge in areas of water stress (in kilolitres):

There is no withdrawal, consumption or discharge in areas of water stress.

For each facility / plant located in areas of water stress, provide the following information:

• (i) Name of the area: Not Applicable

• (ii) Nature of operations

• (iii) Water withdrawal, consumption, and discharge in the following format:

2. Please provide details of total Scope 3 emissions & its intensity, in the following format:

Parameter Unit	FY2024-2025 FY2023-2024
Total Scope 3 emissions (Break-up of the GHG into CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, if available) Metric tons of CO2 equivalent	6,916.00 5,139.34
Total Scope 3 emissions per rupee of turnover Metric tons of CO2 equivalent	- -
Total Scope 3 emission intensity (optional) – the relevant metric maybe selected bythe entity Metric tons of CO2 equivalent	- -

For the financial year 2024-2025 the Company has carried out Scope 3 assessment for the following categories - Category 1- Purchased Goods & Services, Category 2- Capital Goods, Category 3-Fuel and Energy-Related Activities, Category-4 Upstream Transportation & Distribution , Category 5-Waste generated from operations, Category 6-Business Travel, Category 7 – Employee Commuting, Category 8 -Upstream leased assets, , Category-9 Downstream Transportation & Distribution, Category 11-Use of Sold Products.

Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency.

There is no Independent Assessment done.

3. With respect to the ecologically sensitive areas reported at Question 11 of Essential Indicators above, provide details of significant direct & indirect impact of the entity on biodiversity in such areas along-with prevention and remediation activities.

Not Applicable

4. If the entity has undertaken any specific initiatives or used innovative technology or solutions to improve resource efficiency, or reduce impact due to emissions / effluent discharge / waste generated, please provide details of the same as well as outcome of such initiatives, as per the following format:

		Details of the
S.no	Initiative undertaken	initiative (Web-link, if any, may be provided	Outcome of the initiative
		along-with summary)
1	LED Lighting Implementation:	NA	Increased Energy effciency
	The Company has switched from normal fuorescent tube lights to Energy-effcient LED Light
	which has resulted in reduction in electricityconsumption
2	ideaForge has installed motion sensors lights in common	NA	Reduced Energy consumption
	passage and stairs case, this has resulted in reduction of
	electricityconsumption

5. Does the entity have a business continuity and disaster management plan? Give details in 100 words/ web link.

The Business Continuity plan has strategies to resume critical functions after disruptions. It involves all employees, contractors, and visitors, assigning roles to ensure coordinated efforts. The plan details a three-stage process: immediate response, restoration, and resumption, with flexibility for backup facilities or remote work. The Emergency Response Team and BCP Task Force manage decision-making and communication. Recovery procedures, supplier responsibilities, and communication protocols are specified. Regular testing validates the plan's effectiveness, ensuring ideaForge can maintain operations and service standards during any crisis.

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6. Disclose any significant adverse impact to the environment, arising from the value chain of the entity. What mitigation or adaptation measures have been taken by the entity in this regard?

• The Company has started to assess the value chain on ESG topics. At present there are no adverse or significant impacts identified.

7. Percentage of value chain partners (by value of business done with such partners) that were assessed for environmental impacts.

• 10.90% of value chain partners were assessed for environmental impacts. ideaForge conducts an internal annual audit of suppliers across EHS aspects. The audit covers supplier health, policies, statutory license, fire safety etc

VII. Principle 7 Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent

Essential Indicators

1. a. Number of affiliations with trade and industry chambers/ associations.

  - ideaForge is affiliated with 4 National, 1 International, Trade and Industry Chambers.

• b. List the top 10 trade and industry chambers/ associations (determined based on the total members of such a body) the entity is a member of/ affiliated to.

body)	the entity is a member of/ affliated to.
Sl.	Name of the trade and industry chambers/	Reach of trade and industry chambers/
No.	associations	associations (State/National)
1	Federation of Indian Chambers of Commerce and	National
	Industry(FICCI)
2	Societyof Indian Defence Manufacturers (SIDM)	National
3	National Association of Software and Service	National
	Companies (NASSCOM)
4	Association for Uncrewed Vehicle Systems International	International
	(AUVSI)
5	Drone Federation of India (DFI)	National

2. Provide details of corrective action taken or underway on any issues related to anti-competitive conduct by the entity, based on adverse orders from regulatory authorities.

There are no corrective action taken or underway on any issues based on adverse orders from regulatory authorities with respect to anti-competitive conduct in the financial year 2024-2025.

Leadership Indicators

1. Details of public policy positions advocated by the entity:

At present there are no public policy positions advocated by the Company.

VIII. Principle 8 Businesses should promote inclusive growth and equitable development

Essential Indicators

1. Details of Social Impact Assessments (SIA) of projects undertaken by the entity based on applicable laws, in the current financial year.

• There are no Projects in the financial year 2023-24 that attracts the requirements of Social Impact Assessment.

2. Provide information on project(s) for which ongoing Rehabilitation and Resettlement (R&R) is being undertaken by your entity, in the following format:

• There are no projects in the financial year 2023-24 that attracts the requirements of Rehabilitation and Resettlement.

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3. Describe the mechanisms to receive and redress grievances of the community.

At ideaForge we have a Grievance Redressal Policy which details grievance redressal mechanism for all stakeholders. Various Stakeholders including members of communities can raise grievances through email csr@ideaforgetech.com.

We have also formed an internal CSR Team that actively engages with the NGOs in various communities. We have a dedicated individual managing CSR grievance and ensuring compliance. The company maintains open communication and engagement with the local communities to address any grievances. Some of the NGOs we work with include: Nanhi Kali, YODA centre, Paraplegic Rehab Center etc.

4. Percentage of input material (inputs to total inputs by value) sourced from suppliers:

	FY 2024-25 FY 2023-24
Directlysourced from MSMEs/ smallproducers	54.21% 36.89%
Sourced directlyfrom within the district and neighboringdistricts	66.99% 64.02%

5. Job creation in smaller towns – Disclose wages paid to persons employed (including employees or workers employed on a permanent or non-permanent / on contract basis) in the following locations, as % of total wage cost

Location	FY 2024-25 FY 2023-24
Rural	- -
Semi-urban	- -
Urban	- -
Metropolitan	100% 100%

Leadership Indicators

1. Provide details of actions taken to mitigate any negative social impacts identified in the Social Impact Assessments (Reference: Question 1 of Essential Indicators above):

• For the financial year 2024-25 there were no projects that required a Social Impact Assessment.

2. Provide the following information on CSR projects undertaken by your entity in designated aspirational districts as identified by government bodies:

At present we do not track the details of Aspirational districts for our CSR activities.

3. (a) Do you have a preferential procurement policy where you give preference to purchase from suppliers comprising marginalized /vulnerable groups? (Yes/No)

  - Ideaforge has a Policy towards Sustainable Supply Chain & Responsible Sourcing. This policy ensures there is no discrimination during procurement from suppliers. At present there is no purchase from suppliers comprising marginalized /vulnerable groups.

• (b) From which marginalized /vulnerable groups do you procure?

At present there is no purchase from suppliers comprising marginalized /vulnerable groups.

• (c) What percentage of total procurement (by value) does it constitute?

At present there is no purchase from suppliers comprising marginalized /vulnerable groups.

4. Details of the benefits derived and shared from the intellectual properties owned or acquired by your entity (in the current financial year), based on traditional knowledge:

• There are no intellectual properties owned or acquired by ideaForge that were based on traditional knowledge.

Annual Report 2024-25 165

5. Details of corrective actions taken or underway, based on any adverse order in intellectual property related disputes wherein usage of traditional knowledge is involved.

Not Applicable.

6. Details of beneficiaries of CSR Projects:

S. No.	CSR Project	No. of persons beneftted from CSR Projects	% of benefciaries from vulnerable and marginalizedgroup
1	Quality Education & Gender Equality-	200	-
	Project Nanhi Kali, is a project runed by Nanhi Kali where in we
	support education of 200girls
2	Quality Education	70	-
	National Apprenticeship Promotion Scheme (NAPS) Ministry of
	Skill Development and Entrepreneurship. Goverment Of India.
3	Health & Well Being	300	-
	Purchase of furniture and Air Conditioners for Computer
	Operator Programming Assistant (COPA) and Computer
	Hardware Networking Maintaince (CHNM) class room and
	workshop.
4	Health & Well Being 1 Endoscopic CO2 Regulation Unit/ CO2 Insuffator is provided	Not Tracked	-
	by ideaForge which is used for minimal invasive surgery to
	enlarge and stabilise body cavities to provide better visibility of
	the surgical area byinsulfatingCo2gas
5	Life on Land	Not Tracked	-
	Youth Organization in defence of Animals. We provided
	medicines for wounded animals
6	Quality Education	200	-
	Purchase of Desktops & Hardware materials for ITI School Thane
7	Health & Well Being	300	-
	Financial Assistance for Paraplegic Rehabilitation Centre, Kirkee,
	Pune

Note: At present we do not track the % of beneficiaries from vulnerable and marginalized group and will look to track this in the coming years.

IX. Principle 9 Businesses should engage with and provide value to their consumers in a responsible manner

Essential Indicators

1. Describe the mechanisms in place to receive and respond to consumer complaints and feedback.

ideaForge is primarily a Business to business Company in the sector of UAV manufacturing.

The mechanisms to receive and respond to customer complaints include:

Customers can log calls on the Support Center(CSS) at phone number 7778884719 or email css@ideaforgetech.com. The CSS team registers all complaints on Orchestly (Software platoform) to systematically track and address the reported issues. Key Account Managers are strategically assigned to specific verticals and projects to handle customer complaints and inquiries with precision. For any immediate product repair services, there are four service centers located in Leh, Dibrugarh, Karanpur, and Mumbai. Additionally, service engineers are stationed in key locations, including Mumbai, Bangalore, Jaipur, Lucknow, Dibrugarh, Chandigarh, Shimla, Bhopal, Kolkata, Delhi, Leh, and Thiruvananthapuram.

Apart from these 2 vehicles are exclusively allocated for service and repairs under the ’Service on Wheels’ program, ensuring a convenient door-to-door service experience for customers.

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2. Turnover of products and/ services as a percentage of turnover from all products / service that carry information about:

about:
	As apercentage to total turnover
Environmental and socialparameters relevant to theproduct	NA
Safe and responsible usage	NA
Recyclingand/or Safe Disposal	NA

Note: ideaForge is primarily in the business of UAV manufacturing. For products, the battery components carry information on safe disposal of used batteries.

3. Number of consumer complaints in respect of the following:

	FY 2024-25 FY 2023-24
	Received during the year Pending resolution at end ofyear Remarks Received during the year Pending resolution at end ofyear Remarks
Dataprivacy	0 0 NA 0 0 NA
Advertising	0 0 NA 0 0 NA
Cyber-security	0 0 NA 0 0 NA
Deliveryof essential services	0 0 NA 0 0 NA
Restrictive Trade Practices	0 0 NA 0 0 NA
Unfair Trade Practices	0 0 NA 0 0 NA
Others	0 0 NA 0 0 NA

There have been no consumer complaints received in the above categories for the financial year 2023-2024 and 2024-2025.

4. Details of instances of product recalls on account of safety issues:

Aspect	Number	Reason for Recall
Voluntaryrecall /Mock recall	0	NA
Forced recall	0	NA

Note: There have been no product recalls in the Financial Year 2024-2025.

5. Does the entity have a framework/ policy on cyber security and risks related to data privacy? (Yes/No) If available, provide a web-link of the policy.

• Yes, ideaForge has internal policies and processes for Cyber Security, Data Protection and Privacy. More details are provided below:

Information Security Risk Management Policy

Through this Policy, the company covers risks and threats that may arise from IT systems. The Policy has a well-defined Risk management framework and process to identify, assess, respond and monitor these risks. The processes ensure necessary controls are in place and are monitored periodically.

Data Protection & Privacy Policy

In line with the ISO/IEC 27001:2022, the policy covers detailed information for Privacy and protection of personal Information. The Policy covers principles of good data governance for all employees, business partners and consultants. All employees are provided with necessary training for Information systems management. This policy covers data protection of sensitive information, compliance with regulations, and protecting customer data.

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6. Provide details of any corrective actions taken or underway on issues relating to advertising, and delivery of essential services; cyber security and data privacy of customers; re-occurrence of instances of product recalls; penalty / action taken by regulatory authorities on safety of products / services.

• In the financial year 2024-25, there are no issues with respect to advertising, cyber security and data privacy of customers, hence there are no corrective actions. ideaForge continuously looks to improve its systems and monitors for any risks and threats.

7. Provide the following information relating to data breaches:

• a. Number of instances of data breaches

• b. Percentage of data breaches involving personally identifiable information of customers

• c. Impact, if any, of the data breaches

There have been no incidents of data breaches have taken place in the financial year 2024-2025.

Leadership Indicators

1. Channels / platforms where information on products and services of the entity can be accessed (provide web link, if available).

• Details of the products and services can be found in this link. https://ideaforgetech.com/

2. Steps taken to inform and educate consumers about safe and responsible usage of products and/or services.

• The Company conducts sessions for customers on safe and responsible usage of products.

3. Mechanisms in place to inform consumers of any risk of disruption/discontinuation of essential services.

• There are no essential services provided by ideaForge.

4. Does the entity display product information on the product over and above what is mandated as per local laws? (Yes/No/Not Applicable) If yes, provide details in brief. Did your entity carry out any survey with regard to consumer satisfaction relating to the major products / services of the entity, significant locations of operation of the entity or the entity as a whole? (Yes/No)

• The Company provides product information as required by local laws. The Company collects feedback from customers on a regular basis.

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