Slide 1: Exchange filing cover letter
www.ideaforgetech.com April 30, 2026 To, To, BSE Limited The National Stock Exchange of India Phiroze Jeejeebhoy Towers, Dalal Street, Limited “Exchange Plaza”, Bandra – Kurla Fort, Mumbai – 400 001. Complex, Bandra (EAST), Mumbai – 400 051 BSE Scrip Code: 543932 NSE SYMBOL: IDEAFORGE Sub: Investor/
Slide 2: Investor Presentation Q4 FY26
Investor Presentation Q4 FY26 April 2026 www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of ideaForge Technology Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation o
Slide 4: CEO's Comments
CEO’s Comments Ankit Mehta FY26 has been a turnaround year for ideaForge, and Q4 has started to crystallize what we set out to build. CEO & The continued momentum helped us to book our largest quantum of orders worth ~INR 5,300 Mn for the financial year. Whole-time This is a testament to the deepeni
Slide 5: Key Highlights – Strong Order Booking & Execution, User Trust, & Industry Tailwinds
Key Highlights – Strong Order Booking & Execution, User Trust, & Industry Tailwinds • Added ~INR 5.3 Bn to the order book in FY26 (highest in our ~two-decade journey) • Completed targeted execution of 40% of open orders in Q4 FY26 with improved gross margin and positive EBITDA for FY26 • Opening Ord
Slide 6: Built Different, Engineered for Real-World Missions
Built Different, Engineered for Real-World Missions 19+ Years of Performance, Reliability, Autonomy and Resilience Capability Developed NETRA UAV with a Secured India’s largest Mini-VTOL Launched next-gen UAVs: NETRA 5 & Government of India entity contract at the time, valued at ~$30M+ SWITCH V2 • U
Slide 7: ideaForge At A Glance - Persistent Over Watch
ideaForge At A Glance - Persistent Over Watch 1st 1st 1st #3 Built with Grit To indigenously develop Company to fly drones Indian UAV firm to have Ranked Globally in dual- VTOL & Fixed-Wing VTOL near both poles and at multiple platforms with use drones category1 Hybrid UAVs high altitude of NATO Sto
Slide 8: Business & Operational Highlights Q4 FY26
Business & Operational Highlights Q4 FY26 www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 9: Q4 FY26 Business Updates
Q4 FY26 Business Updates Expansion into combat capabilities (Loitering Munition, Signed a Strategic MoU with Kamikaze) through in-house Received Inaugural Order in the Digital Media Professionals Inc. development and partnership US from Lamar Police (DMP) for edge-AI capability and approach Departme
Slide 10: Q4 FY26 Technology & Product
Quadcopters & SWITCH Resilient Navigation & Communication - Production readiness for Q6 V3 and - Multi-UAV flight capability prototype Switch V2 EW for deliveries demonstration to end user - Development of new variants for - Technology improvements for customer trials advanced GNSS spoofing detectio
Slide 11: Platform capabilities demonstrations
Take-off & Landing from Operations in EW Environment Seaborne 3D Mapping (Moving) (FLYGHTPlatform CLOUD) Grenade Dropping Swarming – Multi-UAV Flight ZOLT Ready for Flight Air-Launched Effects www.ideaforgetech.com AI-based Wagon Load Detection 3D Mapping in FLYGHT CLOUD ideaForge Strictly Private &
Slide 12: Financial Highlights Q4 & FY26
Financial Highlights Q4 & FY26 www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 13: Q4 FY26 Key Performance Metrics
Q4 FY26 Key Performance Metrics All values in INR Mn Revenue from Operations Gross Profit & Gross Profit % EBITDA & EBITDA % 1,410.4 -85.7% -75.8% 52.6% 35.9% 23.7% 67.6% 741.6 954.1 315.4 203.1 72.8 74.7 -174.1 -239.1 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 GM is dep
Slide 14: FY26 Key Performance Metrics
FY26 Key Performance Metrics All values in INR Mn Revenue from Operations Gross Margin & Gross Margin % EBITDA & EBITDA % FY26 Revenue Mix 2,261.3 33.0% 58.0% -19.6% 12.0% Civil 1,311.6 31% 1,612.2 271.2 531.8 Defence 69% -315.3 FY25 FY26 FY25 FY26 FY25 FY26 Past Period Current Period www.ideaforget
Slide 15: FY26 Consolidated Profit & Loss Statement
FY26 Consolidated Profit & Loss Statement All values in INR Mn Profit & Loss Statement Q4 FY26 Q4 FY25 Q3 FY26 FY26 FY25 Revenue From Operations 1,410.4 203.1 315.4 2,261.3 1,612.2 Cost Of Materials Consumed 511.0 180.1 236.9 1,069.1 981.9 Purchases of Stock-in-Trade -0.4 - - -9.3 - Changes In Inven
Slide 16: FY26 Consolidated Balance Sheet
FY26 Consolidated Balance Sheet All values in INR Mn Particulars Mar-26 Mar-25 Particulars Mar-26 Mar-25 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity (a) Property, Plant And Equipment 319 276 Equity Share Capital 433 431 (b) Right Of Use Assets 118 172 Instruments Entirely Equity In Natur
Slide 17: FY26 Consolidated Cash Flow Statement
FY26 Consolidated Cash Flow Statement All values in INR Mn Particulars Mar-26 Mar-25 Cash Flows From Operating Activities Profit/(Loss) Before Tax -199 -624 Adjustment For Non-Operating Items 298 150 Operating Profit Before Working Capital Changes 99 -492 Changes In Working Capital -737 -266 Cash Ge
Slide 18: Key Management Team
Key Management Team Ankit Mehta Rahul Singh Ashish Bhat Vipul Joshi Chief Executive Officer VP - Engineering VP – R&D Chief Financial Officer • Promoter of the Company • Promoter of the Company • Promoter of the Company • Promoter of the Company • Associated with the Company • Associated with the Co
Slide 19: Board of Directors
Board of Directors Srikanth Velamakanni Mathew Cyriac Chairman & Independent Director Non-Executive Nominee Director Associated with Fractal Analytics as co-founder Previously associated with Blackstone Advisors Sutapa Banerjee Ankit Mehta Independent Director CEO and Whole time Director Previously
Slide 20: About ideaForge
About ideaForge www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 21: Designed, built and tested in India to be operated anywhere in the world
Designed, built and tested in India to be operated anywhere in the world -22°F (-30 °C) No compromise Siachen Glacier on performance 19,685 ft+ (6,000 m+) Adapted to India’s AMSL diverse terrain and climate More than 750,000 Missions Completed Fully qualified UAVs to 131°F (55 °C) ensure survival in
Slide 22: ideaForge's Forte: Dual-Use Drone Platforms
ideaForge’s Forte: Dual-Use Drone Platforms Class/ Category Characteristics MTOW Range Endurance Class Characteristics (kg) (km) (hrs) >100 kg | >500 km | >48 hrs ideaForge Portfolio (Dual-Use Platforms)* HAPS YETI (TRL 6) Q6V2 Class Characteristics >600 kg | >500 km | >24 hrs Max Altitude AGL (m) C
Slide 23: Strong Product Portfolio
Strong Product Portfolio Civil Dual Use Defence Q4i Q6 V2 NETRA 5 NETRA V4 PRO SWITCH SWITCH V2 Product Small category DGCA Small category DGCS ideaForge newest UAV Rugged & versatile VTOL fixed-wing UAV Upgraded fixed wing TC VTOL & most TC UAV. Quadcopter combines smart quadcopter built for for se
Slide 24: Enabling Customer Missions By Diverse Range Of Payloads
Enabling Customer Missions By Diverse Range Of Payloads ideaForge Payloads Payloads Enabled by ideaForge Partners Dual Payload Daylight Synthetic Aperture MARSS Hesai XT-32 MARSS Livox Avia Hyperspectral (EO/IR) Payload Radar (SAR) (LiDAR) (LiDAR) Payload Altum-PT Thermal Mapping Megaphone Drop Payl
Slide 25: ZOLT
Urban Law Enforcement Enhances visibility in complex urban spaces ISR in Combat Real-time intel support for tactical missions Infrastructure Security Monitor and secure critical infrastructure points ZOLT Disaster Response Rapid aerial aid in crisis Border Security Persistent surveillance Next Gener
Slide 26: YETI
YETI Game Changer Logistics UAV Platform www.ideaforgetech.com ideaForge Strictly Private & Confidential Images are for representation purposes only
Slide 27: ideaForge Drones Driving Customer Outcomes
ideaForge Drones Driving Customer Outcomes Day Surveillance Night Surveillance Target Tracking Asset Protection Crowd Management Railway Track Mapping IED Detection Situational Awareness Emergency Response Automated Challans Disaster Response Tower Inspection Change Monitoring Inspection & Maintenan
Slide 28: Driving Indigenization While Ensuring Security
Driving Indigenization While Ensuring Security 106 Airframe Motor & Propellor Battery Global Patents: 10 Patents: 07 Patents: Patents 04 Autopilot Command & Control Radio & Data Transmission High Range Centers (third-party) H/w S/w Patents: 03 Communication systems BlueFire Live! Video Stream & H/w
Slide 29: Driving Indigenization While Ensuring Security
Driving Indigenization While Ensuring Security Life Cycle Support to COO* of ideaForge Systems Designed Developed Manufactured include upgrades Subsystems Autopilot Radio & Data Transmission Payloads (EO/IR) GNSS Denied Navigation Operating Software 50%+ workforce in Technology & Product Development
Slide 30: Driven By Innovation & Indigenization DNA
Driven By Innovation & Indigenization DNA Started making UAVs in 2004 - No ecosystem or readymade off-the-shelf components and software available UAVs built around the philosophy of Performance, Reliability & Autonomy – Critical to have end-to-end control of the hardware and software Autopilot Commu
Slide 31: Building The Future Ecosystem For Drones
Building The Future Ecosystem For Drones Betting on Indian Technology www.ideaforgetech.com ideaForge Strictly Private & Confidential Images are for representation purposes only
Slide 32: Thank you
Script Code- BSE: 543932 NSE: IDEAFORGE Thank you Company: ideaForge Technology Limited Investor Relations: MUFG Intime India Private Limited Name: Nilesh Jaywant, Company Secretary Name: Parth Patel/ Vidhi Vasa Email: Parth.Patel@in.mpms.mufg.com / Email: compliance@ideaforgetech.com Vidhi.Vasa@in.