Ideaforge Technology Limited's Board of Directors, in a meeting held on June 03, 2026, approved the raising of funds up to ₹5,000 million (₹500 crore). The funds can be raised through various instruments including equity shares, preference shares, convertible or non-convertible debentures with warrants, or other equity-based securities. This can be done in one or more tranches, via preferential allotment, private placement, qualified institutions placement, or any other permissible method, subject to necessary approvals. The Board also approved alterations to the Articles of Association, pending shareholder approval via postal ballot. A notice for the postal ballot will be issued to seek shareholder approval for the fund-raising. A Fund-Raising Committee has been constituted to decide the terms and conditions of the proposed fundraise. The meeting commenced at 8:00 PM and concluded at 9:00 PM.
