IDEAFORGE2023-04-012023-06-30 IDEAFORGE2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member IDEAFORGE2023-06-30 IDEAFORGE2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543932 IDEAFORGE NA Ideaforge Technology Limited Equity 2023-04-01 2024-03-31 2023-08-08 2023-08-01 INR Millions First quarter 18:45:00 20:05:00 2023-08-08 2023-08-08 Not applicable Single segment Operating Segment 2023-04-01 2023-06-30 Unaudited Consolidated 970720000.00 35390000.00 1006110000.00 133330000.00 0.00 298180000.00 154330000.00 23070000.00 46590000.00 99950000.00 755450000.00 250660000.00 0.00 250660000.00 70190000.00 -8150000.00 62040000.00 0.00 188620000.00 0.00 0.00 0.00 0.00 188620000.00 -2270000.00 186350000.00 0.00 0.00 380990000.00 10 4.86 4.69 0.00 0.00 4.86 4.69 Notes: 1. The unaudited consolidated financial results of the Company and its subsidiary (collectively referred to as the Group ) includes the following: Name of the entity Relationship ideaForge Technology Limited Holding company ideaForge Technology Inc Wholly owned subsidiary (w.e.f. 6 September, 2022) 2. The above unaudited consolidated financial results of ideaForge Technology Limited ( the Parent Company / the Company ) and its subsidiary (the Company and its subsidiary together referred to as the Group ) have been prepared in accordance with and comply in all material aspects with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act 2013 ( the Act ) read with relevant rules issued there under and in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations), as amended. 3. The above unaudited consolidated financial results have been reviewed and recommended by the Audit Committee at its meeting held on 8 August, 2023. The Board of Directors at its meeting held on 8 August, 2023 have approved the above results and taken them on record. 4. The statutory auditors of the Company have expressed an unqualified opinion on the unaudited consolidated financial results for the quarter ended 30 June, 2023. 5. Financial results of ideaForge Technology Limited (Standalone information): (INR in million) Particulars Quarter ended 30 June 2023 Quarter ended 31 March 2023 Quarter ended 30 June 2022 Year ended 31 March 2023 Total income * 1,006.11 428.68 1,003.41 1,964.02 Profit / (Loss) before tax for the period / year 250.66 (4.82) 530.89 407.95 Profit / (Loss) after tax for the period / year 188.62 (54.22) 412.46 319.88 * includes Revenue from operations and Other income 6. During the quarter ended 30 June, 2023, the Company has granted NIL new stock to eligible employees under the Employee Stock Option Scheme (ESOS). Further, during the quarter ended 30 June, 2023, the Company has allotted 6,71,446 equity shares upon exercise of stock grants under the Employee Stock Option Scheme. 7. Susbsequent to the quarter ended 30 June, 2023, the Parent Company has completed its initial public offer ( IPO ) of 84,41,764 equity shares of face value of INR 10 each at an issue price of INR 672 per share (including share premium of INR 662 per share) consisting of a fresh issue of 35,72,052 equity shares aggregating to INR 2,400 million and an offer for sale of 48,69,712 equity shares aggregating to INR 3,272.45 million. The equity shares of the Parent Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) w.e.f. 7 July, 2023. Accordingly, the above Statement of unaudited consolidated financial results for the quarter ended 30 June, 2023 are drawn up for the first time in accordance with the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015, as amended. 8. The Group is engaged in the business of manufacture and marketing of Unmanned aerial vehicle (UAV) systems which are used for security and surveillance, which in the context of Indian Accounting Standard (Ind AS) 108 - Operating Segment , is considered as the single operating segment of the Group. 9. The figures for the quarter ended 31 March, 2023 and for the quarter ended 30 June, 2022, as reported in these unaudited consolidated financial results have been approved by the Parent Company's Board of Directors, but have not been subjected to review as the requirement of submission of quarterly consolidated financial results is applicable on listing of equity shares of the Parent Company, which is, from the quarter ended 30 June, 2023. Other Expenses 99950000.00 Remeasurement of gains / (losses) on defined benefit plans -3040000.00 -3040000.00 -770000.00 0.00