The ideaForge share pledge disclosure posted on BSE on October 5, 2026, showed that promoter Ankit Mehta created a pledge over 2,80,000 equity shares on September 28, 2026. The shares were pledged in favour of Infina Finance Private Limited for personal financial requirements, according to the filing.

Mehta, identified in the disclosure as promoter, CEO and Whole-time Director of ideaForge Technology Limited, submitted a covering declaration dated October 2, 2026. The declaration was addressed to BSE and the National Stock Exchange of India.

The newly pledged shares represent 0.56% of the company's total share capital, as stated in Annexure I. The disclosure classifies the transaction as the creation of a pledge, rather than a release or invocation of an existing encumbrance.

Mehta's encumbered holding rises to 6,50,370 shares

Annexure I lists Mehta's holding at 36,86,964 shares, representing 7.42% of ideaForge's total share capital. Before this transaction, 3,70,370 of his shares were already encumbered.

Following the additional pledge, his total encumbered holding stood at 6,50,370 shares, or 1.30% of the company's total share capital, according to the same annexure.

Encumbrance position Shares Percentage of total share capital
Previously encumbered 3,70,370 0.74%
New pledge 2,80,000 0.56%
After the transaction 6,50,370 1.30%

The stated purpose is personal financial requirements. The supplied disclosure does not specify a borrowing amount or describe the pledge as funding for the company's operations.

Annexures show differing percentage information

Annexure II separately lists 2,80,000 encumbered shares and describes these as 2.23% of promoter shareholding. That percentage does not reconcile with the stated holding of 36,86,964 shares. The supplied filing provides no explanation for this discrepancy.

Annexure II also marks “No” against whether the encumbered shares reach 50% of promoter shareholding or 20% of total share capital. It records details of existing encumbrance events or agreements as “Not applicable”, while Annexure I identifies previously encumbered shares.

The disclosure was submitted under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ideaForge is identified by BSE scrip code 543932 and NSE symbol IDEAFORGE.