The ideaForge share pledge disclosure filed with BSE on October 5, 2026, shows that promoter, CEO and Whole-time Director 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.

The newly pledged shares represent 0.56% of ideaForge Technology Limited’s total share capital, according to Annexure I of the filing. Following the transaction, Mehta’s total encumbered holding stood at 6,50,370 shares, or 1.30% of total share capital.

Mehta’s covering letter is dated October 2, 2026, and is addressed to both BSE and the National Stock Exchange of India. It discloses the creation of the pledge under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Mehta’s holding and encumbrance details

Annexure I sets out Mehta’s shareholding alongside the encumbrance position before and after the September 28 event:

  • Total shareholding: 36,86,964 equity shares, representing 7.42% of the company’s share capital.
  • Previously encumbered shares: 3,70,370, representing 0.74% of total share capital.
  • Additional pledge: 2,80,000 shares, representing 0.56% of total share capital.
  • Post-event encumbered shares: 6,50,370, representing 1.30% of total share capital.

The filing classifies the transaction as the creation of a pledge, rather than a release or invocation of an existing encumbrance. It identifies Infina Finance Private Limited as the entity in whose favour the additional shares were encumbered.

Purpose and disclosure particulars

The stated purpose of the pledge is personal financial requirements. The supplied disclosure does not specify a borrowing amount, interest rate, tenure or monetary value for the pledged shares.

Annexure II separately lists 2,80,000 encumbered shares and reports 2.23% under its promoter-shareholding percentage column. The supplied text does not explain the basis of that percentage; it should be distinguished from Annexure I’s percentages of total company share capital.

ideaForge is listed on BSE under scrip code 543932 and on NSE under the symbol IDEAFORGE. The BSE headline identifies the submission as a disclosure under Regulations 31(1) and 31(2) of the takeover regulations.