Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform that the Board Meeting of the Company held today considered and approved Un- audited Standalone and Financial ....
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The Board of Directors of Springform Technology Ltd met on November 14, 2025 and approved the un-audited financial results for Q2 FY26 (quarter and half-year ended September 30, 2025). On a standalone basis, the company continues to have zero revenue from operations, incurred a net loss of Rs 15.90 lakhs in the quarter, and its reserves remain deeply negative at Rs -28.03 lakhs. On a consolidated basis, however, the picture has completely changed: revenue from operations jumped to Rs 4,390.92 lakhs (from nil a year ago) and net profit turned positive at Rs 98.89 lakhs (against a loss of Rs 73.98 lakhs earlier). The transformation is driven by the 100% acquisition of Inertia Aluminium Private Limited, completed on July 16, 2025, whose results are now consolidated. Total consolidated assets ballooned to Rs 8,195.46 lakhs from just Rs 9.98 lakhs at March-end, with significant goodwill of Rs 112.79 lakhs and total borrowings of about Rs 7,291 lakhs added to the books.
The Inertia Aluminium acquisition has effectively changed the company's identity from a dormant loss-making entity to a consolidated profit-making aluminium business, which should be seen as a major positive catalyst. However, the standalone entity remains weak with negative reserves and no operating revenue, and the consolidated balance sheet now carries a very high debt load relative to equity, which is a key risk for shareholders to monitor.