Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform that the Board in its meeting held today had considered and approved the Acquisition of Inertia Aluminium private ....
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Springform Technology Ltd's board, meeting on 14 July 2025, approved the acquisition of 100% equity shares of Inertia Aluminium Private Limited for a cash consideration of ₹1,00,000 (One Lakh only), making it a Wholly Owned Subsidiary. Inertia Aluminium is a Delhi-based company incorporated in October 2022, engaged in manufacturing and trading of aluminium plates, sheets, coils, and foils, with a turnover of around ₹0.53 crore in FY24. The acquisition is a related party transaction, as the promoter/promoter group holds shares in the target company, and is expected to complete within 30 days. The objective is to align with Springform's existing business and extract high value-added aluminium products. The board also approved setting up a new corporate office in New Delhi and shifting the books-of-accounts location there.
The deal size is very small (just ₹1 lakh for 100% stake in a sub-₹1 crore turnover company), so the financial impact on Springform Technology is likely negligible in the near term. However, as a related party transaction, retail investors should watch for governance concerns and any future capital infusion into the new subsidiary to scale up aluminium operations.