Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today, i.e. ....
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Springform Technology Limited reported FY2026 standalone results showing zero revenue from operations with only Rs 36.15 lakh in other income, resulting in a net loss of Rs 27.47 lakh. However, consolidated results tell a different story - total income jumped to Rs 14,066.61 lakh from Rs 14.22 lakh last year due to the acquisition of Inertia Aluminium Private Limited (effective July 16, 2025), turning the company profitable with net profit of Rs 124.10 lakh versus a loss of Rs 100.52 lakh previously. The Board also approved a proposal to change the company name to Inertia Alu Tech Limited or Inertia Alu Roll Limited, subject to regulatory approvals. Both standalone and consolidated financials received an unmodified (clean) audit opinion from Ajay K. Kapoor & Company.
The acquisition has transformed the company's financials from loss-making to profitable at consolidated level, but standalone operations remain loss-making with negative reserves of Rs 34.60 lakh. The name change reflects the company's pivot towards the acquired aluminium business. Shareholders should note the significant improvement in consolidated EPS to Rs 4.63 and the cash burn concerns shown by negative operating cash flows.