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 reported nil revenue from operations for Q1 FY26, compared to Rs 9.00 lakhs in Q1 FY25 — a complete drop in sales. The mattress maker continues to post losses, with a net loss of Rs 5.00 lakhs this quarter versus Rs 14.93 lakhs in the year-ago quarter. Total expenses stood at Rs 6.68 lakhs (mainly employee costs of Rs 4.37 lakhs and other expenses of Rs 2.31 lakhs), leaving a pre-tax loss of Rs 6.68 lakhs. Basic and diluted EPS came in at negative Rs 10.00 per share, and reserves remain in the red at minus Rs 12.13 lakhs. The auditor (Ajay K. Kapoor & Co.) issued an unmodified limited review report with no qualifications.
This is a small, struggling company with no revenue, persistent losses, and negative reserves — shareholders should treat this as a high-risk, micro-cap situation. The lack of top-line activity despite contained costs means the business is essentially in survival mode, with no near-term catalyst visible from these numbers.