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's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. On a standalone basis, the company reported near-zero revenue from operations with only Rs 36.15 lakh in other income, resulting in a net loss of Rs 27.47 lakh for FY26. However, on a consolidated basis (including subsidiary Inertia Aluminium Private Limited acquired in July 2025), total income surged to Rs 14,066.61 lakh with net profit of Rs 124.10 lakh, compared to a loss of Rs 100.52 lakh in FY25. The Board also proposed changing the company name to 'Inertia Alu Tech Limited' or 'Inertia Alu Roll Limited', subject to shareholder and regulatory approvals. The auditor issued an unmodified opinion on both standalone and consolidated financials.
The acquisition of Inertia Aluminium has transformed the company from a near-dormant entity into an operating business. The proposed name change reflects the new business focus. High debt levels (consolidated borrowings of Rs 6,786 lakh) and negative reserves on standalone basis are concerns, but consolidated profitability is positive for shareholders.