SPRINGFORM TECHNOLOGY LIMITED

Generates revenue primarily through its wholly-owned subsidiary, Inertia Aluminium Private Limited, which was acquired on 16 July 2025 and is now consolidated. The subsidiary deals in aluminium products, as indicated by the company's proposed name change to 'Inertia Alu Tech Limited' or 'Inertia Alu Roll Limited'. On a consolidated basis, FY26 total income reached Rs. 14,066.61 lakhs, with the bulk of that revenue coming from the Inertia Aluminium business — the standalone parent continues to report zero revenue from operations and only token other income. The economic character of the business is that of a trading or distribution model, with materials accounting for 92.8% of revenue and EBITDA margin at 3.7%. The transformation was accompanied by a large equity infusion (1,00,50,000 shares allotted at Rs. 10 each, raising Rs. 10.05 crore) and a sharp rise in consolidated borrowings to Rs. 7,291.64 lakhs at the half-year mark. The registered office was shifted from Mumbai to New Delhi in November 2025 as part of the corporate restructuring.