Springform Technology Limited’s Board of Directors approved a name change to Inertia Alu Tech Limited during its meeting on August 25, 2026. The resolution requires approval from the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, and shareholders.

The board also sanctioned material related party transactions with Inertia Aluminium Private Limited, a wholly owned subsidiary. These transactions are expected to cross applicable materiality thresholds under SEBI Listing Regulations. Additionally, the company authorized granting or availing loans and inter-corporate deposits with the subsidiary for business requirements.

Meeting Outcomes

The session, held at the company’s registered office in New Delhi from 4:00 pm to 5:00 pm, covered several key agenda items beyond the name change. The board approved alterations to the Memorandum of Association and Articles of Association consequent to the proposed name change.

Annual General Meeting

The board decided to convene the Annual General Meeting on Friday, September 18, 2026, at 12:30 pm. The meeting will be held through Video Conferencing or Other Audio-Visual Means at the registered office in New Delhi.

Shareholders holding shares as of the cut-off date, Friday, September 11, 2026, will be eligible to vote via remote e-voting or at the AGM. The board appointed Ritika Wasson & Co., Company Secretaries, as the scrutinizer for the voting process. The draft notice for the AGM has been approved for issuance to shareholders.

Paramjeet Singh Chhabra, Managing Director, signed the intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Springform Technology Limited reported a significant contraction in profitability for the quarter ended June 30, 2026, with consolidated net profit turning negative. The company posted a consolidated net loss of ₹1.89 lakh, a sharp reversal from the ₹66.81 lakh profit recorded in the corresponding quarter of FY26. On a standalone basis, the company also reported a net loss of ₹5.71 lakh, down from a profit of ₹2.04 lakh in the previous quarter.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 14, 2026, following a review by the Audit Committee. The results were filed with the stock exchanges pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Consolidated revenue from operations declined significantly during the period. Total income fell to ₹3,176.42 lakh in Q1FY27, compared to ₹4,642.34 lakh in Q1FY26. This represents a substantial drop in topline activity compared to the prior year period.

On a standalone basis, revenue from operations was ₹19.70 lakh, down from ₹30.90 lakh in the preceding quarter ended March 31, 2026. No comparable standalone revenue figure was disclosed for the quarter ended June 30, 2025.

What the Numbers Show

The divergence between consolidated and standalone performance highlights the group's reliance on its subsidiaries for scale. While the standalone entity operates at a micro-scale with revenue of just ₹19.70 lakh, the consolidated group generated over ₹3,176 lakh. However, the sharp decline in consolidated revenue alongside the turn to a net loss suggests margin pressure or increased operational costs relative to income generation in the current quarter compared to the prior year.

Balance Sheet Position

As of March 31, 2026, the company’s equity share capital stood at ₹1,010.00 lakh. Reserves excluding revaluation reserves were reported at ₹118.87 lakh on a consolidated basis, up slightly from ₹116.98 lakh in the previous quarter. On a standalone basis, reserves showed a deficit of (₹40.31 lakh), widening from (₹34.60 lakh) in the prior quarter.

Basic earnings per share (EPS) on a consolidated basis were ₹0.02, compared to a loss of ₹0.38 per share in Q1FY26. Standalone basic EPS was (₹0.06).