Springform Technology Ltd

Dematerialisation/rematerialisation certificate

• Certificate under Regulation 74(5) submitted by the RTA for the reporting period.

Springform Technology Limited: Trading Window shall remain closed from 1st October 2026 till 48 hours after the declaration and publication of Un- audited Financial Results of the Company for the Quarter ending 30th September 2026.

AGM Details

• AGM held via VC/OAVM on 18 September 2026 at 12:30 PM.
• Cut-off date for voting entitlement: 11 September 2026.

Resolutions & Outcomes

• Adoption of Audited Standalone Financial Statements approved by majority.
• Re-appointment of director approved by majority.
• Change of name to Inertia Alu Tech Limited approved (subject to government approval).
• Material related party transaction with Inertia Aluminium Private Limited approved.
• Approval to grant or obtain loans and inter-corporate deposits approved.

Change details

• Name changed from Springform Technology Limited to Inertia Alu Tech Limited.
• AGM on 18 September 2026 approved the change by special resolution.
• Clause I of the MOA and AoA amended to reflect the new name.
• Registrar of Companies approved the name change.
• Implementation underway with regulators and departments; branding alignment; no operational impact stated.

AGM Details

• AGM held on 18 September 2026 at 12:30 PM via VC/OAVM.
• Remote e-voting from 15 to 17 September 2026; voting at AGM for uncast votes.
• Scrutiniser appointed: Ritika Wasson & Co.
• Meeting concluded at 01:15 PM (IST).

Key Resolutions

• Adoption of Audited Standalone Financial Statements (Ordinary) via e-voting.
• Re-appointment of a Director (Ordinary) via e-voting.
• Change of company name to Inertia Alu Tech Limited (Special) via e-voting; CG approval required.
• Approval of Material Related Party Transaction with Inertia Aluminium Private Limited (Ordinary) via e-voting.
• Consent to grant/avail loans and inter corporate deposits (Ordinary) via e-voting.

Voting Status

• Voting results pending; to be declared with Scrutinizer’s Report within two working days.

FY2026 highlights

• Consolidated revenue from operations: ₹14,018.54 Lakhs.
• Total income: ₹14,066.62 Lakhs.
• Net profit: ₹124.10 Lakhs; EPS: ₹4.63.
• Dividend not declared for FY2025-26.
• First year of consolidation post Inertia acquisition.

Structure and operations

• Acquired Inertia Aluminium on 16 July 2025; Inertia is wholly owned.
• Rajpura plant: 7 acres; capacity 2,400 TPM; two lines installed.
• FY2026 production: 6,582 tonnes; 22.85% of installed capacity.
• 85:15 revenue split: in-house cast coils vs CRM-based sheets.

Capital structure & funding

• ₹10.05 crore equity infusion via preferential issue; 1,00,50,000 shares issued.
• Post-issue share capital: ₹1010 Lakhs; promoter holding ~74.71%.
• Share allotment completed by 27 December 2025.
• Registrar change: Skyline replaced as RTA in May 2026.

Governance & leadership

• Promoter group took control; Paramjeet Singh Chhabra named MD from May 12, 2025.
• Mr. Sanjay Kumar Garg and Mr. Rajiv Malik appointed as Independent Directors.
• Notice to change company name to Inertia Alu Tech Limited under Special Resolution.
• Board met 9 times in FY2025-26; Audit Committee met 7 times.

Related party transactions

• Inertia Aluminium Private Limited is a Related Party; RPTs up to ₹100 crore.
• RPT terms include availing/ rendering services and financial assistance at 14% interest.
• Audit Committee and Board approved RPTs; omnibus approval valid till next AGM.

Risks and outlook

• Raw material price volatility; aluminium scrap is ~90% of costs.
• Scrap availability is a near-term constraint; growth hinges on supply.
• Regulatory tailwinds: EPR, GST, scrap ecosystem expansion support recycled aluminium.

Operations and ESG

• Inertia's environmental impact: ~42,443 passenger cars worth CO2 avoided.
• Energy conserved about 60,861 units; water conserved ~1,559 (units).

Name change subject to approvals

• Board approved changing company name to Inertia Alu Tech, subject to ROC/CRC/MCA approvals and shareholder consent.

Related party transactions

• Approval of material related party transactions with Inertia Aluminium Private Limited, subject to shareholder approval.

Loans and financial assistance

• Approval to grant and/or avail loans, inter-corporate deposits, and other financial assistance.

AGM and voting arrangements

• AGM scheduled for 18 September 2026 at 12:30 PM via VC/OAVM.
• Cut-off date for remote e-voting fixed at 11 September 2026.
• Ritika Wasson & Co. appointed Scrutinizer for E-voting and AGM.

Meeting Details

• Date: 25 August 2026; Time: 4:00 PM; Venue: Registered Office, 2/70, Block-2, Kirti Nagar, New Delhi.

Key Agenda Items

• Change in the name of the company and MOA/AOA amendments.

Other Notes