Frontier Springs Limited Completes Bonus Share Allotment in 2:1 Ratio

Frontier Springs Limited has completed the allotment of bonus equity shares in a 2:1 ratio, marking a significant corporate action that will enhance shareholder value. The company informed stock exchanges about the successful completion of this bonus issue on March 16, 2026. Bonus Share Allotment Details The Allotment Committee of the Board of Directors, in its meeting held on Monday, March 16, 2026, approved the allotment of 78,77,022 bonus equity shares. The allotment follows a 2:1 ratio structure, where eligible shareholders receive 2 new fully paid-up equity shares of face value Rs. 10 each for every 1 existing fully paid-up equity share held. The bonus shares were allotted to eligible equity shareholders whose names appeared in the Register of Members or Register of Beneficial Owners as on Friday, March 13, 2026, which was the record date fixed for this purpose. The committee meeting commenced at 8:30 a.m. and concluded at 9:00 a.m. Impact on Share Capital Structure The bonus share allotment has resulted in a substantial increase in the company's paid-up equity share capital. The following table illustrates the transformation: Particulars: No. of Equity Shares Amount in Rs. Pre-issue paid-up capital: 39,38,511 3,93,85,110.00 Post-issue paid-up capital: 1,18,15,533 11,81,55,330.00 This represents an increase of 78,77,022 equity shares, effectively tripling the total number of outstanding shares and the corresponding paid-up capital. Trading and Rights of New Shares The newly allotted bonus equity shares will be made available for trading from Tuesday, March 17, 2026. These bonus shares carry the same rights and privileges as the existing equity shares, ranking pari-passu in all respects with the fully paid-up equity shares of the company that existed on the record date. Regulatory Compliance Frontier Springs Limited communicated this development to both BSE Limited and The Calcutta Stock Exchange Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This intimation continues the company's series of communications regarding the bonus issue, following earlier intimations dated January 22, 2026, February 10, 2026, and March 05, 2026. The bonus share allotment represents a significant milestone for Frontier Springs Limited, providing enhanced liquidity and making shares more accessible to a broader investor base while maintaining the proportional ownership structure for existing shareholders. Frontier Springs Limited has successfully concluded its postal ballot process with all four proposed resolutions receiving overwhelming shareholder support. The company announced the results on March 05, 2026, following the completion of remote e-voting that ended on March 04, 2026. Voting Results Overview The postal ballot achieved significant participation with comprehensive shareholder support across all categories: Parameter: Details Total Shareholders on Record: 13386 Total Votes Polled: 2036098 Voting Percentage: 51.70% Overall Approval Rate: 99.99% Cut-off Date: January 23, 2026 Resolution-wise Breakdown All four resolutions were passed with exceptional margins, demonstrating strong shareholder confidence: Resolution 1: Articles of Association Amendment The special resolution for alteration in Articles of Association received unanimous support: Category: Votes in Favour Votes Against Approval Rate Promoter Group: 1855390 0 100.00% Public Non-Institutions: 180702 6 99.99% Total: 2036092 6 99.99% Resolution 2: Cancellation of Forfeited Shares The ordinary resolution for cancellation of 49400 forfeited equity shares achieved identical voting results with 2036092 votes in favour and only 6 votes against. Resolution 3: Authorized Share Capital Increase Shareholders approved the increase in authorized share capital and consequent amendment to the Memorandum of Association with the same overwhelming majority of 99.99%. Resolution 4: Bonus Share Issuance The bonus share issuance resolution received 2036093 votes in favour against 5 votes opposing, achieving 99.99% approval. Voting Process and Compliance The postal ballot was conducted in strict compliance with regulatory requirements: Remote E-voting Period: February 03, 2026 (9:00 AM) to March 04, 2026 (5:00 PM) Scrutinizer: S.K. Gupta, Practicing Company Secretary (F.C.S -2589) Platform: Central Depository Services (India) Limited (CDSL) Regulatory Compliance: SEBI LODR Regulations and Companies Act, 2013 Shareholder Participation Analysis The voting demonstrated strong engagement across shareholder categories: Shareholder Category: Shares Held Votes Polled Participation Rate Promoter and Promoter Group: 2038565 1855390 91.01% Public Non-Institutions: 1899946 180708 9.51% Public Institutions: 0 0 0.00% Corporate Governance Measures The company ensured transparent communication throughout the process. Notice dispatch was completed by February 02, 2026, with a corrigendum issued on February 10, 2026, regarding revision in the bonus issue record date from March 06, 2026 to March 13, 2026. All documentation was made available on the company website at www.frontiersprings.co.in and relevant stock exchange platforms. Implementation Timeline With all resolutions successfully passed, the company can now proceed with implementing the approved corporate actions. The resolutions are deemed approved as of March 04, 2026, being the last date of remote e-voting. The bonus share record date has been set for March 13, 2026, as per the corrigendum issued during the voting period. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. 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