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:

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:

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:

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:

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.