Frontier Springs re-appoints M/s. J. Chandra & Co. as internal auditor for FY27

Frontier Springs Limited has re-appointed M/s. J. Chandra & Co. as its internal auditor for the financial year 2026-27. The Board of Directors approved the re-appointment at its meeting held on May 28, 2026, based on the recommendations of the Audit Committee. The firm will serve for the term effective from April 1, 2026.

M/s. J. Chandra & Co. is a partnership firm based in Kanpur with over four decades of experience. The firm specializes in auditing, accounting, taxation, and allied services, including bank audits and statutory audits for corporate and non-corporate entities. It currently employs three full-time partners, three qualified assistants, and four staff members.

The disclosure confirms that the internal auditor is not related to any of the directors of the company. The intimation was submitted to the BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Re-appointment

S. No.	Particulars	Details
1	Reason for change	Re-appointment of M/s. J. Chandra & Co. as Internal Auditor
2	Date of re-appointment & term	Effective from April 1, 2026 for FY27
3	Brief profile	Partnership firm based in Kanpur, engaged in Auditing, Accounting, Taxation and other allied works
4	Relationship with directors	Not related to any of the Directors of the Company

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.70%	-9.94%	+6.16%	-0.87%	-0.87%	-0.87%

Frontier Springs has appointed Sushil Kumar Luthra as an Additional Director designated as a Non-Executive Independent Director effective May 28, 2026. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. This strategic move strengthens the company's governance structure with the induction of a seasoned professional.

The Board has further approved the appointment of Shri Sushil Kumar Luthra as an Independent Director for a term of five years effective from May 28, 2026. This appointment is subject to the approval of the shareholders of the company, in accordance with regulatory requirements. The company has disclosed the details of the appointment as required under SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Shri Sushil Kumar Luthra is a distinguished railway professional and business leader with over 32 years of experience in the Indian Railways (IRSME cadre). He last served as Chief Administrative Officer, Diesel Modernisation Works (DMW), Patiala, heading a major production unit of Indian Railways. His career includes key positions such as Divisional Railway Manager, Jabalpur, and Additional Divisional Railway Manager, Allahabad.

Director Profile

Particulars	Details
Name	Sushil Kumar Luthra
Director Identification Number (DIN)	08483203
Designation	Non-Executive Independent Director
Date of Appointment	May 28, 2026
Term	5 years (subject to shareholder approval)

Luthra possesses significant experience in consulting and railway projects during his deputation with RITES Limited. He served as Advisor and Director on the Board of All Fresh Supply Management Pvt. Ltd. until December 2024 and is currently associated as the Editor of Rail Business magazine. He holds degrees in Mechanical, Electrical, and Metallurgical Engineering and is a Member of the Institution of Engineers (India).

The company confirmed that Shri Sushil Kumar Luthra is not related to any Director of Frontier Springs and satisfies the criteria of independence prescribed under the Companies Act, 2013, and SEBI LODR. Additionally, he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority, as per the disclosures required pursuant to BSE Circular reference No. LIST/COMP/14/2018-19 dated June 20, 2018.