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.

Frontier Springs Limited has announced its proposal for voluntary delisting of equity shares from The Calcutta Stock Exchange Limited (CSE) only, while maintaining its listing on BSE Limited. The company submitted newspaper clippings to both exchanges on March 03, 2026, as part of the regulatory disclosure requirements.

Board Approval and Regulatory Compliance

The Board of Directors of Frontier Springs Limited approved the voluntary delisting proposal at their meeting held on January 22, 2026. The decision was made pursuant to Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021 and subsequent amendments.

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by notifying both BSE Limited and The Calcutta Stock Exchange Limited.

Rationale for Delisting Decision

The company cited specific operational and financial reasons for the delisting decision. There has been no trading in the equity shares of Frontier Springs Limited on the CSE for many years, making the listing redundant. Additionally, the company incurs extra operational costs for maintaining the CSE listing without corresponding benefits.

Key factors influencing the decision:

• Absence of trading activity on CSE for extended period
• Additional operational costs without trading benefits
• Streamlined compliance requirements
• Focus on active trading platform (BSE)

Newspaper Publication Requirements

As mandated by SEBI regulations, Frontier Springs Limited published the delisting notice in multiple newspapers to ensure wide dissemination of information. The advertisements appeared in Financial Express (English), Jansatta (Hindi), and Arthik Lipi (Bengali) on March 03, 2026.

Impact on Shareholders

The company has clarified that the delisting from CSE will not be prejudicial to or affect the interests of investors. All shareholders will continue to benefit from listing and trading facilities as the equity shares will remain listed on BSE, which operates a recognized stock exchange with nationwide trading terminals.

The delisting proposal does not include any exit opportunity for equity shareholders since the shares will continue trading on BSE Limited. The company's capital structure will remain unchanged following the delisting from CSE.