Frontier Springs Limited equity shares have been admitted for trading on the National Stock Exchange of India Limited (NSE) effective April 20, 2026.

The company informed the Bombay Stock Exchange (BSE) of the development in a letter dated September 8, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Listing Details

The NSE Listing Department issued Circular No. NSE/CML/73797 dated April 17, 2026, granting permission to trade. The company’s equity shares are categorized under "PERMITTED TO TRADE" on the exchange.

Key listing parameters include:

• NSE Symbol: FRONTSP
• ISIN: INE572D01014

Frontier Springs published notices regarding the admission in English daily Financial Express and Hindi daily Aaj on September 8, 2026. Dhruv Bhasin, Company Secretary and Compliance Officer, signed the intimation letter.

About the Company

Frontier Springs is a manufacturer of coil springs, forgings, and air springs for Indian Railways. Its registered office and factory are located in Kanpur Dehat, Uttar Pradesh.

Frontier Springs reported a 39.22% rise in revenue from operations to ₹322.06 crore for the fiscal year ended March 31, 2026, driven by broad-based growth across its coil springs, forging, and air springs divisions.

Profit after tax surged 76.88% to ₹61.31 crore, supported by a widening EBITDA margin that expanded by 533 basis points to 26.80%. The company entered the new fiscal year with an order book exceeding ₹370 crore.

The Board of Directors has scheduled the 46th Annual General Meeting for Tuesday, September 22, 2026, at 12:00 pm at Hotel Rajawat in Kanpur Dehat. Shareholders will vote on the adoption of audited financial statements and the re-appointment of Neeraj Bhatia as a director.

Financial Performance

Revenue growth was underpinned by higher volumes and improved pricing execution. Operating expenses rose at a slower pace of 29.69% to ₹236.88 crore, generating significant operating leverage. Return on capital employed improved by 823 basis points to 43.56%.

What the Numbers Show

The divergence between revenue growth (39%) and operating expense growth (30%) highlights strong operating leverage. Additionally, trade receivables increased to ₹60.89 crore from ₹38.44 crore, reflecting higher turnover as management attributes the rise to monthly sales volumes rather than collection delays.

Dividend and Capital Structure

The Board recommends a final dividend of ₹0.70 per equity share, subject to member approval at the AGM. During the year, the company issued 78,77,022 bonus shares in a 2:1 ratio, increasing paid-up capital to ₹118.16 crore. Total borrowings stood at ₹10.80 crore against cash balances of ₹3.50 crore, maintaining a low gross debt-to-equity ratio of approximately 0.06:1.

Strategic Developments

Frontier Springs scaled its air spring business for LHB coaches and commissioned a new 6-tonne hammer to expand forging capabilities. The company also received basic approval from the Research Designs and Standards Organisation for its indigenous Failure Indication and Brake Application system, aiming to replace imported safety components.