Frontier Capital Limited has announced the resignation of its Company Secretary & Compliance Officer, Mr. Kamal Prajapati, effective March 31, 2026. The disclosure was made to BSE Limited on March 10, 2026, in accordance with regulatory requirements under SEBI Listing Regulations.

Resignation Details

Mr. Kamal Prajapati, holding membership number A73877, formally tendered his resignation from the position of Company Secretary & Compliance Officer through a letter dated March 9, 2026. The resignation will take effect from the close of business hours on March 31, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Director Mayur Nagindas Doshi (DIN: 08351413) and submitted to the Department of Corporate Services at BSE Limited.

Resignation Letter Highlights

In his resignation letter, Mr. Prajapati expressed gratitude to the Board of Directors and colleagues for their support during his tenure. He specifically requested the company to arrange for filing requisite forms with the Registrar of Companies and notify stock exchanges as applicable.

Company Information

Frontier Capital Limited operates from its registered office at Office No.-1206, Lodha Supremus, Senapati Bapat Marg, Lower Parel, Mumbai – 400013. The company trades on BSE under scrip code 508980 and holds CIN: L65990MH1984PLC033128.

Frontier Capital Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved these results and related corporate matters at their meeting held on February 13, 2026, which commenced at 2:30 PM and concluded at 4:30 PM.

Financial Performance Overview

The company's quarterly performance showed mixed results with total income decreasing to ₹14.25 lakhs from ₹19.34 lakhs in the corresponding quarter of the previous fiscal year. The results were reviewed by the Audit Committee and prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Frontier Capital demonstrated relatively stable performance with total income of ₹47.18 lakhs compared to ₹47.58 lakhs in the corresponding period of the previous year. Revenue from operations showed improvement, increasing to ₹47.00 lakhs from ₹43.38 lakhs.

Share Purchase Agreement Terminations

The Board approved the termination of two Share Purchase Agreements originally executed on February 6, 2025. Both agreements were terminated due to non-fulfillment of conditions precedent by the long stop date of June 30, 2025, with termination notices issued on February 13, 2026.

Regulatory Compliance and Corporate Governance

The financial results were prepared pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's auditors, A.P. Rajagopalan & Co., Chartered Accountants, conducted a review in accordance with Standard on Review Engagements (SRE) 2410 and confirmed that nothing came to their attention suggesting material misstatement in the financial results.

Financial Position and Business Operations

Frontier Capital Limited maintains a clean debt profile with zero outstanding amounts across all categories of financial indebtedness. The company operates primarily in the financing business, with all activities revolving around this main business segment within India. The paid-up equity share capital remains unchanged at ₹167.62 lakhs, consisting of shares with a face value of ₹10 each.

The termination of both Share Purchase Agreements will result in no change to the control or management of Frontier Capital Limited, ensuring continuity in the company's operations and governance structure.