Frontier Capital Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/07/2025 ,inter alia, to consider and approve the proposal for fund raising ....
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Frontier Capital Ltd has called a Board meeting on 7 July 2025 to re-approve a Rights Issue of equity shares (face value Rs. 10) for an amount not exceeding Rs. 6 Crore to eligible shareholders. This is essentially a re-approval of a proposal that was originally cleared by the Board on 28 March 2025, with no change in the issue size. The reason for seeking fresh approval is to take advantage of SEBI's new simplified Rights Issue regulations that came into force on 8 April 2025, which make the process faster and cheaper. The company states the funds will primarily support future growth plans. The trading window for insiders has been closed from 1 July 2025 until 48 hours after the declaration of Q1 FY26 results.
For existing shareholders, this is a procedural re-approval rather than a new fundraising, so dilution impact remains the same as previously disclosed. Once terms (issue price, entitlement ratio, record date) are finalised, eligible shareholders will get the opportunity to subscribe proportionally to their holding.