Gist of Proceedings of 45th Annual General Meeting.
FRONTSP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Frontier Springs Ltd held its 45th AGM on 22 September 2025 at Hotel Rajawat, The Fern, Rania, Kanpur Dehat, chaired by Shri Kundan Lal Bhatia, from 12:30 PM to 1:15 PM. The meeting covered 12 business items including adoption of FY25 audited financial statements (no qualifications from auditors) and declaration of a dividend of ₹1.80 per equity share (face value ₹10) for FY25. Re-appointment of Smt. Manju Bhatia, who retires by rotation, was on the agenda. Special resolutions were placed to approve enhanced remuneration for MD Kapil Bhatia and three Whole-Time Directors (Neeraj Bhatia, Mamta Bhatia, Manju Bhatia), plus general approval for managerial remuneration exceeding statutory limits. Ordinary resolutions covered appointment of M/s V Agnihotri & Associates as Secretarial Auditor for 5 years from FY26, ratification of Cost Auditor remuneration for the 'Steel' product, and approval of material related party transactions with Frontier Alloy Steels Ltd and Vishpa Rail Equipments Pvt Ltd. Remote e-voting ran from 19-21 September, with combined results to be declared within 2 working days by scrutinizer SK Gupta.
Key positive for shareholders is the proposed ₹1.80 per share dividend, subject to voting results. The multiple executive remuneration hikes and large related-party transactions may draw shareholder attention and require promoter-group support to pass. Investors should wait for the scrutinizer's combined voting result, due shortly, to confirm which resolutions were approved.