Issue of Bonus Shares in the ratio of 2:1
FRONTSP · price
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Frontier Springs Ltd's Board, meeting on January 22, 2026, approved a bonus issue of 78,77,022 equity shares in a 2:1 ratio (2 new shares for every 1 held) at a face value of Rs. 10 each, funded from Securities Premium, General Reserves, and Surplus. Pre-bonus equity shares stand at 39,38,511, which will rise to 1,18,15,533 post-issue, with an estimated share credit date of March 21, 2026. The record date for eligibility is Friday, March 6, 2026. The Board also approved cancellation of 49,400 forfeited shares, an increase in Authorised Share Capital from Rs. 5.10 crore to Rs. 15.10 crore, and voluntary delisting from the Calcutta Stock Exchange (CSE), while retaining its BSE listing. Shareholder approval will be sought via postal ballot.
This is a generous 2:1 bonus issue, effectively tripling share count, which is generally viewed positively by retail investors as it rewards existing shareholders without any cash outflow. The price will adjust proportionally downward post-record date, but long-term shareholders benefit from increased liquidity. The delisting from CSE is minor since BSE remains the primary listing and trading is unaffected.