Outcome of Committee Meeting-Allotment of equity shares pursuant to issuance of Bonus Shares of the Company.
FRONTSP · price
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Frontier Springs Ltd has allotted 78,77,022 bonus equity shares of face value Rs. 10 each in the ratio 2:1, meaning 2 new shares for every 1 existing share held. The record date for eligibility was March 13, 2026. Following this allotment, the company's paid-up equity share capital has increased from 39,38,511 shares (Rs. 3.94 crore) to 1,18,15,533 shares (Rs. 11.82 crore), a threefold increase. The new bonus shares will be available for trading on BSE from March 17, 2026. The bonus shares will rank equally with existing shares in all respects.
Shareholders receive 2 additional shares for each share they hold, increasing their share count. The stock price will adjust downward proportionally on March 17, 2026 (ex-bonus date), so the overall investment value remains largely unchanged. This signals management confidence but is typically a neutral-to-mildly-positive event for the stock price.