Revised Record Date for Bonus Issue.
FRONTSP · price
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Frontier Springs Ltd has revised the record date for its proposed bonus issue from March 6, 2026 to March 13, 2026, pending shareholder approval. Under the 2:1 bonus ratio, every existing shareholder will receive 2 new fully paid-up equity shares of Rs. 10 face value for every 1 share held, on the revised record date. The deemed date of allotment is set for March 16, 2026, with the bonus shares expected to start trading from March 17, 2026. The company has also advised shareholders holding shares in physical form to demat them before the record date, or the bonus shares will be moved to a suspense account.
A 2:1 bonus is a highly shareholder-friendly action that effectively triples the share count and typically leads to a proportional price adjustment on the ex-date. The one-week delay in the record date gives investors more time to buy the stock to be eligible for the bonus, but does not change the economic value delivered to existing holders.