FRONTSP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Frontier Springs Ltd held its 45th Annual General Meeting on September 22, 2025, and all 12 resolutions were passed with overwhelming shareholder approval. Key resolutions included adoption of audited financial statements for FY2024-25 (passed with nearly 100% votes in favour), declaration of a dividend of Rs. 1.80 per equity share of Rs. 10 face value (99.91% in favour), and re-appointment of Smt. Manju Bhatia as director. Shareholders also approved revision in remuneration for four directors — Kapil Bhatia (MD), Neeraj Bhatia, Mamta Bhatia, and Manju Bhatia (all Whole-Time Directors) — via special resolutions. Additional approvals covered appointment of M/s V Agnihotri & Associates as Secretarial Auditor for 5 years starting FY2025-26, ratification of Cost Auditor remuneration for FY2025-26, and material related party transactions with Frontier Alloy Steels Ltd (99.07% in favour) and Vishpa Rail Equipments Pvt Ltd (99.08% in favour).
All resolutions sailed through comfortably, indicating strong shareholder confidence and no significant dissent. The Rs. 1.80 per share dividend rewards equity holders, while the approval of higher director remuneration and related-party transactions with promoter-linked entities warrants attention but is unlikely to materially affect the stock in the near term.