The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
FRONTSP · price
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Frontier Springs Ltd promoters Mamta Bhatia and Manju Bhatia are acquiring 6,16,403 equity shares (15.65% of share capital) from fellow promoter Kamla Bhatia on December 5, 2025, by way of a gift (no consideration). The shares are split equally — 3,08,202 shares to Mamta Bhatia (rising from 0.97% to 8.79%) and 3,08,201 shares to Manju Bhatia (rising from 0.52% to 8.34%). Kamla Bhatia's stake drops from 15.90% to 0.25%. The aggregate promoter group holding remains unchanged at 51.76% before and after the transfer. The transaction is exempt from an open offer under Regulation 10(1)(a)(ii) as it is an internal promoter family reorganisation.
No impact on total promoter shareholding or voting power — purely an internal family reshuffle of stakes via gift. No change in control, no open offer obligation, and no cash outflow. Stock price is unlikely to be materially affected as the promoter group's stake and influence remain identical.