Voting results of Postal Ballot along with Scrutinizers Report.
FRONTSP · price
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Awaiting price reaction for this filing.
Frontier Springs Ltd has disclosed the voting results of its postal ballot conducted via remote e-voting from February 3 to March 4, 2026. All four resolutions were passed with overwhelming shareholder approval, each receiving over 99.99% votes in favor. The resolutions include: (1) Alteration of Articles of Association passed as a Special Resolution, (2) Cancellation of 49,400 forfeited equity shares, (3) Increase in Authorised Share Capital and amendment to MOA capital clause, and (4) Issuance of Bonus Shares. Only 65 out of 13,386 shareholders on record participated, representing about 51.70% of paid-up equity capital (20,36,098 votes). The record date for the bonus issue has been revised to March 13, 2026. The scrutinizer S.K. Gupta & Co. has confirmed the results as fair and transparent.
The most material outcome is the approval of the bonus share issue, which will reward existing shareholders with additional shares based on the March 13, 2026 record date. The increase in authorised share capital was likely a prerequisite to enable the bonus issuance. Existing shareholders holding shares as of the record date will benefit from the bonus, though the ratio is yet to be specified in this filing.