Voting Results pursuant to Regulation 44(3) of SEBI(Listing Obligations and Disclosure Requirements) 2015.
FRONTSP · price
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Frontier Springs Ltd held its 45th AGM on September 22, 2025, at Hotel Rajawat, The Fern, Kanpur Dehat, with 12,514 shareholders on record and 36 shareholders attending in person (9 promoter group, 27 public). All 12 resolutions were passed with overwhelming majority, including adoption of FY25 audited financial statements (99.9999% in favour), declaration of a dividend of ₹1.80 per share on equity shares of face value ₹10 (99.91% in favour), and re-appointment of Smt. Manju Bhatia as director by rotation. Shareholders also approved remuneration revisions for Whole-Time Directors Smt. Mamta Bhatia and Smt. Manju Bhatia, appointment of M/s. V Agnihotri & Associates as Secretarial Auditor for 5 years starting FY26, and ratification of Cost Auditors' remuneration. Two material related party transactions — with Frontier Alloy Steels Limited (99.07% in favour) and Vishpa Rail Equipments Private Limited (99.09% in favour) — were approved, with the promoter group abstaining from voting on these items.
All resolutions cleared comfortably, so there is no governance friction. The ₹1.80 per share dividend is a positive return for shareholders, while the rise in managerial remuneration and related party transactions warrant a close look at costs and intra-group dealings going forward.