Non applicability of Regulation 32 for the quarter ended on 31st March 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Frontline Corporation Ltd has informed the BSE and Calcutta Stock Exchange that Regulation 32 of SEBI's Listing Obligations does not apply to the company for the quarter ended 31st March 2025. The regulation requires companies to file a statement showing any deviation or variation in the use of proceeds from a public issue, rights issue, preferential issue, or qualified institutional placement (QIP). The company stated that it has not undertaken any such capital raising activity since 1996, meaning there are no proceeds to report on. This is a routine quarterly compliance filing confirming the regulation is not relevant to the company.
No material impact on shareholders or the stock price. This is a routine regulatory disclosure confirming that a specific compliance requirement does not apply, and does not reflect any business activity, fundraising, or change in the company's financial position.