Frontier Springs Falls 5% After Revising Record Date For 2:1 Bonus Issue

Mumbai, March 13: Share price of Frontier Springs Ltd declined about 5.18% to ₹1,450.90 on Friday after the company confirmed a revised record date of March 13, 2026 for its proposed 2:1 bonus share issue, according to an exchange filing.

The communication was issued on February 10, 2026 under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Record Date Revised For 2:1 Bonus Share Issue

Frontier Springs informed the exchange that the record date for determining shareholders eligible for the bonus share allotment has been revised to Friday, March 13, 2026. The company had earlier announced March 6, 2026 as the record date.

Under the approved bonus proposal, shareholders will receive two new fully paid-up equity shares of face value ₹10 each for every one existing equity share of ₹10 held — translating to a 2:1 bonus ratio.

The company said the deemed date of allotment for the bonus shares will be March 16, 2026. Subject to shareholder approval, the new shares are expected to become available for trading from March 17, 2026.

In line with SEBI regulations, the company also advised shareholders holding shares in physical form to dematerialise their holdings to ensure eligibility for the bonus allotment.

Share Price Movement On March 13

As of 2:09 pm IST on March 13, 2026, the stock was trading at ₹1,450.90, down ₹79.20 or 5.18% from the previous close of ₹1,530.10, according to BSE data.

The stock opened at ₹1,551.00 and touched a high of ₹1,634.00 and a low of ₹1,400.00 during the session so far. The company’s market capitalisation stood at about ₹1,714 crore.

The stock’s 52-week high and low were ₹1,821.51 and ₹550.57, respectively.

Company Background

Frontier Springs manufactures hot coiled compression springs and related components used primarily in railway rolling stock, locomotives and heavy engineering equipment. The company supplies products to Indian Railways and other industrial customers.

Conclusion

With the revised record date now set for March 13, eligible shareholders will receive two bonus shares for every one share held. The bonus issue will increase the company’s outstanding share count while leaving its underlying capital structure unchanged.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/fb91eb14-b04e-41f0-85ef-b264f277f8c8.pdf