Description
Frontier Springs Ltd has fixed March 13, 2026 as the record date for a 2:1 bonus issue, allotting 2 bonus equity shares of Rs.10 each for every 1 equity share held.
Summary
Frontier Springs Ltd (BSE Scrip Code: 522195) has announced a bonus issue of equity shares with a record date of March 13, 2026. The company will issue 2 (two) bonus equity shares of Rs.10 each for every 1 (one) equity share of Rs.10 held. Trading in the equity shares will be on an ex-bonus basis effective March 13, 2026.
Key Points
- Bonus ratio: 2:1 (2 bonus shares for every 1 share held)
- Face value of bonus shares: Rs.10 each
- Record date: March 13, 2026
- Ex-bonus effective date: March 13, 2026
- Total bonus shares to be allotted: 7,877,022 equity shares
- Allotment date: March 16, 2026
- Reference: DR-839/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action circular notifying trading members of an upcoming bonus issue and ex-bonus date.
Compliance Requirements
- Trading members must note the ex-bonus date of March 13, 2026 and ensure all transactions in Frontier Springs Ltd equity shares are processed accordingly.
- Trades executed on or after March 13, 2026 will be on an ex-bonus basis.
Important Dates
- Ex-Bonus Date: March 13, 2026
- Record Date: March 13, 2026
- Allotment Date: March 16, 2026
- Circular Date: March 10, 2026
Impact Assessment
Shareholders of Frontier Springs Ltd holding shares as of the record date (March 13, 2026) will receive 2 additional equity shares for every 1 share held, effectively tripling their shareholding. The share price is expected to adjust proportionally on the ex-bonus date. A total of 7,877,022 new equity shares will be allotted on March 16, 2026, increasing the total paid-up share capital of the company. Trading members should update their systems to reflect the ex-bonus adjustment.
Impact Justification
Routine corporate action (bonus issue) affecting existing shareholders of Frontier Springs Ltd; 2:1 ratio is significant but limited to one company.