Description

BSE informs trading members that Frontier Springs Ltd has fixed March 13, 2026 as the record date for a 2:1 bonus issue of equity shares, with 7,877,022 shares to be allotted on March 16, 2026.

Summary

BSE has notified trading members that Frontier Springs Ltd (Scrip Code: 522195) has fixed a record date of March 13, 2026 for a bonus issue of equity shares. The company will issue 2 bonus equity shares of Rs. 10/- each for every 1 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 bonus equity shares for every 1 equity share held (2:1)
  • Face value of bonus shares: Rs. 10/- each
  • Record date: March 13, 2026
  • Ex-bonus effective date: March 13, 2026
  • Total shares to be allotted: 7,877,022 equity shares
  • Allotment date: March 16, 2026
  • Reference: DR-839/2025-2026
  • Company’s letter dated January 23, 2026 referenced for allotment details

Regulatory Changes

No regulatory changes. This is a standard corporate action notification pursuant to the company’s bonus issue decision.

Compliance Requirements

  • Trading members must note the ex-bonus effective date of March 13, 2026 and ensure trades are executed accordingly.
  • All transactions in Frontier Springs Ltd equity shares from March 13, 2026 onwards will be on an ex-bonus basis.

Important Dates

  • Record Date: March 13, 2026
  • Ex-Bonus Effective Date: March 13, 2026
  • Allotment Date: March 16, 2026
  • Circular Date: March 10, 2026

Impact Assessment

The 2:1 bonus issue will triple the total number of outstanding equity shares of Frontier Springs Ltd, proportionally adjusting the share price on the ex-bonus date. Existing shareholders as of the record date (March 13, 2026) will receive 2 additional shares for every share held. The market capitalization remains unchanged immediately post-bonus, but increased liquidity due to higher share count may attract broader retail participation. Trading members should update their systems to reflect the ex-bonus pricing from March 13, 2026.

Impact Justification

Routine corporate action (bonus issue) affecting existing shareholders of a single company; 2:1 ratio is significant but limited to one scrip.