Frontier Springs, a small company in the auto sector, has declared a record date for the upcoming corporate action with a bonus issue in an aim to reward shareholders with free shares.
The company said it has set Friday, March 6, 2026, as the record date to determine eligible shareholders for the bonus issue, subject to approval from its members. As per the announcement, the company plans to issue bonus equity shares in the ratio of 2:1, meaning shareholders will receive two fully paid-up equity shares of face value Rs 10 each for every one existing equity share held as on the record date.
“The deemed date of allotment of Bonus Shares shall be Monday, March 09, 2026, and these Bonus Shares will be made available for trading on the next working day of allotment i.e. Tuesday, March 10, 2026, subject to the approval of Members,” said the company in a regulatory filing.
“Pursuant to the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, new Bonus Shares shall be allotted in dematerialized form only and thus, all the eligible members of the Company holding equity shares in physical mode are hereby advised to dematerialize their physical share certificates by contacting their respective Depository Participant (DP) on or before the Record Date for receipt of bonus equity shares in their respective beneficiary accounts. In case, shares of the Company are held in physical form as on the Record Date, the bonus equity shares so entitled, shall be transferred to the Suspense Account opened by the Company in this regard,” Frontier Springs has further informed stock exchanges.
Frontier Springs Target Price
“Frontier Springs stock price is bearish on the Daily charts with strong resistance at 4606. A Daily close below support of 4293 could lead to a target of 3746 in the near term,” commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.
About Frontier Springs
Founded in 1981 and headquartered in Kanpur, Frontier Springs is a leading Indian producer that specializes in high-performance hot coiled springs, air springs, and forged components for heavy engineering and railroads. It is an essential supplier to Indian Railways, helping with initiatives like the Vande Bharat Express. The firm is nearly debt-free as of early 2026, with high return ratios (ROCE >40%) and robust revenue growth aimed at reaching Rs 500 crores by FY27.
Frontier Springs Share Price
As of Friday, January 23, 2026, when the market closed, Frontier Springs Ltd. was trading at Rs 4,344.9. Compared to the prior closing price, this is a 3.8% drop. The stock of Frontier Springs Ltd. has a 52-week high of Rs 5,470.00 and a 52-week low of Rs 1,653.35. Despite recent short-term volatility, Frontier Springs Ltd. stock is now in a broad long-term uptrend, with a 1-year return of over 115% and a 3-year return of nearly 800%.
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