Frontier Springs Ltd

Frontier Springs Ltd — Trading window closure (routine).

AGM details

• Record date fixed as 15-09-2026.
• Total shareholders on record: 19,721.
• Four resolutions were passed at the meeting.

Key resolutions

• Adoption of FY2026 financial statements and reports.
• Re-appointment of director(s) as per rotation.
• Remuneration of Cost Auditors for FY2027.
• Other ordinary business as per AGM notice.

Voting results

• All four resolutions passed at the AGM.

AGM Details

• AGM held on 22 September 2026 at 12:00 PM; physical meeting with remote e-voting.
• Mode: Physical AGM with NSDL remote e-voting facility.
• Record date for voting: 15 September 2026.
• Notice and Annual Report dispatched to members in Aug 2026.

Resolutions & Outcomes

• Adoption of audited financial statements for FY 2025-26 approved.
• Dividend of Rs 0.70 per share approved.
• Director re-appointment on rotation approved.
• Remuneration ratification for Cost Auditors approved.

Dividend

• Dividend per share: Rs 0.70.

Director Changes

• Director re-appointment approved (rotation).

Auditors

• No changes to auditors reported.

Voting Irregularities

• Four polling papers invalid due to technical grounds.

AGM Details

• 46th AGM held 22 September 2026 at Hotel Rajawat, The Fern, Kanpur Dehat.
• Meeting time: 12:00 PM to 1:20 PM (IST).
• Mode: physical meeting with remote e-voting facility.
• Remote e-voting window: 19–21 September 2026; voting ends 5:00 PM.
• Scrutinizer appointed for remote and at-venue voting.
• Voting at meeting available via polling paper.
• Agenda items were placed for polling-paper approval; detailed resolutions not disclosed.

Agenda / Resolutions

• Items on the agenda were placed for approval by polling paper; detailed resolutions not disclosed.

Financials at a glance

• Revenue from operations rose 39.22% to ₹322.06 crore.
• Profit after tax rose 76.88% to ₹61.31 crore.
• EBITDA ₹86.31 crore; margin 26.80%.
• Order book entering FY27 above ₹370 crore; FY27 revenue target ₹500 crore.

Operations and growth drivers

• Divisions: coil springs, forging, air springs drive growth.
• Air springs scaled for LHB coaches; higher-margin mix.
• 6-tonne hammer widened forging range; some orders gained.
• FIBA safety system developed; basic railway approval obtained.
• Capital expenditure funded from internal resources; no term loans.

Capital structure & dividends

• Dividend proposed at ₹0.70 per share; payout ₹82.71 lakh.
• 2:1 bonus issue increased paid-up capital to ₹11.8155 crore.
• Total borrowings ₹10.80 crore; cash ₹3.50 crore; debt/equity 0.06:1.
• FY27 revenue target ₹500 crore; demand supported by multi-year railway investment.

Governance & board changes

• Nimesh Mukerji, Independent Director, passed away on 14 Apr 2026.
• Sushil Kumar Luthra appointed as Additional Independent Director on 28 May 2026; approved 26 Aug 2026.
• Board comprises 10 directors (5 executive, 5 independent); four board committees.

CSR & sustainability

• CSR spend ₹49.38 lakh; ₹15.91 lakh unspent carried to ongoing projects.
• Initiatives include Ekal Vidyalayas and AI-enabled digital literacy labs.

Resolution: Appointment of Independent Director

• Purpose: Postal ballot for appointment of Shri Sushil Kumar Luthra as Independent Director.
• Resolution type: Special.
• Outcome: Passed; Yes votes 99.994% of votes polled.
• Director details: Independent Director; DIN 08483203.
• Term: not disclosed; no experience details provided.
• Impact: strengthens independent governance.

No AGM details provided in the filing chunk for Frontier Springs Ltd.