Auto ancillary stock jumps 12% after board approves 2:1 bonus issue; Check the record date

SYNOPSIS: Frontier Springs approved a 2:1 bonus issue with 6th March 2026 record date and decided to voluntarily delist from CSE, while continuing its equity listing on the BSE.

During Thursday’s trading session, shares of a company involved in the production of hot coiled compression springs and forging items surged nearly 12 percent on BSE, after the Board of the company approved a bonus issue in a 2:1 ratio.

With a market cap of Rs. 1,770 crores, shares of Frontier Springs Limited closed in the green at Rs. 4,495 on BSE, up by around 2 percent, as against its previous closing price of Rs. 4,415.35. The stock has delivered multibagger returns of over 106 percent in one year, and has gained by about 15 percent in the last one month.

According to the latest disclosures on the BSE, the Board of Directors of Frontier Springs Limited, at its meeting held on 22nd December 2026, has approved the issuance of bonus shares to existing shareholders.

The Board recommended and approved the allotment of 78,77,022 fully paid-up equity shares as bonus shares in 2:1 ratio, meaning shareholders will receive 2 new equity shares of face value Rs. 10 each for every 1 existing fully paid-up equity share of face value Rs. 10 each held. The record date for determining shareholders’ eligibility for the bonus issue has been fixed as Friday, 6th March 2026.

In addition, the Board approved and recommended a proposal to voluntarily delist the company’s equity shares from the Calcutta Stock Exchange (CSE) only, and will continue to remain listed only on the BSE.

Frontier Springs reported a significant growth in its revenue from operations, showing a year-on-year increase of around 60 percent from Rs. 52 crores in Q2 FY25 to Rs. 83 crores in Q2 FY26.

Likewise, the company’s net profit increased during the same period from Rs. 7 crores to Rs. 16 crores, representing an impressive rise of nearly 129 percent YoY.

Frontier Springs Limited is mainly engaged in the business of manufacturing LHB Springs, hot coiled compression springs, air-springs and forging items for wagons, locomotives and carriages and is regularly supplying to railways, bogie manufacturers, Chittaranjan Locomotive Works, Diesel Locomotive Works, Integral Coach Factory, and Rail Coach Factory.

In addition to the supply to the railways, the unit also supplies the springs to heavy engineering industries & original earth movers equipment manufacturers, including BEML, TELCON, BHEL.

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