Frontier Capital Ltd (508980)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Frontier Capital's revenue was ₹0.1 Cr (-24.3% year on year, -15.4% on the previous quarter), and net profit ₹0.1 Cr (-0.5% year on year); the operating margin was 26.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.1 | -24.3% | -15.4% |
| Operating profit | ₹0.0 | -58.4% | — |
| Net profit | ₹0.1 | -0.5% | from loss |
| EPS (₹) | 0.05 | +0.0% | from loss |
| Operating margin | 26.0% | — | — |
📢 Recent Corporate Announcements
Frontier Capital's board has approved the execution of a Share Purchase Agreement (SPA) dated October 13, 2026. Under the deal, acquirers Mr. Prafful Agarwal and Mrs. Anupam Gupta will buy 93,98,455 shares (56.07% stake) from existing promoters at Rs 10 per share, totaling ~Rs 9.40 crore. The transaction results in a complete change of management and control, triggering a mandatory open offer to public shareholders under SEBI SAST regulations. The deal and management reconstitution remain subject to prior approval from the Reserve Bank of India (RBI).
- Acquirers to buy 93,98,455 equity shares representing 56.07% of paid-up equity share capital
- Agreed acquisition price is Rs 10 per equity share (cash consideration)
- Mandatory open offer to public shareholders triggered under SEBI SAST Regulations
- Change of management and board reconstitution subject to prior approval from the Reserve Bank of India
Mr. Prafful Agarwal and Mrs. Anupam Gupta have entered into a Share Purchase Agreement to acquire 93,98,455 equity shares, representing 56.07% of Frontier Capital, from promoters at ₹10 per share. Triggered by this change of control, the acquirers have made an open offer to public shareholders to acquire up to 43,58,163 shares (26.00% stake) at ₹10.20 per share in cash. The open offer price of ₹10.20 is slightly below the current market price of ₹10.50. Upon completion, the existing promoter sellers will reclassify to the public category, handing over full management control to the acquirers.
- SPA entered for 93,98,455 shares representing 56.07% stake at ₹10 per share
- Open offer triggered to buy up to 43,58,163 equity shares (26.00% voting capital) at ₹10.20 per share
- Acquisition entails complete transfer of control and reclassification of existing promoters to public
Acquirers Prafful Agarwal and Anupam Gupta have entered into a Share Purchase Agreement to acquire 93,98,455 shares (56.07% equity) from existing promoters at ₹10.00 per share, triggering a mandatory open offer. The open offer seeks to purchase up to 43,58,163 shares (26.00% of voting capital) at ₹10.20 per share, totaling up to ₹4.45 crore in cash. The offer price of ₹10.20 is slightly below the current market price of ₹10.50. The transaction will result in a complete transfer of promoter control and management.
- SPA entered for 93,98,455 shares representing 56.07% voting capital at ₹10.00 per share
- Mandatory open offer to acquire up to 43,58,163 shares (26.00%) at ₹10.20 per share
- Total open offer cash consideration payable of ₹4,44,53,263
- Existing promoters Anirudh Bhuwalka (5.53%) and Inimitable Capital Finance (50.54%) selling their entire stakes
- Detailed Public Statement to be issued on or before October 21, 2026
Mr. Prafful Agarwal and Mrs. Anupam Gupta have entered into a Share Purchase Agreement to acquire 93,98,455 shares (56.07% stake) of Frontier Capital Ltd from existing promoters at ₹10.00 per share, totaling ₹9.40 crore. Consequently, the acquirers have triggered a mandatory open offer to acquire up to 43,58,163 equity shares (26.00% stake) from public shareholders at ₹10.20 per share, amounting to ₹4.45 crore. The transaction involves a complete change in control and management of the NBFC, subject to RBI approval. The open offer price of ₹10.20 is slightly below the current market price of ₹10.50.
- Open offer to acquire up to 43,58,163 equity shares representing 26.00% of voting capital at ₹10.20 per share
- Underlying SPA triggers acquisition of 93,98,455 shares (56.07% stake) from current promoters at ₹10.00 per share
- Total open offer consideration stands at ₹4,44,53,263 payable in cash upon full acceptance
- Detailed Public Statement (DPS) to be published on or before October 21, 2026
- Target company is an RBI-registered NBFC, making the change in control subject to prior RBI approval
Mr. Prafful Agarwal and Mrs. Anupam Gupta have entered into a Share Purchase Agreement to acquire 93,98,455 equity shares, representing 56.07% of Frontier Capital, from promoters at ₹10 per share. Triggered by this change of control, the acquirers have made an open offer to public shareholders to acquire up to 43,58,163 shares (26.00% stake) at ₹10.20 per share in cash. The open offer price of ₹10.20 is slightly below the current market price of ₹10.50. Upon completion, the existing promoter sellers will reclassify to the public category, handing over full management control to the acquirers.
- SPA entered for 93,98,455 shares representing 56.07% stake at ₹10 per share
- Open offer triggered to buy up to 43,58,163 equity shares (26.00% voting capital) at ₹10.20 per share
- Acquisition entails complete transfer of control and reclassification of existing promoters to public
Mr. Prafful Agarwal and Mrs. Anupam Gupta have issued an open offer to acquire up to 43,58,163 equity shares of Frontier Capital Limited, representing 26.00% of the voting share capital. The offer is priced at ₹10.20 per fully paid-up share in cash, slightly below the recent closing price of ₹10.50. The transaction is being managed by Srujan Alpha Capital Advisors LLP under Regulations 3(1) and 4 of SEBI SAST Regulations, indicating a trigger via substantial acquisition or control change.
- Open offer for up to 43,58,163 fully paid-up equity shares (26.00% of voting share capital)
- Offer price set at ₹10.20 per share, payable in cash
- Acquirers named as Mr. Prafful Agarwal and Mrs. Anupam Gupta
- Triggered under Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011
- Public announcement issued via manager Srujan Alpha Capital Advisors LLP on October 13, 2026
Frontier Capital Limited has notified exchanges of the closure of its Share Transfer Books and Register of Members from September 1, 2026, to September 8, 2026 (both days inclusive). The book closure is scheduled for the company's 42nd Annual General Meeting (AGM) for the financial year 2025-26. The AGM will be held on September 8, 2026, at 3:30 PM IST via Video Conferencing / Other Audio Visual Means. This is a standard statutory compliance filing under Regulation 42 of SEBI LODR Regulations.
- Book closure period set from September 1, 2026, to September 8, 2026 (both days inclusive)
- 42nd Annual General Meeting (AGM) scheduled for September 8, 2026
- AGM meeting time fixed for 03:30 P.M. (IST) via Video Conference / OAVM
- Filing conducted under Regulation 42 of SEBI LODR Regulations for FY 2025-26
Frontier Capital has scheduled its 42nd Annual General Meeting (AGM) for September 8, 2026, to adopt the FY2025-26 financial statements. The company reported unsecured loans and advances totaling ₹291.21 lakhs (₹2.91 Cr) as of March 31, 2026, all categorized under the services sector. Despite a small TTM revenue of ₹2 Cr, the company reported zero Gross and Net Non-Performing Assets (NPAs) for the period. Shareholders must be registered by the September 1, 2026 cut-off date to participate in e-voting.
- 42nd Annual General Meeting scheduled for September 8, 2026, at 3:30 PM via video conferencing.
- Unsecured loans and advances stood at ₹291.21 lakhs as of March 31, 2026, representing ~145% of TTM revenue.
- E-voting period is set from September 5, 2026 (9:00 AM) to September 7, 2026 (5:00 PM).
- Reported 0% Gross and Net Non-Performing Assets (NPAs) for the financial year ended March 31, 2026.
- Book closure for the AGM is scheduled from September 1 to September 8, 2026.
Frontier Capital has scheduled its 42nd Annual General Meeting (AGM) for September 8, 2026, and approved its Q1 FY27 financial results. A critical highlight is the board's discussion on enhancing Net Owned Funds (NOF) to ensure continued compliance with Reserve Bank of India (RBI) requirements. The company currently reports zero financial indebtedness across bank loans and debt securities. Investors should note the book closure period from September 1 to September 8, 2026, for AGM purposes.
- 42nd Annual General Meeting scheduled for September 8, 2026, via video conferencing
- Share transfer books to remain closed for 8 days from September 1 to September 8, 2026
- Total financial indebtedness reported at Rs 0 as of August 13, 2026
- Company is actively strategizing to enhance Net Owned Funds (NOF) for RBI compliance
- TTM Revenue of Rs 2 Cr is relatively small compared to the Rs 19 Cr Net Worth
Frontier Capital has released its Annual Report for FY 2025-26, scheduling its 42nd Annual General Meeting (AGM) for September 8, 2026. The company reported unsecured loans and advances totaling ₹2.91 crore, primarily within the services sector. Financial disclosures indicate inter-corporate borrowings of ₹19.15 lakhs and a stable promoter holding of 56.07%. The report confirms no impairment of assets was recognized under Ind AS 109 for the fiscal year.
- 42nd Annual General Meeting scheduled for September 8, 2026, via video conferencing.
- Unsecured loans and advances to non-related parties reported at ₹291.21 lakhs (₹2.91 Cr).
- Inter-corporate loans and borrowings stood at ₹19.15 lakhs as of March 31, 2026.
- Cut-off date for e-voting eligibility is set for September 1, 2026.
- Promoter holding remained constant at 56.07% throughout the 2025-26 fiscal year.
Frontier Capital approved its standalone un-audited financial results for the quarter ended June 30, 2026, during its board meeting on August 13, 2026. The company reported zero financial indebtedness across all loan and debt categories. Crucially, management disclosed they are undertaking measures to enhance Net Owned Funds (NOF) to ensure continued compliance with RBI requirements. The 42nd Annual General Meeting (AGM) is scheduled for September 8, 2026.
- Total financial indebtedness reported at Rs 0 as of the reporting date
- 42nd Annual General Meeting scheduled for September 8, 2026, via video conferencing
- Share transfer books to remain closed from September 1 to September 8, 2026
- Management is actively strategizing to enhance Net Owned Funds (NOF) for RBI compliance
- Board meeting concluded after 2.5 hours of deliberation (03:30 P.M. to 06:00 P.M.)
Frontier Capital approved its standalone un-audited financial results for the quarter ended June 30, 2026, and scheduled its 42nd Annual General Meeting (AGM) for September 8, 2026. A critical disclosure was made regarding the company's strategy to enhance its Net Owned Funds (NOF) to maintain compliance with Reserve Bank of India (RBI) requirements. The company reported zero financial indebtedness as of August 13, 2026. Given the small TTM revenue of Rs 2 Cr, the regulatory compliance regarding NOF is a key monitorable for business continuity.
- 42nd Annual General Meeting scheduled for September 8, 2026, at 03:30 P.M.
- Book closure for the AGM set from September 1, 2026, to September 8, 2026.
- Total financial indebtedness including loans and debt securities reported as Rs 0.
- Company is actively strategizing to enhance Net Owned Funds (NOF) for RBI compliance.
- Approved the Annual Report for the Financial Year ended March 31, 2026.
Frontier Capital approved its un-audited financial results for the quarter ended June 30, 2026, and scheduled its 42nd Annual General Meeting (AGM) for September 8, 2026. A key regulatory highlight is the company's stated strategy to enhance its Net Owned Funds (NOF) to maintain compliance with Reserve Bank of India (RBI) requirements. The company reported zero financial indebtedness and no defaults on loans or debt securities as of the meeting date. This capital enhancement strategy is critical given the company's small scale, with TTM revenue of just Rs 2 Cr.
- 42nd Annual General Meeting scheduled for September 8, 2026, via video conferencing.
- Share transfer books and Register of Members to be closed from September 1 to September 8, 2026.
- Total financial indebtedness, including short-term and long-term debt, reported at Rs 0.
- Company is actively strategizing to increase Net Owned Funds (NOF) to meet RBI minimum thresholds.
- Approval of the Annual Report for the Financial Year ended March 31, 2026.
Frontier Capital Ltd has scheduled a board meeting for August 13, 2026, to consider and approve the un-audited financial results for the quarter ended June 30, 2026. The board will also review the Annual Report for FY26 and finalize the date and venue for the 42nd Annual General Meeting (AGM). Mrs. Shilpa Bandre has been appointed as the scrutinizer for the upcoming AGM voting process. The trading window for designated persons has been closed since July 1, 2026, and will remain so until 48 hours after the results are published.
- Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
- Approval of Directors' Report and Annual Report for the financial year ended March 31, 2026
- Appointment of Mrs. Shilpa Bandre as Scrutinizer for remote E-voting at the 42nd AGM
- Trading window closure initiated on July 1, 2026, per insider trading regulations
- Company to finalize dates for closure of Register of Members and Share Transfer Books
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