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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Frontier Capital Ltd

Frontier Capital: Draft Letter of Offer for 26.00% Open Offer at ₹10.20 per Share

M&A ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 27 Oct 2026, 05:51 PM IST  ·  BSE ID: 84207d58-4b08-44bd-a754-7a500d5e1775
View Original BSE Filing (PDF)
💡
In Simple Terms
New owners are making a public offer to buy 26.00% more shares of Frontier Capital at ₹10.20 per share.
🤖 AI Summary
  • Frontier Capital received the Draft Letter of Offer for an open offer to acquire up to 26.00% of its total voting share capital.
  • Acquirers Mr. Prafful Agarwal and Mrs. Anupam Gupta propose to acquire 43,58,163 fully paid-up equity shares.
  • The offer price for these shares is ₹10.20 per fully paid up share, paid in cash.
  • This open offer is not conditional on any minimum acceptance level nor is it a competing offer under SEBI (SAST) Regulations.
  • The Draft Letter of Offer dated October 27, 2026, has been filed with SEBI by the Manager to the Offer.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of shares to acquire
43,58,163
Percentage of voting share capital
26.00%
Offer price per share
₹10.20/-
🏢 How This Affects the Company
⚠️
Risk Impact
The completion of the open offer will result in a change in the shareholder structure and potential control of Frontier Capital Ltd.
👥 What This Means For Shareholders
✅
Action Required
Shareholders will need to decide whether to tender their shares during the upcoming tendering period of the open offer.
👤
Who Is Affected
Public shareholders of Frontier Capital are affected, as the Acquirers are offering to acquire up to 43,58,163 equity shares from them at ₹10.20 per share.
🔍
Management Signal
The company's management is facilitating the regulatory process for the change in ownership, as mandated by SEBI (SAST) Regulations.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Receipt of final Letter of Offer and commencement of tendering period for the open offer.
Potential upward revision of Offer Price or Offer Size before December 04, 2026.
Any updates on statutory approvals, specifically from the Reserve Bank of India (RBI).
MEDIUM RISK The open offer process is ongoing, and the final outcome or potential impact of new control is not yet fully clear.
💡 Investor Takeaway
Frontier Capital confirmed receipt of the Draft Letter of Offer for an open offer to acquire 43,58,163 shares, representing 26.00% of voting capital, at ₹10.20 per share from Mr. Prafful Agarwal and Mrs. Anupam Gupta.
⚖️ Strengths & Concerns

✅ Positives

  • The open offer is not conditional upon any minimum level of acceptance, providing certainty for tendering shareholders.
  • The offer price of ₹10.20 per share is clearly defined, offering transparency to public shareholders.

⚠️ Concerns

  • No specific financial details or rationale from the acquirers are provided in this filing regarding the offer's impact on the company.
  • The filing notes that prior approval of Reserve Bank of India, Mumbai (RBI) may be required for the acquisition.
📅 Company Track Record
Previous filings indicated the Board approved a Share Purchase Agreement on October 16, 2026, for acquiring 56.07% of the company at ₹10/- per share. This triggered an open offer, with a revised public announcement made on October 13, 2026, for a 26.00% offer at ₹10.20 per share.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the offer price for the open offer for Frontier Capital shares?
The offer price for the open offer is ₹10.20/- per fully paid up equity share.
What percentage of Frontier Capital's voting share capital are the Acquirers offering to acquire?
The Acquirers, Mr. Prafful Agarwal and Mrs. Anupam Gupta, are offering to acquire up to 26.00% of Frontier Capital's total voting share capital.
How many equity shares are being offered for acquisition in Frontier Capital?
The open offer is for acquiring up to 43,58,163 fully paid-up equity shares of Frontier Capital.
When was the Draft Letter of Offer for Frontier Capital's open offer filed?
The Draft Letter of Offer for Frontier Capital's open offer was dated and filed on October 27, 2026.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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