BSECompany Update1d ago · 13 Oct 2026, 04:25 pm
Srujan Alpha Capital Advisors LLP ("Manager to the Offer") has submitted to BSE a copy of Public Announcement for the attention of the public shareholders of Frontier Capital Ltd ("Target Company") under Regulation 3(1) and Regulation 4 read with Regulation 13, 14 and 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amended thereof.
Frontier Capital Ltd · 508980
✦ AI SummaryFundraise
Frontier Capital Ltd has received a public announcement for an open offer by Mr. Prafful Agarwal and Mrs. Anupam Gupta to acquire up to 43,58,163 shares, representing 26% of the total voting share capital, at ₹10.20 per share.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Frontier Capital Ltd - 508980 - Public Announcement - Open Offer
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‘x SRUJAN ALPHA
it o, | CAPITAL ADVISORS
Date: October 13, 2026
The Manager
BSE Limited
P. J. Towers, Dalal Street,
Mumbai - 400001
Dear Sir/ Ma’am,
Sub: Open offer to acquire up to 43,58,163 representing 26% of the total voting share capital of
Frontier Capital Limited (the “Target Company”) by Mr. Prafful Agarwal and Mrs.
Anupam Gupta (“Acquirers™) ata price of ¥10.20/- per fully paidu p shares
‘We would like to inform you that Mr. Prafful Agarwal and Mrs. Anupam Gupta (“Acquirers”) has
announced an Open Offer for acquisition up to 43,58,163 (Forty Three Lakh Fifty Eight Thousand One
Hundred And Sixty Three) fully paid-up equity shares of face value of ¥10/- (Rupees Ten Only) each
(“Equity Shares”), representing 26.00% of the total equity and voting share capital of Frontier Capital
Limited (“Target company”) on a fully diluted basis (“Equity and voting share capital”), from the
Public Shareholders of the Target company for cash at a price of ¥10.20/- (Rupees Ten and Twenty
paise only) per Equity Share (“Offer Price”).
The Open Offer is being made pursuant to and in compliance with Regulation 3(1) and 4 of the
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations,
2011 and subsequent amendments thereto (the “SEBI (SAST) Regulations”)
In accordance with the provisions of Regulation 12 (1) of the SEBI (SAST) Regulations, we, Srujan
Alpha Capital Advisors LLP, have been appointed as the Manager to the Open Offer (“Manager to the
Open Offer”) and as required under Regulation 14(1) of the SEBI (SAST) Regulations
We are enclosing herewith a copy of the Public Announcement dated October 13, 2026 in relation to
the Open Offer submitted to Securities and Exchange Board of India and the Target Company.
We request you to kindly upload the Public Announcement on your website.
Thanking you,
For Srujan Alpha Capital Advisors LLP
Jinesh Doshi
Designated Partner
Encl: As above
SRUJ, \'] Corp. Off. : 1814/1815, 9, Business Bay, Mindspace, Chincholi Bunder Road,
AN ALPHA CAPITAL ADVISORS LLP Malad (West), Mumbai 400064, Maharashtra. www.srujanalpha.com
SEBI Reg. Cat. | Merchant Banker 405, Crystal Mall, Sawai Jai Singh Highway, Bani Park, Jaipur - 302 016 | LLP Identification No.: AAW-1680
Merchant Banking | Valuation | Corporate Advisory | Regd. OFf. : 1124, st Floor, Arun Bazar, S. V. Road, Malad (W), Mumbai - 400 064 SEBI Registration No.: INM000012829