On 29 January 2015
Frontier Leasing & Finance announced that the Allotment Committee of the Company in its meeting held on 29 January 2015, has issued and allotted 12,000 0.010% Non Convertible Redeemable Preference Shares (NCRPS) of Rs. 1,000/- each for cash at par to Inimitable Capital Finance, promoter of the Company in compliance with the provisions of Section 42 of the Companies Act, 2013 and Rule 14(1) of the Companies (Prospectus and Allotment of Securities) Rules, 2014.After this allotment, the issued and paid capital of the Company is increased from Rs. 24,50,000/- divided into 2,45,000 Equity Shares of the Rs. 10/- to Rs. 1,44,50,000/- divided into 2,45,000 Equity Shares of the Rs. 10/- and 12,000 0.010% Non Convertible Redeemable Preference Shares (NCRPS) of Rs. 1,000/- each.
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