Brigade Enterprises Allots 8.15 Crore Bonus Shares in 1:3 Ratio; Paid-Up Capital Rises to ₹326 Cr
Brigade Enterprises Completes Bonus Share Allotment
Brigade Enterprises allotted 8,15,40,595 fully paid-up bonus equity shares at ₹10 each in a 1:3 ratio, increasing its paid-up equity share capital from ₹244,62,17,850 to ₹326,16,23,800. The Committee of Directors approved the allotment on June 18, 2026, based on a record date of June 17, 2026.
Shareholder Mandate and Approval Process
Brigade Enterprises Limited fixed June 17, 2026, as the record date for the 1:3 bonus issue, following shareholder approval through a postal ballot, with resolutions passing with over 98% majority. The approval for the bonus issue was secured through a postal ballot via remote e-voting, which concluded on June 7, 2026. KFin Technologies Limited provided the remote e-voting facility.
What the Bonus Means for Shareholders
The bonus shares rank pari-passu with existing equity shares and were allotted to members whose names appeared in the Register of Members or List of Beneficial Owners as on the record date of June 17, 2026. Under the 1:3 ratio, eligible shareholders received one new share for every three held on the record date. The bonus ratio is 1:3, meaning the shareholder's holding increases by 33.3%. If an investor owns 3 shares on the record date, the investor will receive 1 additional share at no cost, taking the holding to 4 shares.
Capital Structure Impact
The company also increased its authorised share capital from ₹250 crore to ₹400 crore, with resolutions passing with over 98% majority. This expansion of authorised capital provides headroom for potential future fundraising or corporate transactions without requiring additional shareholder approval.
The bonus capitalisation represents a transfer of reserves to the paid-up equity base rather than a cash distribution. The company's communication also notes a key tax point: bonus shares are not taxed at the time of allotment.
About Brigade Enterprises
Founded in 1995, the company is part of the Brigade Group and has a strong presence across residential, commercial, retail, hospitality, and education segments. Brigade Enterprises is a leading real estate developer focused on residential, commercial, retail, hospitality, and mixed-use projects across South India. The company has a strong land bank of around 568 acres spanning major cities including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, and Thiruvananthapuram.
Brigade Enterprises Limited is one of India's leading real estate developers, engaged in developing residential, commercial, retail, and hospitality projects across major South Indian cities. The company has delivered over 300 buildings covering more than 100 million square feet and continues to expand its presence through ongoing and upcoming developments.
Recent Strategic Moves
Brigade Enterprises Limited has successfully completed its joint venture formation with GSS India Opportunities AIF Scheme I for Vibrancy Real Estates Private Limited, with a total consideration of Rs. 439.75 crore and a 50:50 shareholding structure for developing a 2 million square feet integrated office and hotel project in Whitefield, Bangalore. This partnership reflects the company's broader push into larger, institutional-scale mixed-use developments alongside its core residential portfolio.
Additionally, the company adjusted its ESOPs, issuing 10,527 additional options under the 2017 plan and 2,03,496 under the main plan, with revised exercise prices of ₹125 and ₹296.25 respectively. The ESOP adjustments follow standard practice after a bonus allotment, maintaining the economic value of employee stock options.