Brigade allots 8.15 crore bonus shares in 1:3 ratio; adjusts ESOPs
BRIGADE · price
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Brigade Enterprises has allotted 8,15,40,595 bonus equity shares in a 1:3 ratio (1 bonus share for every 3 held). Record date was June 17, 2026. Paid-up capital rose from Rs 244.6 crore to Rs 326.2 crore. The company also adjusted two ESOP plans, issuing 10,527 options at Rs 125 and 2,03,496 options at Rs 296.25 to offset the bonus dilution. Fractional entitlements of 51,620 shares were consolidated and allotted to a trustee company for sale and distribution of proceeds to eligible members.
Eligible members receive bonus shares credited to their accounts. ESOP exercise prices revised downward to keep employee incentives fair after the bonus. Expect the stock to trade ex-bonus.