Brigade Enterprises Limited has informed the Exchange regarding Notice of Postal Ballot
BRIGADE · price
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Brigade Enterprises Limited is seeking shareholder approval via postal ballot for two resolutions. First, to increase the Authorised Share Capital from Rs. 250 crores to Rs. 400 crores to accommodate future capital needs for projects and business expansion. Second, to issue bonus equity shares in a 1:3 ratio (1 bonus share for every 3 shares held), capitalising Rs. 81.54 crore from free reserves/securities premium account. The bonus issue commemorates Brigade Group's 40th anniversary in October 2026. The current paid-up capital is Rs. 244.59 crore with 24.46 crore shares of Rs. 10 each. E-voting runs from May 9, 2026 to June 7, 2026, with results expected by June 9, 2026.
If approved, shareholders will receive 1 bonus share for every 3 shares held, increasing their total shareholding at no additional cost. The capital increase provides headroom for future fund-raising and expansion activities.