Brigade Enterprises Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
BRIGADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brigade Enterprises reported strong full-year performance with consolidated revenue from operations of Rs 5,69,722 lakhs, up 12.3% from Rs 5,07,421 lakhs in the previous year. Profit after tax grew to Rs 72,476 lakhs versus Rs 68,047 lakhs year earlier. The Board recommended a final dividend of Rs 2 per equity share (20% on Rs 10 face value), subject to shareholder approval at the 31st AGM. Additionally, the Board approved issue of bonus equity shares in 1:3 ratio (1 bonus share for every 3 shares held) and increase in authorized share capital from Rs 250 crore to Rs 400 crore, with corresponding amendment to Memorandum of Association - both requiring shareholder approval via Postal Ballot.
The bonus share issue and dividend recommendation are positive signals for shareholders, expanding shareholding base through the 1:3 bonus issue while rewarding existing shareholders with a 20% dividend. The expansion of authorized capital provides headroom for future fund-raising or expansion activities.