Brigade Enterprises Limited has informed the Exchange that the Board of Directors at its meeting held on May 06, 2026, have considered and approved bonus at the ratio of 1 : 3, i.e 1 Equity Shares for every 3 Equity Shares held.
BRIGADE · price
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Brigade Enterprises Limited's Board approved a bonus issue in the ratio of 1:3 (1 new equity share for every 3 shares held), subject to shareholder approval via postal ballot. The company also recommended a final dividend of Rs. 2 per equity share (20% on Rs. 10 face value) for FY2026, pending shareholder approval. For the year ended March 2026, consolidated revenue from operations increased to Rs. 5,69,722 lakhs from Rs. 5,07,421 lakhs in the prior year. Consolidated profit after tax grew to Rs. 72,476 lakhs from Rs. 68,047 lakhs. The Board also approved increasing authorized share capital from Rs. 250 crores to Rs. 400 crores to accommodate the bonus issue. The record date for the bonus will be communicated separately.
The bonus issue at 1:3 ratio will increase the number of shares outstanding by 33%, improving liquidity but slightly diluting EPS. The recommended dividend and strong financial performance signal company health. Shareholders should monitor for the record date announcement to be eligible for the bonus shares.