BRIGADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brigade Enterprises Limited has issued a Postal Ballot Notice seeking shareholder approval for two key proposals. First, the company plans to issue bonus equity shares by capitalizing its reserves, which will increase the number of shares held by existing shareholders without any cost to them. Second, the company proposes to increase its Authorised Share Capital from Rs. 250 crore to Rs. 400 crore to facilitate this bonus issue and future capital needs. The remote e-voting period began on May 9, 2026 and will end on June 7, 2026 at 5:00 PM. The voting results will be announced by June 9, 2026. The notice was sent to shareholders via email on May 8, 2026, with May 1, 2026 as the cut-off date for determining eligible voters.
The proposed bonus shares issue is positive for existing shareholders as it increases their shareholding without requiring additional investment. The capital increase also signals the company's confidence in its financial strength and provides flexibility for future growth plans.