Postal Ballot Notice and Calendar of Events
BRIGADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brigade Enterprises Ltd is seeking shareholder approval via postal ballot for two ordinary resolutions. First, to increase the Authorised Share Capital from Rs. 250 crore to Rs. 400 crore, enabling future headroom for equity raises or bonuses. Second, a bonus issue in the ratio of 1:3 (1 new equity share for every 3 shares held), capitalising up to Rs. 81.54 crore from free reserves and/or securities premium account. The company cites its consistent financial growth and the upcoming 40th anniversary of operations (October 2026) as context. The paid-up capital currently stands at Rs. 244.59 crore (24.46 crore shares of Rs. 10 each). Remote e-voting opens May 9, 2026 and closes June 7, 2026, with results expected by June 9, 2026.
Approval of the bonus issue will increase the number of shares held by each investor by 33.3% at no cost, providing direct value to shareholders. The enlarged authorised capital also signals the company's preparedness for future capital-raising or expansion activities.