Brigade Enterprises has allotted 8,15,40,595 fully paid-up bonus equity shares at ₹10 each in a 1:3 ratio, increasing its paid-up equity share capital from ₹244,62,17,850 to ₹326,16,23,800. The allotment was approved by the Committee of Directors on June 18, 2026, following shareholder approval via postal ballot on June 7, 2026. The bonus shares rank pari-passu with existing equity shares and were allotted to members whose names appeared in the Register of Members or List of Beneficial Owners as on the record date of June 17, 2026.

The Committee also approved the issue of additional options and a revision in prices under the Brigade Employee Stock Option Plan 2017 and the Brigade Employee Stock Option Plan to align with the bonus issue ratio. Fractional entitlements totaling 51,620 bonus shares were consolidated and allotted to an Independent Professional Company, which will sell them and distribute the net proceeds to eligible members after deducting expenses and taxes.

Adjustments to Employee Stock Option Plans

Under the Brigade Employee Stock Option Plan 2017, the company issued 10,527 additional options and revised the exercise price to ₹125 per option. The total number of options issued post-bonus stands at 23,74,146. For the Brigade Employee Stock Option Plan, 2,03,496 additional options were issued, and the exercise price was revised to ₹296.25 per option, bringing the total options issued to 16,36,462.

The vesting schedule for the newly issued options remains aligned with the original grants, and the options can be exercised within five years from the date of vesting. The adjustments were made in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.

Brigade Enterprises has received a significant regulatory setback as the State Environment Impact Assessment Authority revoked the Environmental Clearance (EC) previously granted to the company for its 'Brigade Morgan Heights' residential project located in Chennai.

Regulatory Action

The revocation of the Environmental Clearance by the State Environment Impact Assessment Authority is a formal regulatory measure with direct implications for the progress of the concerned project. The key details of this development are outlined below:

Impact and Significance

The withdrawal of the Environmental Clearance represents a material regulatory development for Brigade Enterprises. Environmental Clearances are mandatory approvals required for the execution of qualifying projects, and their revocation can have direct consequences for the continuity or timeline of the affected undertaking. The revocation specifically pertains to the 'Brigade Morgan Heights' residential project in Chennai. Further details regarding the specific grounds cited for the revocation have not been disclosed in the available information.