Brigade Enterprises approves ₹180 Cr warrants to promoter group
Brigade Enterprises Limited's board approved the preferential allotment of 34,23,000 warrants to promoter Mysore Holdings Private Limited at ₹526 per share, totaling ₹180,04,98,000. The warrants are convertible into equity shares within 18 months. Additionally, the board sanctioned a ₹1,500 crore NCD fundraising via private placement and introduced the 'Brigade Employee Stock Option Plan 2026'. A final dividend of ₹2 per share for FY26 was recommended, with August 5, 2026 set as the record date.
*this image is generated using AI for illustrative purposes only.
Brigade Enterprises Limited has approved the issuance of up to 34,23,000 convertible warrants to its promoter group entity, M/s. Mysore Holdings Private Limited, aggregating to ₹180,04,98,000. The company also cleared a ₹1,500 crore Non-Convertible Debenture (NCD) fundraise on a private placement basis. These decisions were taken during a board meeting held on July 15, 2026.
Convertible Warrant Issuance
The warrants are priced at ₹526 per share, comprising a face value of ₹10 and a premium of ₹516. Each warrant is convertible into one equity share, and the conversion can be exercised within 18 months from the date of allotment. The relevant date for pricing the warrants is July 14, 2026. Shareholders will consider the proposal for the issue of warrants at the 31st Annual General Meeting scheduled at 11:00 a.m. on Thursday, August 13, 2026, at the Sheraton Grand Hotel in Bangalore.
The following table details the shareholding changes post-exercise of warrants:
| Parameter: | Details |
|---|---|
| Allottee: | M/s. Mysore Holdings Private Limited |
| Pre-Issue Shares: | 83,73,557 |
| Pre-Issue Shareholding (%): | 2.57% |
| No. of Warrants to be Issued: | 34,23,000 |
| Post-Exercise Shares: | 1,17,96,557 |
| Post-Exercise Shareholding (%): | 3.58% |
NCD Issuance and ESOP Plan
The Board approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis in one or more tranches, with an aggregate amount of up to ₹1,500 crores. In addition, the company approved a new Employee Stock Option Plan titled "Brigade Employee Stock Option Plan 2026" for eligible employees.
Dividend and Record Date
The Board also recommended a final dividend of ₹2 per share for the financial year 2025-2026 on equity shares with a face value of ₹10 each. The company has fixed Wednesday, August 5, 2026 as the record date to determine shareholder entitlement for this dividend.
Historical Stock Returns for Brigade Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.38% | +4.30% | +3.10% | -11.31% | -33.40% | +118.96% |
How will the ₹1,500 crore NCD fundraise impact Brigade Enterprises' debt-to-equity ratio and overall financial leverage?
What specific projects or acquisitions does Brigade plan to finance with the proceeds from the NCD issuance?
How might the dilution of existing shareholders' equity due to the warrant conversion affect the stock's market performance?
17
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
