Brigade Enterprises Limited has announced a strategic joint venture partnership with GSS India Opportunities AIF Scheme I to develop a premium mixed-use project in Whitefield, Bangalore. The agreement, formalized through a Securityholders Agreement and Securities Subscription Agreement on April 26, 2026, marks a significant expansion in the company's development portfolio.

Joint Venture Structure and Investment Details

The partnership involves both entities subscribing to securities of Vibrancy Real Estates Private Limited (VREPL), currently a wholly owned subsidiary of Brigade Enterprises. The investment structure demonstrates a balanced approach to risk and ownership:

GSS India Opportunities AIF Scheme I operates as a SEBI registered Category II Alternative Investment Fund, with Bain Capital Advisors (India) Private Limited serving as the fund manager. This partnership brings institutional expertise and capital to the development project.

Project Specifications and Development Plans

VREPL holds 11.04 acres of prime land in Whitefield, Bangalore, strategically positioned for commercial development. The project scope includes:

• Total Development Area: Approximately 2 million square feet
• Project Components: Grade A office space and 5-star hotel
• Development Type: Integrated mixed-use complex
• Location Advantage: Prime Whitefield area with excellent connectivity

The integrated development approach aligns with current market demand for mixed-use projects that combine commercial office space with hospitality facilities, creating synergies between different business segments.

Corporate and Regulatory Framework

VREPL was incorporated on February 21, 2022, as a private limited company under the Companies Act, 2013. The company's financial structure includes:

The transaction qualifies as a related party transaction since VREPL is currently Brigade's wholly owned subsidiary. However, the securities allotment will be conducted at arm's length based on valuation reports obtained in accordance with applicable laws and regulations.

Transaction Timeline and Completion

The partnership agreement includes specific timelines for implementation. Subject to completion of standard corporate-secretarial conditions, the allotment of shares is expected to be completed within approximately one week from April 26, 2026. The consideration structure involves cash payments for equity shares, optionally convertible debentures, and optionally convertible redeemable preference shares, with valuations determined by registered valuers.

This joint venture represents Brigade Enterprises' continued focus on premium commercial and hospitality developments in key growth corridors of Bangalore, leveraging institutional partnerships to enhance project execution capabilities and market reach.

Brigade Enterprises announced the signing of a Joint Development Agreement for an 8.63-acre parcel in Gunjur, East Bengaluru, through an official regulatory filing under Regulation 30. This strategic agreement unlocks the development potential for a much larger 39-acre integrated residential township in the coveted Whitefield-Sarjapur corridor.

Regulatory Filing and Project Details

The company formally disclosed the material information to stock exchanges, highlighting the significance of this development milestone. The comprehensive project represents a substantial investment opportunity with significant financial implications for the real estate developer.

Strategic Land Assembly Approach

The company is employing a comprehensive land acquisition strategy to secure the entire township footprint. The overall land assembly for the township is being undertaken through a combination of outright purchase and joint development agreements. The execution of this 8.63-acre JDA represents a critical trigger for progressing the larger master-planned development, demonstrating Brigade's methodical approach to large-scale project development.

Management Commentary and Vision

Pavitra Shankar, Managing Director of Brigade Enterprises Limited, emphasized the strategic importance of the Whitefield-Sarjapur corridor. She highlighted that the area continues to be one of Bengaluru's most compelling micro markets and residential growth corridors, driven by infrastructure expansion, connectivity, and strong employment catchments.

The managing director outlined the company's vision for the township, stating that it will reflect Brigade's focus on quality, scale, and long-term liveability. The development will feature:

• Multi-generational residential offerings
• Senior living spaces
• Thoughtfully planned amenities
• Convenience infrastructure
• Cohesive, future-ready residential ecosystem

Market Positioning and Compliance

This announcement reinforces Brigade Group's continued confidence in Bengaluru's residential market and its strategy of building large, integrated, high-quality residential communities in the city's key growth corridors. The formal regulatory disclosure under Regulation 30 underscores the material significance of this development for the company's growth trajectory.

The signing of this JDA strengthens the company's residential pipeline in East Bengaluru and positions it to capitalize on the growing demand in one of the city's most dynamic residential markets, while maintaining full compliance with regulatory disclosure requirements.