Brigade Enterprises has cancelled the preferential allotment of convertible warrants to its promoter group, M/s. Mysore Holdings Private Limited, following the entity's decision to withdraw the proposal in deference to investor sentiment. The Board of Directors approved the withdrawal during a meeting held on July 17, 2026, effectively halting the capital raise plan that was initially sanctioned to demonstrate promoter confidence.

Withdrawal of Proposed Issue

The company had previously approved the issuance of up to 34,23,000 convertible warrants, which were convertible into an equivalent number of equity shares. The issue price was set at ₹526 per share, comprising a face value of ₹10 and a premium of ₹516. The total aggregation of the proposed issue was ₹180,04,98,000. The promoter group entity, however, decided against proceeding with the subscription, citing the sentiments expressed by funds and investors as the reason for its withdrawal.

Board Approval and Compliance

The Board meeting to approve the cancellation commenced at 2.00 p.m. and concluded at 2.25 p.m. on July 17, 2026. The decision was communicated to the National Stock Exchange of India Limited and BSE Limited in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The withdrawal follows the Board's initial approval on July 15, 2026, and subsequent correspondence dated July 10 and July 15, 2026.

Brigade Enterprises Limited has fixed Wednesday, August 5, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹2 per equity share for the financial year 2025-26. The dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM), will be paid electronically on or before August 31, 2026. Shareholders must ensure their bank details and KYC are updated to receive the payout.

Thirty First Annual General Meeting

The company will hold its 31st AGM on Thursday, August 13, 2026, at 11:00 a.m. IST at the Sheraton Grand Hotel in Bangalore. The meeting will be conducted in accordance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders can participate through remote e-voting or the e-voting system during the AGM.

E-Voting and Notice Availability

An electronic copy of the Integrated Annual Report and AGM Notice will be sent to members holding shares in dematerialised form and to those holding physical shares with registered email addresses. The documents will also be available on the company’s website and the websites of BSE Limited and National Stock Exchange of India Limited. Shareholders without registered emails will receive a weblink to access the report.

Dividend and Payment Details

The Board recommended the final dividend in its meeting held on May 6, 2026. In compliance with a SEBI notification dated November 18, 2025, the dividend will be paid only via electronic transfer modes to compliant shareholders. Those with non-compliant KYC or missing bank details will receive an intimation in lieu of the dividend instrument at their registered address.