Brigade Enterprises Limited (BEL) has announced a significant corporate restructuring move, as the National Company Law Tribunal (NCLT) has sanctioned the amalgamation of two of its subsidiaries in the facility management sector. The merger involves Tandem Allied Services Private Limited, a step-down subsidiary, and WTC Trades & Projects Private Limited, a wholly-owned subsidiary of Brigade Enterprises Limited.

Key Details of the Amalgamation

• Effective Date: The amalgamation became effective on July 21, following the filing of the NCLT order with the Ministry of Corporate Affairs (MCA).
• Share Exchange Ratio: The amalgamation terms set a share exchange ratio of 2.92:1, meaning shareholders will receive one equity share of WTC for every 2.92 equity shares held in Tandem.

Financial Snapshot

As of March 31, the financial positions of the merging entities were as follows:

Rationale and Expected Benefits

The amalgamation is aimed at achieving several strategic objectives:

1. Business Synergies: Combining the operations of both entities is expected to create synergies in the facility management sector.
2. Streamlined Corporate Structure: The merger will simplify the organizational structure of Brigade Enterprises Limited.
3. Administrative Efficiencies: Consolidation is anticipated to lead to improved administrative processes and reduced overhead costs.
4. Reduction in Inter-company Transactions: The amalgamation will eliminate the need for certain inter-company transactions, potentially leading to more streamlined operations.

Transaction Details

• The transaction is being conducted on an arm's length basis between related parties, ensuring fairness and transparency in the process.
• The amalgamation falls under the category of related party transactions, as both entities are subsidiaries of Brigade Enterprises Limited.

Regulatory Compliance

Brigade Enterprises Limited has made the necessary disclosures in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to the SEBI Circular dated July 13, 2023, regarding such disclosures.

This strategic move by Brigade Enterprises Limited reflects the company's efforts to optimize its corporate structure and enhance operational efficiency in its facility management business segment. As the real estate sector continues to evolve, such consolidations may become increasingly common as companies seek to strengthen their market positions and improve overall performance.

Brigade Enterprises , a prominent player in the Indian real estate sector, has announced a significant addition to its leadership team. The company has appointed Mr. Othayoth Palliyil Nandakumar as the Chief Operating Officer for Commercial Office Space, effective August 4, 2025.

Appointment Details

Mr. Nandakumar's appointment comes as part of Brigade Enterprises' strategy to strengthen its commercial office space division. The company disclosed this information in a regulatory filing to the National Stock Exchange of India Limited and BSE Limited, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Nandakumar brings a wealth of experience to his new role at Brigade Enterprises:

• Education: He holds a bachelor's degree in industrial engineering & management.
• Industry Experience: With over 25 years in the real estate industry, Mr. Nandakumar has established himself as a seasoned professional.
• Expertise: His extensive experience spans various crucial areas in real estate, including Sales, Leasing, Marketing, and Development of premier projects across India.

Role and Responsibilities

As the Chief Operating Officer for Commercial Office Space, Mr. Nandakumar is expected to play a pivotal role in Brigade Enterprises' commercial real estate operations. His appointment to this senior management position underscores the company's focus on strengthening its commercial office space portfolio.

Company Statement

Brigade Enterprises stated in its regulatory filing, "This is to inform you that Mr. Othayoth Palliyil Nandakumar has been appointed as Chief Operating Officer - Commercial Office Space, a Senior Management Personnel with effect from today i.e. 4th August, 2025."

The appointment of Mr. Nandakumar aligns with Brigade Enterprises' commitment to enhancing its leadership team with experienced professionals. As the real estate sector continues to evolve, particularly in the commercial office space segment, Mr. Nandakumar's extensive background is expected to contribute significantly to the company's growth and operational strategies.