Axis Asset Management Company Limited, the investment manager of Axis Mutual Fund, has disclosed the disposal of equity shares in Brigade Enterprises Limited under regulatory compliance requirements. The transaction involved the sale of 84,700 shares representing 0.04% of the company's equity share capital on January 27, 2026.

Transaction Details

The disposal was executed through open market transactions as part of ordinary portfolio investment activities by various schemes of Axis Mutual Fund. The sale reduced Axis AMC's total holding in Brigade Enterprises from 74,03,129 shares (3.03%) to 73,18,429 shares (2.99%).

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires any acquirer holding 5% or more shares to disclose every acquisition or disposal representing 2% or more of shares within 2 working days to stock exchanges.

Scheme-wise Holdings Distribution

The disposal specifically involved shares held by Axis ELSS Tax Saver Fund, which reduced its holding from 2,36,471 shares to 1,27,039 shares. The largest holding remains with Axis Small Cap Fund at 61,54,986 shares (2.52% of Brigade Enterprises' share capital).

Company Information

Brigade Enterprises Limited maintains a total paid-up share capital of ₹244.50 crores, comprising 24,44,98,273 equity shares with a face value of ₹10 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Axis Asset Management Company Limited, incorporated under the Companies Act, 1956, operates from its registered office at One Lodha Place, Lower Parel, Mumbai. The company serves as the investment manager for Axis Mutual Fund, which is registered with SEBI under registration number MF/061/09/02.

Brigade Enterprises Limited's Nomination and Remuneration Committee has approved significant employee stock option plan (ESOP) activities, including the allotment of equity shares and granting of new stock options during its meeting held on January 29, 2026.

ESOP Share Allotment Details

The committee approved the allotment of equity shares under two separate ESOP schemes, totaling 95,191 shares. The allotment was distributed across the company's existing employee stock option plans.

Impact on Share Capital

The allotment resulted in an increase in the company's paid-up share capital. Following the ESOP share allotment, the paid-up share capital increased from Rs. 2,44,49,82,730 to Rs. 2,44,59,34,640.

New Stock Options Grant

The committee also approved the issuance of 98,564 stock options under the Employee Stock Option Plan rolled out in 2022. These options were granted to eligible employees of the group as part of the company's employee incentive program.

Regulatory Compliance

The stock option grants are in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations 2021. The exercise price of Rs. 395 per share was previously fixed by the Nomination and Remuneration Committee in its meeting held on May 11, 2022, in compliance with SEBI regulations.

The options are governed by the Brigade Employee Stock Option Plan, which received in-principle approval from stock exchanges and was approved by shareholders through a postal ballot on May 4, 2022. The granted options will vest based on performance criteria being met, with a five-year exercise window from the date of vesting for each tranche.

Meeting Details

The Nomination and Remuneration Committee meeting commenced at 3:30 p.m. and concluded at 4:35 p.m. on January 29, 2026. The company has informed both the National Stock Exchange of India Limited and BSE Limited about these developments as part of its regulatory disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.