Brigade Enterprises Limited has acquired a 2-acre land parcel on Kanakapura Road in South Bengaluru to develop a premium residential project with an estimated Gross Development Value (GDV) of approximately ₹400 crore. The outright purchase, disclosed on July 29, 2026, marks a strategic expansion into one of the city’s most sought-after residential corridors. This move underscores Brigade Group’s focus on deepening its footprint in high-potential micro-markets where infrastructure development and rising homebuyer demand are converging.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The press release was issued on July 29, 2026, and submitted to the National Stock Exchange of India Limited and BSE Limited. P. Om Prakash, Company Secretary & Compliance Officer, signed off on the regulatory filing.

Project Details

Amar Mysore, Executive Director, Brigade Enterprises Limited, highlighted that Kanakapura Road has emerged as a key growth corridor driven by expanding infrastructure and improved connectivity. He noted rising demand from homebuyers seeking quality living environments with access to social infrastructure and community-centric designs. The acquisition aligns with the company's long-term residential strategy of creating communities designed for contemporary living standards.

Strategic Context

Brigade Group, established in 1986, operates across multiple sectors including Residential, Office, Retail, Hospitality, and Education. Its developments span major cities such as Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Trivandrum, and GIFT City. This latest land bank addition reinforces its pipeline of landmark developments aimed at combining design excellence with sustainable living practices.

What the Numbers Show

The ₹400 crore GDV estimate for a 2-acre plot reflects the premium positioning of the project, suggesting high ticket sizes or substantial built-up area potential consistent with the company's focus on quality over volume in prime locations. The location on Kanakapura Road — a corridor witnessing rapid infrastructural upgrades — positions the asset to benefit from strong absorption rates among affluent homebuyers.

Brigade Enterprises Limited has fixed Wednesday, August 5, 2026, as the record date to determine shareholder eligibility for the final dividend of ₹2 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board on May 6, 2026, is subject to shareholder approval at the 31st Annual General Meeting scheduled for Thursday, August 13, 2026. If approved, the payout will be made on or before Monday, August 31, 2026.

The company has detailed the tax deduction at source (TDS) provisions applicable to the dividend. Resident individual shareholders are exempt from TDS if the aggregate dividend amount during the tax year does not exceed ₹10,000. Where the Permanent Account Number (PAN) is available and valid, TDS is deducted at 10%. If a shareholder submits a valid Form 121, no TDS will be deducted. In cases where PAN is not available or is invalid, TDS will be deducted at the higher rate of 20%.

Resident non-individual shareholders, such as insurance companies, mutual funds, and Alternative Investment Funds (AIFs), must submit specific self-declarations and supporting documents to claim exemption from TDS under Section 393(1) of the Income-tax Act, 2025. For non-resident shareholders, TDS is deducted at 20% plus applicable surcharge and Health and Education Cess. These shareholders may opt for benefits under the Double Tax Avoidance Treaty (DTAA) if more beneficial by furnishing a Tax Residency Certificate (TRC) and other documents.

E-voting and AGM Details

Shareholders are provided with the facility to vote electronically through remote e-voting and e-voting during the AGM. The remote e-voting period commences on Sunday, August 9, 2026, at 9:00 a.m. IST and ends on Wednesday, August 12, 2026, at 5:00 p.m. IST. The cut-off date for determining eligibility to vote by electronic means is Wednesday, August 5, 2026. Members who have cast their vote through remote e-voting prior to the AGM may attend the meeting but shall not cast their votes again.

In compliance with SEBI regulations effective from November 19, 2025, dividend payments will be made exclusively through electronic modes such as NEFT, RTGS, or NECS. Physical dividend warrants or cheques have been discontinued. Shareholders must ensure their bank details are updated and verified with their Depository Participant to receive the payout.