Brigade Enterprises Limited has announced a significant land acquisition in Secunderabad, marking another strategic expansion in its residential development portfolio. The company has signed an agreement to acquire a prime 2.25-acre land parcel through outright purchase, positioning itself for substantial growth in the Telangana market.

Strategic Land Acquisition Details

The acquisition represents a carefully planned expansion into high-growth corridors, with the land parcel selected based on Brigade's stringent standards for location potential and development viability. The company disclosed this material information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Development Vision and Strategy

The acquired land parcel will be developed as a premium residential project featuring high-quality living spaces. According to Amar Mysore, Executive Director of Brigade Enterprises Ltd., this acquisition reinforces the company's commitment to delivering residential spaces that enhance the urban landscape of the region. The development will align with Brigade's strategic growth plans to expand its footprint across Telangana.

Project Features and Philosophy

The residential development will be executed in line with Brigade's established philosophy of creating holistic living environments. Key aspects of the planned development include:

• Premium living spaces designed for modern urban lifestyles
• Specifically curated selection of modern amenities
• High-quality construction standards consistent with Brigade's reputation
• Integration with the regional urban landscape enhancement goals

Company Background and Market Position

Established in 1986, Brigade Group brings close to four decades of expertise in property development across India. The company has built a strong reputation for creating positive experiences for stakeholders and maintaining customer trust. Brigade's development portfolio spans multiple sectors including residential, office, retail, hospitality, and education across major Indian cities including Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.

Strategic Significance

This Secunderabad acquisition represents Brigade's continued focus on identifying and acquiring land in high-growth corridors. The project's estimated Gross Development Value of ₹650 crores demonstrates the company's confidence in the region's real estate potential and its commitment to substantial investment in quality residential development. The strategic location and development approach align with Brigade's standards for creating landmark buildings that transform urban skylines.

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.