Brigade enterprises has announced the completion of Ms. Lakshmi Venkatachalam's tenure as Independent Director, marking the end of her second consecutive term on the company's board. The cessation became effective on January 31, 2026, following completion of her 5-year term as mandated by regulatory requirements.

Director Tenure Completion Details

Ms. Lakshmi Venkatachalam (DIN: 00520608) served as an Independent Director for two consecutive terms totaling 10 years. Her cessation from the board is in accordance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both the National Stock Exchange of India Limited and BSE Limited, ensuring full compliance with listing requirements.

The disclosure follows the format prescribed under Para A of Part A of Schedule III and SEBI circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. Company Secretary & Compliance Officer P. Om Prakash signed the regulatory filing on behalf of Brigade Enterprises Limited.

Board Recognition

The Board of Directors and Management have formally acknowledged Ms. Venkatachalam's contributions during her tenure. The company has placed on record its appreciation for the valuable contribution and guidance provided by her during her association with Brigade Enterprises.

The cessation represents a natural conclusion to the maximum permissible tenure for Independent Directors under current regulatory framework. The information has been made available on the company's official website at www.brigadegroup.com for stakeholder reference.

Brigade Enterprises Limited announced its unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2025, alongside significant leadership and governance changes approved by the Board of Directors on January 30, 2026.

Financial Performance Overview

The company reported strong consolidated financial performance for Q3FY26, with revenue from operations reaching ₹1,57,511 lakhs compared to ₹1,46,394 lakhs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹20,583 lakhs, with ₹18,652 lakhs attributable to owners of the holding company and ₹1,931 lakhs to non-controlling interests.

For the nine months ended December 31, 2025, consolidated revenue from operations increased to ₹4,23,962 lakhs from ₹3,61,382 lakhs in the corresponding period of the previous year, representing a growth of 17.32%.

Segment-wise Performance

The company's business segments showed varied performance during the quarter:

The leasing segment demonstrated the strongest growth at 19.26%, while real estate and hospitality segments also posted positive growth rates.

Leadership Transition

The Board approved significant changes in the company's leadership structure. Yogesh Patel has been appointed as Chief Financial Officer and Key Managerial Personnel effective February 2, 2026, based on recommendations from the Nomination & Remuneration Committee and Audit Committee approval.

Yogesh Patel brings over 25 years of finance experience, including 10 years in CFO roles with listed companies. His expertise spans corporate finance, M&A, risk management, and organizational transformation. He previously worked with Tata Advanced Systems Ltd, Mahindra Logistics Ltd, Healthcare Global Enterprises Limited, and other prominent organizations.

Auditor Appointments

The company strengthened its governance framework by appointing new auditors for the financial year 2026-27:

Deloitte Touche Tohmatsu India LLP, established as a Limited Liability Partnership since October 1, 2015, is recognized as one of India's leading professional services firms. Murthy & Co. LLP, established in 2012, specializes in cost audit, management audit, and indirect tax compliance across multiple sectors.

Board Committee Reconstitution

Following the completion of Ms. Lakshmi Venkatachalam's second term as Independent Director on January 31, 2026, the Board reconstituted several committees including Risk Management Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee with new member compositions and leadership structures.

Exceptional Items and Legal Matters

The company reported exceptional items of ₹1,910 lakhs in the consolidated results, primarily related to the impact of new Labour Codes notified on November 21, 2025. The company continues to monitor developments regarding Central/State Rules and government clarifications on various aspects of the Labour Codes.

Additionally, the company disclosed ongoing legal proceedings including a Public Interest Litigation filed in the Madras High Court regarding a residential project in Chennai, and an Income Tax survey conducted in December 2025 at various business premises.