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Brigade Enterprises informs about outcome of board meeting

16 Jul 2026 Evaluate
Brigade Enterprises has informed that a Meeting of the Board of Directors of the Company was held as scheduled today, July 15, 2026 and the Board took the following decisions: Board has recommended the following for the approval of the shareholders in the ensuing 31st Annual General Meeting:  Considered and approved the proposal for issuance of upto 34,23,000 (Thirty Four Lakhs Twenty Three Thousand) Convertible Warrants (Warrants) convertible into 34,23,000 (Thirty Four Lakhs Twenty Three Thousand) equity shares at Rs. 526 per share (Face Value of Rs. 10 per equity share at a premium of Rs. 516 per equity share) aggregating to Rs. 180,04,98,000 (Rupees One Hundred Eighty Crores Four Lakhs Ninety Eight Thousand only) to the promoter group entity, details of which are contained in Annexure A pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. Each warrant is convertible into 1 (one) equity share and the conversion can be exercised by the warrant holder at any time within a period of 18 months from the date of allotment of warrants as the case may be, and on such terms and conditions as may be applicable. The Warrants issue is in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018; Considered and approved issuance of Non-Convertible Debentures (NCDs) on a private placement basis in one or more tranches for an aggregate amount of up to Rs. 1500 crores (Rupees One Thousand five Hundred Crores only).

The above information is a part of company’s filings submitted to BSE.

Brigade Enterprises Share Price

554.70 -5.50 (-0.98%)
16-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 1178.10
Dilip Buildcon 407.65
Sobha 1495.15
Oberoi Realty 1864.15
Ahluwalia Contract(I 864.80
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