Brigade Enterprises Allots 8.15 Crore Bonus Shares; Shares Down 1.5%

Mumbai, June 18: Brigade Enterprises Ltd has completed the allotment of bonus shares approved by shareholders earlier this year, formally issuing more than 8.15 crore equity shares in a 1:1 ratio.

The real estate developer informed exchanges that its Committee of Directors approved the allotment of 8,15,40,595 fully paid-up bonus equity shares of ₹10 each. Shareholders holding one equity share as of the June 17 record date received one additional share for every share held.

Following the allotment, Brigade’s paid-up equity share capital has increased from ₹244.62 crore to ₹326.16 crore.

A small portion of bonus shares relating to fractional entitlements could not be distributed directly. The company said 5,160 such shares have been consolidated and will be sold in the market, with the net proceeds to be distributed among eligible shareholders in proportion to their fractional holdings.

ESOP Plans Reworked After Bonus Issue

Alongside the bonus allotment, Brigade also adjusted its employee stock option schemes to ensure employees are not disadvantaged by the increase in the number of shares.

Under the Brigade Employee Stock Option Plan 2017, the company approved the issuance of 10,527 additional options, while reducing the exercise price from ₹166.67 to ₹125 per option.

A separate adjustment was carried out for another stock option pool, where 2,03,496 additional options were issued and the exercise price was revised from ₹395 to ₹296.25.

These revisions are standard practice after bonus issues because the increase in share capital alters the economics of existing stock options. Without such adjustments, employees would effectively see the value of their options diluted.

Stock Market Snapshot

As of 10:12 AM IST on June 18, 2026, Brigade Enterprises share price was trading at ₹557.25, down ₹8.60 or 1.52% from the previous close.

The decline suggests the market had already factored in the bonus issue, which was announced earlier and approved by shareholders through a postal ballot process. Since bonus shares do not change the underlying value of the business, price movements typically depend more on broader market sentiment and business fundamentals than on the allotment itself.

About Brigade Enterprises

Brigade Enterprises is one of South India’s largest listed real estate developers, with projects spanning residential, commercial, retail and hospitality segments. The Bengaluru-headquartered company has a significant presence across key southern markets and has steadily expanded its commercial office and mixed-use development portfolio over the past decade.

Conclusion

The completion of Brigade’s 1:1 bonus issue marks the final step in a corporate action that effectively doubles the number of shares held by eligible investors. While the allotment itself does not alter the company’s fundamentals, the higher share base and corresponding ESOP adjustments ensure capital structure and employee incentives remain aligned after the bonus issuance.

Source:

• https://www.nseindia.com/get-quote/equity/BRIGADE/Brigade-Enterprises-Limited
• https://nsearchives.nseindia.com/corporate/BRIGADE_18062026095544_CODoutcome18062026final.pdf