Brigade Enterprises Allots Bonus Shares, Adjusts ESOPs

Brigade Enterprises Ltd has approved the allotment of 8,15,40,595 bonus equity shares in a 1:3 ratio, increasing its paid-up capital to Rs. 326,16,23,800. The company also adjusted its Employee Stock Option Plans (ESOPs) to account for the bonus issue, issuing additional options and revising exercise prices. For the Brigade Employee Stock Option Plan 2017, 10,527 additional options were issued with a revised price of Rs. 125. For the 'Brigade Employee Stock Option Plan', 2,03,496 additional options were issued with a revised price of Rs. 296.25. Fractional shares were consolidated and will be sold, with proceeds distributed to eligible members.