Board Meeting15 Jul 2026, 07:20 pm
Brigade Enterprises Board Approves Warrant Issue, NCDs, and ESOP Plan
AI Summary
Brigade Enterprises Ltd's Board of Directors met on July 15, 2026, approving several key proposals for shareholder consideration at the upcoming 31st Annual General Meeting. The board recommended the issuance of up to 34,23,000 convertible warrants to the promoter group at ₹526 per share, aggregating ₹180.05 crores. Additionally, the company plans to issue Non-Convertible Debentures (NCDs) up to ₹1500 crores on a private placement basis. A new "Brigade Employee Stock Option Plan 2026" was also approved. The 31st AGM is scheduled for August 13, 2026, with a record date of August 5, 2026, for a final dividend of ₹2 per equity share for FY 2025-2026.
Key Highlights
- Board approved issuance of 34.23 lakh warrants to promoter group.
- Warrant issue aims to raise ₹180.05 crores at ₹526 per share.
- Company plans to raise up to ₹1500 crores via NCDs.
- New 'Brigade Employee Stock Option Plan 2026' approved.
- Final dividend of ₹2 per share declared; record date Aug 5.
Price Impact
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