Board Meeting15 Jul 2026, 07:30 pm
Brigade Enterprises Board Approves Warrant Issue, NCDs, ESOP
AI Summary
Brigade Enterprises Ltd's Board of Directors has approved a proposal for the issuance of up to 34,23,000 convertible warrants to a promoter group entity, Mysore Holdings Private Limited, at ₹526 per share, aggregating to ₹180.05 crore. These warrants are convertible into equity shares within 18 months. The board also approved the issuance of Non-Convertible Debentures (NCDs) up to ₹1500 crore on a private placement basis and a new "Brigade Employee Stock Option Plan 2026". The company also announced its 31st Annual General Meeting on August 13, 2026, and fixed August 5, 2026, as the record date for a final dividend of ₹2 per equity share for FY2025-2026.
Key Highlights
- Board approves preferential issue of 34.23 lakh warrants to promoter group.
- Warrants convertible into equity shares at ₹526 each, aggregating ₹180.05 crore.
- Company to raise up to ₹1500 crore via Non-Convertible Debentures.
- New Employee Stock Option Plan 2026 approved.
- Final dividend of ₹2 per share declared; record date August 5, 2026.
Price Impact
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