Brigade Enterprises Announces Bonus Share Allotment and Adjusts Stock Option Plans
Brigade Enterprises Limited announced the allotment of bonus equity shares, alongside adjustments made to two of its Employee Stock Option Plans. The Committee of Directors approved these changes during a meeting held on June 18, 2026.The Company has allotted 81,540,595 fully paid up bonus equity shares at Rs. 10/- each. This allotment was made in the ratio of one bonus equity share for every three equity shares held by eligible members. The record date for this distribution was set as June 17, 2026.
Following the bonus issue, the paid-up equity share capital of the Company increased from Rs. 244,62,17,850/- to Rs. 326,16,23,800/-. The allotted bonus shares are ranked pari passu with all existing fully paid up equity shares of the Company.
Regarding fractional entitlements, 51,620 bonus equity shares were consolidated and allotted in the name of an Independent Professional Company. These specialized shares will be sold by that company as soon as possible, and the net sale proceeds will be distributed to eligible members after expenses and applicable taxes are deducted, proportionate to their fractional entitlement.
Adjustments to Brigade Employee Stock Option Plan 2017
The Committee of Directors approved adjustments related to the Brigade Employee Stock Option Plan 2017. To accommodate the bonus issue ratio, the Company sanctioned the issuance of 10,527 additional options and revised the issue price of existing options to Rs. 125.The adjustment details for this plan are as follows:
| Particulars | No of Options issued pre bonus (A) | Issue price of Options pre-bonus (B) | No. of Options to be issued post bonus (C) | Issue price of Option revision | Total Options Issued after bonus issue (E=A+C) |
|---|---|---|---|---|---|
| Plan Details | 23,63,619 | Rs. 166.67 per Option (Cum-bonus) | 10,527 | Rs. 125 | 23,74,146 |
Adjustments to Brigade Employee Stock Option Plan
Further approved by the Committee of Directors were adjustments to the 'Brigade Employee Stock Option Plan.' This adjustment involves the issue of 2,03,496 additional options and a revised issue price for the options, set at Rs. 296.25 in accordance with the bonus issue ratio.The specifics of this option plan are detailed below:
| Particulars | No of Options issued pre bonus (A) | Issue price of Options pre-bonus (B) | No. of Options to be issued post bonus (C) | Issue price of Option revision | Total Options Issued after bonus issue (E=A+C) |
|---|---|---|---|---|---|
| Plan Details | 14,32,966 | Rs. 395 per Option (Cum-bonus) | 2,03,496 | Rs. 296.25 | 16,36,462 |
BRIGADE Stock Price Movement
As of 9:54 AM, shares of Brigade Enterprises Limited are shedding value in live trading, sinking 1.67% to currently trade at ₹556.40. The stock has experienced notable intraday volatility, moving within a range established between a low of ₹550.15 and a high of ₹566.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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