Brigade Enterprises Announces 1:3 Bonus Issue with Record Date Set for 17 June Brigade Enterprises, a real estate developer based in Bengaluru, has announced a bonus issue of shares to its shareholders. The company has set June 17 as the record date for the bonus issue, which will be distributed in a 1:3 ratio. This means shareholders who hold the company’s shares on the record date will receive one bonus share for every three shares they own. The decision was approved by shareholders through an e-voting process on June 7, as disclosed in a filing with the stock exchange. The bonus issue is part of the company’s capital restructuring plan, which also includes an increase in its share capital. Brigade Enterprises has approved raising its share capital from 250 crores to 400 crores, with shares now to be divided into 40 crore shares instead of the previous 25 crore. This move is expected to enhance liquidity and support the company’s growth initiatives in the real estate sector. The announcement was made following the release of the company’s Q4 results for the fiscal year ending March 2026. During that period, Brigade Enterprises had already proposed the bonus issue to its board, which was subsequently approved by shareholders. The bonus issue is significant as it marks the company’s first such offering in nearly seven years. Shareholders will need to ensure they hold the company’s shares on the record date of June 17 to be eligible for the bonus shares. The company’s shares are currently listed at a face value of 10 rupees. The bonus issue is anticipated to positively impact shareholder equity and investor sentiment, particularly in the context of the real estate market’s evolving dynamics.#real_estate #bengaluru #shareholders #bonus_issue #brigade_enterprises
