Bengaluru-based real estate developer Brigade Enterprises has fixed June 17, 2026 as the record date for its bonus issue in the ratio of 1:3, which has now received overwhelming shareholder approval. According to an exchange filing released on Monday, the company announced that its shareholders approved the issue of bonus shares through postal ballot by way of e-voting on June 7, 2026. Only those shareholders who own shares of the real estate company in their demat accounts as on the record date will be eligible to receive the bonus shares. The bonus shares will be allotted on June 18, 2026, with trading commencing on the next working day thereafter in accordance with SEBI circular no. CIR/CFD/PoD/2024/122 dated September 16, 2024. As per Angel One, the announcement has been made public through the company's official communication channels, with the information also available on Brigade Enterprises' website ensuring transparency for all stakeholders.
The bonus issue announcement has positively impacted Brigade Enterprises share price, with the stock trading at ₹653.00 as of June 9, 2026, representing a 1.53% increase from the previous closing price. According to Angel One, this surge reflects investor confidence in the company's commitment to rewarding shareholders through the bonus equity shares distribution. The set record date and bonus ratio provide clarity on the distribution process, ensuring eligible members receive their due shares in accordance with applicable laws and regulations.
Earlier in May, Brigade Enterprises announced its first bonus issue in around seven years, coinciding with the release of its Q4 results. The company had said that its board has approved the plan to issue one bonus share with a face value of ₹10 each for every three shares held in the company as on the record date. The company approved the plan to increase its share capital from ₹250 crore, divided into 25 crore shares, to ₹400 crore, divided into 40 crore shares. The company plans to capitalise a sum not exceeding ₹81,54,05,950 out of free reserves and/or the securities premium account for the bonus issue. As per Angel One, the bonus equity shares will be credited to eligible members whose names appear in the register of members or the register of beneficial owners as on the record date.
The shareholder approval process demonstrated exceptional support, with resolutions passing with over 98% majority. As per the latest voting results, 227,111,266 votes were cast in favour of increasing authorised share capital, while 2,837,445 votes were against, representing 98.7661% approval. Similarly, 227,236,910 votes were cast in favour of issuing bonus equity shares, with 2,711,724 votes against, achieving 98.8207% approval. A total of 157,166 shareholders were eligible to participate in the voting process as on the cut-off date of May 1, 2026. The promoter and promoter group cast 100,542,777 votes in favour of both resolutions, while public institutions and non-institutions participated significantly with 98,566,845 votes and 30,839,089 votes respectively.
In the longer term, the shares of the company gained 18% in three years and 140% in five years. Along with the Q4 results and bonus issue, Brigade Enterprises also announced a final dividend of ₹2 per equity share for the financial year 2026. However, recent trading performance shows mixed results, with the stock declining 14.54% in one month and 24.71% in six months, though it has gained 132.01% over one year. The company currently has a market capitalisation of more than ₹15,862 crore.
