Brigade Enterprises Ltd

CP issuance details

• Issuance of commercial paper (CP) for Rs 200 crore.
• ISIN INE791I14020; instrument: commercial paper.
• Face value per security Rs 5,00,000; total issue Rs 200 crore.
• Tenure 360 days; maturity 24 September 2027.
• Allotment date 29 September 2026; listing on BSE Limited.
• Discount rate 7.48%; coupon/interest paid at maturity.
• No collateral or security over assets.
• Issued in favour of Kotak Mahindra Bank Limited.
• Credit rating ICRA A1+.

Brigade Enterprises Limited trading window closed from Oct 01, 2026 up to 48 hours after the declaration of financial results for the second quarter and half year ending Sep 30, 2026

Target overview

• Target: Celebrations Development Company Private Limited, formerly BCV Real Estates Private Limited.
• Nature: private limited, step-down subsidiary; turnover NIL as of 31 Mar 2026.
• Acquisition: 100% equity stake; cash consideration Rs 10 lakh.
• Rationale: to undertake real estate development projects; aligns with Brigade's real estate focus.
• Timeline: completed September 25, 2026.
• Regulatory: not applicable.
• Related party: inter-company; arm's length; promoter group may have stake, if any.
• Background: incorporated May 4, 2022; operations in India; turnover NIL historically.

Meeting Details

• Date: Monday, September 28, 2026; time not specified.
• Type and mode: One-on-one; virtual.
• Event: Virtual India Property Seminar organised by Morgan Stanley.
• Company participant: Company Secretary & Compliance Officer.
• Purpose: Analyst/institutional investor meeting.

GST Show Cause Notice

• Show cause notice under GST Act 2017 received, detailing revenue differences and ITC disputes.
• Dispute includes alleged excess ITC and short reversal for exempted turnovers.
• SCN issued in gross violation of natural justice; no submission opportunity provided.
• Company will submit responses within the stipulated timelines; no financial impact currently.
• No material impact on operations or finances anticipated at this stage.

Meeting Details

• Date: Sep 23, 2026; Time: not disclosed.
• Type: One-on-one
• Mode: Physical
• Event/organiser: SBI Mutual Fund

Participants

• Company Secretary & Compliance Officer (key participant).

Purpose

• One-on-one investor meeting with SBI Mutual Fund.

ESG rating update

• Independent 68 ESG score by SEBI-registered Niche99 Ratings, based on public disclosures (not engaged by Brigade).

Meeting Details

• Date: Friday, September 18, 2026; time not disclosed.
• Type and mode: one-on-one; physical meeting.
• Organizer: Tusk Investments.
• Company participant: Company Secretary & Compliance Officer.
• Purpose: Analysts/Institutional Investor meeting schedule disclosure.

Target entities and capitalization

• Celebrations Property Private Limited, India real estate developer; authorized Rs 10 cr, subscribed Rs 1 cr.
• Tetrarch Estates Private Limited, India real estate developer; authorized Rs 10 cr, subscribed Rs 1 cr.
• 100% equity subscribed; cash consideration Rs 1 crore per subsidiary.
• Purpose: undertake real estate development projects.
• Regulatory approvals: not applicable.
• Indicative completion timeline: not specified.
• Incorporation date: Sept 1, 2026; no turnover yet.
• Country of presence: India.

Meeting Details

• Date: Wednesday, 02 September 2026
• Type: One-on-one
• Mode: Physical in Mumbai
• Investor: HDFC Mutual Fund
• Organizer: Brigade Enterprises Ltd (Analyst/Investor Meet)

Participants

• Company: Company Secretary & Compliance Officer

Purpose

• Purpose: Investor interaction and meeting schedule disclosure

Additional Notes

• Schedule subject to change or cancellation