Brigade Enterprises Limited — Capital/Financing Update 2021

Sep 22, 2021

Brigade Enterprises Limited

Corporate Identity Number (CIN) : L85110KA1995PLC019126 Registered Office: 29th & 30th Floor, World Trade Center Brigade Gateway Campus, 26/1, Dr. Rajkumar Road Malleswaram - Rajajinagar, Bengaluru - 560 055, India T: +91 80 4137 9200

E: enquiry@brigadegroup.com W: www.brigadegroup.com

Ref: BEL/NSEBSEINC/22092021

Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Fax Nos.: 022-26598237/38

22^nd September, 2021

Department of Corporate Services - Listing BSE Limited P. J. Towers Dalal Street. Mumbai - 400 001 Fax Nos.: 022-22722037/2039

Re.: Scrip Symbol: BRIGADE/Scrip Code: 532929

Dear Sir.

Sub: Incorportaion of a Wholly Owned Subsidiary

This is to inform that the Company has incorporated "Tetrarch Developers Limited as its Wholly Owned Subsidary.

This disclosure is pursuant to Regulation 30 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosures required pursuant to Para A of Part A of schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed.

Kindly take the same on your records.

Thanking you,

Yours faithfully, For Brigade Enterprises Limited

P. Om Rrakash

Company Secretary & Compliance Officer

$Encl.: a/a$

1. Information as required under Regulation 30 - Para A Schedule III of the Securities it ve Experiences and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as follows:

SI.	Requirement	Disclosure
No.
1.	Name of the target details entity, in brief such as size, turnover etc.	Tetrarch Developers Limited. The authorised and paid up equity share capital is Rs.1,00,00,000/- (10,00,000 equity shares of Rs. 10/- each) Since it is a newly incorporated company there is no turnover
2.	Whether the fall acquisition will within related party transaction(s) and whether promoter/ promoter group/group Companies have any interest in the Transaction	Incorporated as a Wholly Owned Subsidiary of Brigade Enterprises Limited.
3	Industry to which the entity belongs to	Real Estate Business
4	Objects and effects of acquisition	To undertake Real Estate development business
5	Brief details of any governmental or regulatory approvals required for the acquisition	The Corporate Identity Number (CIN) is U70109KA2021PLC152070 issued by Ministry of Corporate Affairs, Government of India.
6	Indicative time period for completion the of acquisition	Not Applicable
7	Price at which shares would be acquired	Rs. 1,00,00,000/- (10,00,000 equity shares of Rs.10/- each)
8	of Nature consideration	Cash
9	of Percentage shareholding / no. of shares acquired	100%

10.	brief about the entity products/line business acquired,	background Tetrarch Developers Limited is a Public Limited Companyostive Experiences incorporated and registered with the Registrar of acquired in terms of Compannies in Bengaluru, Karnataka, Ministry of Corporate of Affairs on 21st September, 2021.
	date of incorporation, history of last 3 years turnover,	The Company would undertake Real Estate development business.
	presence and any	country in which the Diclosure of turnover for last 3 years: Not Applicable as acquired entity has the Company is yet to commence operations.
	other information	significant Country of Presence: India

ENTERA E BANGALORE vh