Brigade Enterprises Limited — Capital/Financing Update 2021

Aug 5, 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

Ref: BEL/NSEBSE/RFG32/05082021

Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051

5^th August, 2021

Department of Corporate Services - Listing BSE Limited P. J. Towers Dalal Street. Mumbai - 400 001

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

Dear Sir/Madam.

Sub: Regulation 32 - Statement of Deviation or Variation in utilisation of funds raised through Qualified Institutions Placement for the quarter ended June 30, 2021

We are enclosing herewith Statement of Deviation or Variation in utilisation of funds raised through the Qualified Institutions Placement pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended 30^th June, 2021 duly reviewed by the Audit Committee in its meeting held on 4th August, 2021.

We hereby confirm that there is no deviation or variation in utilisation of funds raised through Qualified Institutions Placement.

Kindly take the same on your records.

Thanking you,

Yours faithfully. Enterprik Brigade Limited Om Prakash

Company Secretary & Compliance Officer

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Statement of Deviation / Variation in utilisation of funds raised

Name of listed entity				Brigade Enterprises Limited
Mode of Fund Raising				Qualified Institutions Placement
Date of Raising Funds				25/06/2021
Amount Raised				Rs. 499,99,99,888
Report filed for Quarter ended				30/06/2021
Monitoring Agency				Not Applicable
Monitoring Agency Name, if applicable				Not Applicable
Is there a Deviation / Variation in use of funds raised				Not Applicable
yes, whether the same is pursuant to change in					Not Applicable
terms of a contract or objects, which was
approved by the shareholders
If Yes, Date of shareholder Approval					Not Applicable
		Explanation for the Deviation / Variation			Not Applicable
		Comments of the Audit Committee after review		Not Applicable
Comments of the auditors, if any					Not Applicable
					Objects for which funds have been raised and where there has been a deviation, in the following table
Original	Modified	Original	Modified		Funds Utilised	Amount of		Remarks
Objects	Object,	Allocation	allocation,				Deviation/Variation	if any
	if any		if any			for the quarter
						according to
The proceeds	N.A.	Rs.	N.A.		NIL**	applicable object Not Applicable		No
of the issue		491,08,99,890*						deviations
will be utilised
for various
purposes,
including but
not limited to:
(i) to invest in our
Subsidiaries
and
Associates
(either
through
equity or debt
or both);
(ii) capital
expenditure;
(iii) working capital
requirements
of the
Company;
(iv) repayment
of deht:

ENTERA

BENGALURU

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	BRIGADE
(v) general corporate	Building Positive Experiences
purposes;
and
(vi) acquisition
of land, land
development
rights or
development
rights
(directly or
indirectly)

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

*The difference between the amount raised and original allocation is due to issue related expenses of Rs. 8,90,99,998/-

** The funds raised were transferred from the escrow account to the bank account of the Company on 29^th June, 2021.

For Brigade Enterprises Limited P Om Prakash

Company Secretary & Compliance Officer