Brigade Enterprises Limited — Capital/Financing Update 2021

Jun 25, 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/NSEBSE/CODO1/25062021

25^th June, 2021

The National Stock Exchange of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex Bandra (East) Mumbai 400 051 Company symbol: BRIGADE

BSF Limited Department of Corporate Services Floor 25, Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Security code no.: 532929

Sub: Qualified institutions placement of equity shares of face value $\bar{x}$ 10 each (the "Equity Shares") by Brigade Enterprises Limited (the "Company") under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations"), and Sections 42 and 62 of the Companies Act, 2013, as amended, including the rules made thereunder (the "Issue").

Dear Sir/Madam.

Please note that the Committee of Directors ("Committee") has, at its meeting held today i.e. June 25, 2021, approved the allotment of 1,86,56,716 Equity Shares to eligible qualified institutional buyers at the issue price of ₹ 268/- per Equity Share (including a premium of ₹ 258/per Equity Share) aggregating to ₹ 499.99.99.888 (Rupees four hundred and ninety nine crores ninety nine lakhs ninety nine thousand eight hundred and eighty eight only), pursuant to the Issue and which takes into account a discount of 3.07%(i.e. (i.e. ₹ 8.50 per Equity Share) to the floor price of ₹ 276.50 per Equity Share.

The Issue opened on June 21, 2021 and closed on June 25, 2021 and the same was intimated to you through our letters dated June 21, 2021 and June 25, 2021, respectively.

Further, find attached herewith the list of allottees who have been allotted more than five percent (5%) of the Equity Shares offered in the Issue, marked as Annexure A.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from ₹ 210,95,94,980 consisting of 210959498 Equity Shares of the face value of ₹10/- each to ₹ 229,61,62,140 consisting of 229616214 Equity Shares of the face value of ₹10/- each. The shareholding pattern of the Company, before and after the QIP, will be submitted along with listing application in the format specified in Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Requlations, 2015, as amended. ("SEBI Listing Regulations").

NTER BENGALURU 560 055

The meeting of the Committee commenced at 10.00 p.m. and concluded at 10.55 p.m.

We request you to take the above on record and the same be treated as compliance under the applicable provisions of the SEBI Listing Regulations.

Thanking you,

Yours faithfully, For Brigade Enterprises Limited P Om Prokash

Company Secretary & Compliance Officer

Encl: (i) Annexure A

LIST OF ALLOTTEES WHO HAVE BEEN ALLOTTED MORE THAN 5o/o OF THE EQUITY SHARES OFFERED IN THE ISSUE

S. No.	Nome of the Allottees	No. of Equity Shares Allotted	% of Total Issue Size
1.	GOLDMAN SACHS INDIA LIMITED	14, 17, 910	7.60
2.	SBI LARGE & MIDCAP FUND	16, 79, 104	9.00
3.	SBI CONTRA FUND	16, 79, 105	9.00
4.	ICICI PRUDENTIAL FOCUSED EQUITY FUND	13, 43, 283	7.20
5.	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUND	21, 63, 180	11.59
6.	NIPPON LIFE INDIA TRUSTEE - LTD A/C NIPPON INDIA SMALL CAP FUND	14, 92,537	8.00
7.	ABU DHABI INVESTMENT AUTHORITY - BEHAVE	11, 19, 402	6.00
8.	UTI - VALUE OPPORTUNITIES FUND	9, 76, 545	5.23