General Updates

Ref: BEL/NSEBSE/SCN/24092026 September 24, 2026 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers Bandra Kurla Complex Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Re.: Scrip Symbol: BRIGADE/ Scrip Code: 532929 Dear Sir/ Madam, Sub: Disclosure under Regulation 30 read with Para B of part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 We would like to inform you that the Company has received a show cause notice (SCN) under section 73(1) of the Central/Karnataka Goods and Services Tax Act, 2017 r/w rule 142(1)(a) of the Central/Karnataka Goods and Services Tax Rules, 2017 & section 20 of the Integrated Goods and Services Tax Act, 2017 In terms of SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 as amended read with Regulation 30 of the (Listing Obligations and Disclosure Requirements) Regulations, 2015, SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025 and Industry Standards note on Regulation 30 of SEBI LODR Regulations, the information required to be disclosed to the stock exchanges is given under the Annexure - 1. This is also hosted on the Company’s website at www.brigadegroup.com Kindly take the same on records. Thanking You, Yours faithfully, For Brigade Enterprises Limited P. Om Prakash Company Secretary & Compliance Officer Encl: As above Annexure -1 S. No. Particular Details 1. Brief details of litigation/ dispute viz. The Company has received a show cause notice under name(s) of the opposing party, court/ section 73(1) of the Central/Karnataka Goods and tribunal/agency where litigation is Services Tax Act, 2017 r/w rule 142(1)(a) of the filed, brief details of dispute/litigation; Central/Karnataka Goods and Services Tax Rules, 2017 & section 20 of the Integrated Goods and Services Tax Act, 2017. The details of the dispute are: a) The arbitrary tax proposal made on the revenue differences between financials statements and GST returns including notional incomes as per accounting standards. b) Alleged excess availment of ITC in the returns in comparison with the ITC available in the electronic GST reports. c) Alleged short reversal of ITC attributable to exempted turnovers declared in the returns. Note: This notice was served in gross violation of the principles of natural justice. The Show Cause Notice (SCN) was issued without providing a reasonable opportunity for filing suitable submissions. 2. Expected financial implications, if any, The SCN has no merits and the Company will make the due to compensation, penalty etc.; necessary submissions before concerned GST Authorities within the stipulated timelines. There is no impact on financial, operational or other activities of the Company due to this SCN. 3. Quantum of claims, if any; Not Applicable