BSECompany Update3d ago · 4 Nov 2026, 11:13 pm

Execution of Agreement

Brigade Enterprises Ltd · 532929

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Brigade Enterprises Ltd has entered into an Investment Framework Agreement with International Finance Corporation (IFC) to invest in eligible middle income housing projects. Venusta Ventures Private Limited, a wholly owned subsidiary of BEL, will issue unsecured, rated, redeemable, rupee-denominated non-convertible debentures to IFC, which will be listed on the wholesale debt market segment of BSE.

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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Brigade Enterprises Ltd - 532929 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

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Ref: BEL/NSEBSE/AGR/04112026 November 4, 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: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Execution of Agreement: We would like to inform that the Company – Brigade Enterprises Limited (‘BEL’) has entered into an Investment Framework Agreement with International Finance Corporation (‘IFC’), pursuant to which the Company and IFC have agreed to invest in eligible middle income housing projects. Pursuant to the Investment Framework Agreement and in accordance with related transaction documents (including upon fulfilment of agreed conditions precedents), Venusta Ventures Private Limited (a wholly owned subsidiary of BEL) proposes to issue unsecured, rated, redeemable, rupee-denominated non-convertible debentures, in one or more tranches, to IFC that are proposed to be listed on the wholesale debt market segment of BSE. The disclosures pursuant to Regulation 30, read with Para A of Part A of schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, relating to the aforesaid disclosure is enclosed as Annexure The above information is also hosted on the website of the Company at www.brigadegroup.com. Kindly take the same on your records. Thanking You, Yours faithfully, For Brigade Enterprises Limited P. Om Prakash Company Secretary & Compliance Officer Annexure A Information as required under Regulation 30 – Para A of Part A Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are as follows: SI. No. Particular Disclosure 1. Name(s) of parties with whom the  Brigade Enterprises Limited (BEL) agreement is entered  Venusta Ventures Private Limited, Wholly Owned Subsidiary of BEL  International Finance Corporation (IFC) 2. Purpose of entering into the agreement To record the agreement of the Company and IFC towards investment in the construction and development of eligible residential projects, including for development of a project by Venusta Ventures Private Limited 3. Shareholding, if any, in the entity with Venusta Ventures Private Limited is a wholly whom the agreement is executed owned subsidiary of BEL. International Finance Corporation is a financial investor and does not (and will not) hold any shares in Venusta Ventures Private Limited consequent to the current arrangement. 4. Significant terms of the agreement (in International Finance Corporation will have brief) special rights like right to appoint rights that are customarily provided to lenders, directors, first right to share subscription including the right to appoint a director in in case of issuance of shares, right to Venusta Ventures Private Limited and the right to restrict any change in capital structure restrict a change in capital structure. 5. Whether, the said parties are related to International Finance Corporation is not related to promoter/promoter group/ group the Promoter or Promoter Group of BEL. Venusta companies in any manner. If yes, nature Ventures Private Limited is a wholly owned of relationship subsidiary of BEL. 6. Whether the transaction would fall The transaction with International Finance within related party transactions? If yes, Corporation is not a related party transaction. whether the same is done at “arm’s length 7. In case of issuance of shares to the No shares are proposed to be issued to parties, details of issue price, class of International Finance Corporation. shares issued; 8. Any other disclosures related to such None agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc 9. in case of termination or amendment of Not Applicable agreement, listed entity shall disclose additional details to the stock exchange(s) a. name of parties to the agreement b. nature of the agreement c. date of execution of the agreement d. details of amendment and impact thereof or reasons of termination and impact thereof