Rs 2 Dividend, 1:3 Bonus Issue: Double delight to shareholders; check record date update

Rs 2 Dividend, 1:3 Bonus Issue: Real estate major Brigade Enterprises on Tuesday announced a 1:3 bonus share issue for shareholders and recommended a final dividend of Rs 2 per equity share for FY26, even as the company reported a decline in fourth-quarter profit.

In an exchange filing, the company said its board of directors approved the issuance of one bonus equity share for every three fully paid-up equity shares held by investors. The proposal is subject to shareholder approval through postal ballot.

1:3 bonus issue

“Issue of bonus equity shares in the proportion of 1:3, i.e. one bonus equity share of Rs 10 each fully paid up for every three equity shares of Rs 10 each fully paid up held by the shareholders as on the record date,” the company said in the filing.

A bonus issue is when a company gives extra shares to its existing shareholders for free. For example, in a 1:3 bonus issue, an investor gets one additional share for every three shares already held. This means if someone owns 30 shares of a company, they will receive 10 extra shares without paying any money, taking their total holding to 40 shares.

However, a bonus issue does not immediately increase the total value of an investor’s investment because the share price usually adjusts after the bonus shares are issued.

Update on record date

The company said it will announce the record date for determining eligible shareholders separately.

For unaware, a record date is the cut-off date set by a company to decide which shareholders are eligible to receive benefits such as bonus shares, dividends, stock splits, or rights issues. Investors whose names appear in the company’s records on that date become eligible for the corporate benefit.

Investors must own the shares before that date to qualify for the free bonus shares. If someone buys the stock after the eligibility period ends, they will not receive the benefit.

Final dividend

Along with the bonus issue, the board also recommended a final dividend of Rs 2 per equity share, equivalent to 20 per cent on the face value of Rs 10 each.

The dividend proposal is subject to shareholder approval at the company’s upcoming 31st Annual General Meeting (AGM).

Brigade Enterprises Q4 results

Brigade Enterprises reported a consolidated net profit of Rs 190 crore for the March quarter, down 23 per cent from Rs 249 crore in the corresponding period last year.

Revenue from operations remained largely flat at Rs 1,457 crore in Q4FY26, compared with Rs 1,460 crore a year ago.

The company said lower income from leasing operations weighed on quarterly performance, although the real estate and hospitality businesses continued to see positive momentum.

Brigade Enterprises share price

Shares of Brigade Enterprises closed 4.83 per cent lower at Rs 769.85 on Thursday against the previous close of Rs 808.95 on the NSE.

The stock touched an intraday low of Rs 767.35 and a high of Rs 798 during the session. The company’s market capitalisation stood at Rs 18,935 crore.

The stock has traded between a 52-week low of Rs 601 and a high of Rs 1,332.00.