BSE Realty Real Estate Sector Regulatory Filings — August 13, 2026

13-08-2026

13-08-2026

The filing is a standard board meeting outcome for Brigade Enterprises Limited, primarily approving the financial results for the quarter ended June 30, 2026. No leadership changes, dividend recommendations, or major corporate actions were disclosed. The board also approved the appointment of M/s. Walker Chandiok & Co LLP as the internal auditors for FY27. The filing is routine and lacks any material positive or negative surprises, resulting in a neutral outlook.

• · The board approved the appointment of M/s. Walker Chandiok & Co LLP as internal auditors for FY27.
• · No dividend was recommended or declared.
• · No leadership changes (CEO, CFO, MD, Chairman, Independent Director) were announced.
• · No capital expenditure approvals or strategic investments were disclosed.
• · No corporate actions (buybacks, rights issues, bonus shares) were announced.

13-08-2026

Brigade Enterprises reported a strong Q1 FY27 with Profit Before Tax growing 47% YoY to ₹285 Crore, driven by a 45% increase in real estate EBITDA. However, consolidated revenue declined 12% YoY to ₹1,179 Crore from ₹1,333 Crore in Q1 FY26, while EBITDA margin improved to 36% from 28%. The leasing segment grew 9% YoY and hospitality remained steady, but the overall revenue drop highlights a mixed performance.

• · Average realization increased 21% YoY to ₹14,256/sft.
• · Mall footfalls grew 11% YoY, retailer sales grew 35% YoY.
• · Hospitality portfolio occupancy at 76% with ARR of ₹7,241.
• · Company launched ~4 million sft of commercial projects in Bengaluru & Hyderabad during the quarter.
• · Planned launches of nearly 12 million sft ahead, with a strategic partnership with Bain Capital for a mixed-use development in Whitefield.

13-08-2026

Crisil Ratings reaffirmed Aditya Birla Real Estate Limited's long-term rating at 'Crisil AA/Stable' and short-term rating at 'Crisil A1+', removing the long-term rating from 'Rating Watch with Developing Implications' following the completion of the sale of its pulp and paper undertaking to ITC Ltd for Rs 3,498 crore on August 1, 2026. The company achieved strong booking value of Rs 8,136 crore in fiscal 2026 (up from Rs 8,075 crore in fiscal 2025) and collections of Rs 3,341 crore (up from Rs 2,706 crore), but faces exposure to demand and implementation risks in its residential real estate expansion and expects cash flow from operations to moderate in fiscal 2027 due to higher construction expenditure.

• · The long-term rating was placed on 'Rating Watch with Developing Implications' in April 2025 following the announcement of the business transfer agreement with ITC Ltd.
• · The transaction was completed on August 1, 2026, on a slump-sale and going-concern basis.
• · Gross residential debt is expected to reduce to around Rs 1,900–2,000 crore by the end of this fiscal.
• · The company has achieved average bookings of over 76% for projects launched up to the end of Q4 fiscal 2026.
• · Net debt to cash flow from operations ratio may peak at 2.0–2.5 times in fiscal 2027 but is expected to improve in fiscal 2028.
• · Liquid surplus was Rs 2,444 crore at the end of fiscal 2026, including mutual funds of ~Rs 1,400 crore and unencumbered free cash balance of Rs 400-500 crore.
• · The company has a scheduled repayment of Rs 300 crore in fiscal 2027 towards term loans for its real estate business.
• · Scope 1 and 2 emissions intensity grew by nearly 7% compounded between fiscals 2023 and 2025.
• · Share of renewable energy in total energy consumption mix stood at ~38% in fiscal 2025 (vs ~32% in fiscal 2024).
• · Gender diversity improved to ~12% in fiscal 2025 (from ~10% in fiscal 2024).

13-08-2026

Aditya Birla Real Estate Limited reported Q1 FY27 standalone net profit of ₹63.48 Cr, up 33% from ₹47.71 Cr in Q1 FY26, driven by strong performance from both continuing and discontinued operations. However, the core Real Estate segment revenue declined 11.8% YoY to ₹46.78 Cr, while the company's total income remained nearly flat at ₹127.52 Cr. The Board also approved an Employee Stock Option Scheme (ABREL ESOP 2026) for up to 8,29,000 equity shares (0.74% of paid-up capital) and noted the completion of the pulp and paper business sale to ITC Ltd on August 1, 2026.

• · The company completed the sale of its pulp and paper business to ITC Ltd on August 1, 2026, with accounting to be recognized in the subsequent quarter.
• · Real Estate segment profit after depreciation but before finance costs declined to ₹24.60 Cr in Q1 FY27 from ₹29.03 Cr in Q1 FY26, a 15.3% drop.
• · Finance costs for continuing operations increased to ₹46.52 Cr in Q1 FY27 from ₹42.90 Cr in Q1 FY26, up 8.4% YoY.
• · Total assets stood at ₹13,860.14 Cr as of June 30, 2026, up from ₹12,029.25 Cr a year ago.
• · The company recognized a provision of ₹2.50 Cr in Q4 FY26 for JV Birla Advanced Knits Private Limited liabilities, fully impaired as an exceptional item.
• · An incremental gratuity and leave liability of ₹36.23 Cr was recognized in FY26 due to New Labour Code changes, presented as an exceptional item.
• · The ESOP scheme is subject to shareholder approval by postal ballot.

13-08-2026

Aditya Birla Real Estate Limited reported standalone net profit from continuing operations of ₹31.11 Cr for Q1 FY27, up 13.2% YoY from ₹27.49 Cr in Q1 FY26, driven by higher other income. However, on a consolidated basis, the group posted a net loss of ₹34.59 Cr, widening from a loss of ₹27.08 Cr in the same quarter last year, as the real estate segment reported a segment loss of ₹63.62 Cr. The company completed the sale of its pulp and paper business to ITC Ltd. on August 1, 2026, which will be recognized in the subsequent quarter.

• · The company completed the sale of its pulp and paper business to ITC Ltd. on August 1, 2026, with accounting to be recognized in the subsequent quarter.
• · Standalone real estate segment revenue declined 11.8% YoY to ₹46.78 Cr, while consolidated real estate segment revenue grew 32% YoY to ₹171.99 Cr, indicating strong performance from subsidiaries.
• · Consolidated real estate segment reported a loss of ₹63.62 Cr for the quarter, compared to a loss of ₹43.96 Cr in Q1 FY26.
• · The company reversed a net deferred tax liability of ₹123.76 Cr due to opting for the new tax regime from FY 2026-27.
• · No stock options were granted during the quarter, but 2,06,039 ESOPs were exercised and 80,749 treasury shares were sold.
• · Consolidated net worth stood at ₹3,717.74 Cr as of June 30, 2026, down from ₹3,835.56 Cr a year ago.
• · Standalone debt-equity ratio was 0.88 times, while consolidated debt-equity ratio was 1.57 times.

13-08-2026

The Board of Directors of Aditya Birla Real Estate Limited approved the ABREL ESOP Scheme 2026, under which up to 8,29,000 equity shares (0.74% of paid-up capital) may be granted to employees via secondary acquisition through the CTIL Employee Welfare Trust. The scheme is subject to shareholder approval via postal ballot. No financial results or period-over-period comparisons were disclosed in this filing.

• · The scheme is implemented through the CTIL Employee Welfare Trust via secondary acquisition.
• · The scheme is subject to SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
• · Shareholder approval will be sought via a Postal Ballot Notice to be sent in due course.
• · The board meeting commenced at 12:00 noon and concluded at 1:00 PM.

13-08-2026

Aditya Birla Real Estate Limited released its Q1 FY27 earnings presentation, reporting a 31% YoY increase in collection value to ₹713 Cr and a 57% YoY rise in net total income to ₹86.9 Cr. However, booking value declined 22% YoY to ₹329 Cr, with Pune contributing 36% of bookings. The company also completed the sale of its pulp and paper undertaking to ITC on August 1, 2026.

• · Total portfolio GDV stands at ₹73,858 Cr across 34.7 Mn sq ft.
• · Ongoing projects GDV is ₹31,753 Cr (20.0 Mn sq ft); FY27 pipeline adds ₹9,596 Cr (3.3 Mn sq ft); future pipeline is ₹32,509 Cr (11.4 Mn sq ft).
• · Worli portfolio (6.8 Mn sq ft) includes three launched towers and three yet-to-be-launched parcels.
• · Bengaluru region sold 91% of launched inventory in Birla Trimaya Phase 4 within two quarters.
• · Sale of pulp and paper undertaking to ITC concluded on August 1, 2026.
• · India residential absorption in Q1 FY27 was INR 2,36,726 Cr, with launches at INR 2,21,222 Cr.
• · Total supply across four key markets dropped 12% YoY, while absorption increased 6% YoY.

13-08-2026

Brigade Enterprises Limited held its 31st Annual General Meeting on August 13, 2026, with 254 members present. All 10 resolutions on the agenda were passed, including the adoption of financial statements, a final dividend of ₹2.00 per share (20%), re-appointment of directors, enhanced borrowing powers, creation of charge/lien, issuance of NCDs up to ₹1,500 Crore, and approval of the 'Brigade Employee Stock Option Plan 2026'. The meeting was conducted with both remote e-voting and Instapoll facilities, and the statutory auditor's report was unqualified.

• · The AGM lasted from 11:00 a.m. to 12:32 p.m. (1 hour 32 minutes).
• · Remote e-voting was open from August 9 to August 12, 2026; the cut-off date for eligibility was August 5, 2026.
• · The statutory auditor's report and secretarial audit report were unqualified.
• · Resolutions included special business items: enhancing borrowing powers under Section 180(1)(c), creation of charge/lien under Section 180(1)(a), NCD issuance up to ₹1,500 Crore, and approval of ESOP Plan 2026.
• · The scrutinizer for e-voting was Mr. Biswajit Ghosh of BMP & Co. LLP.

13-08-2026

Brigade Enterprises Limited held its 31st Annual General Meeting on August 13, 2026, where all 10 resolutions were passed with the requisite majority. Key approvals included the adoption of financial statements, a final dividend of ₹2.00 per share (20%) for FY2025-26, re-appointment of directors, enhancement of borrowing powers, creation of charge over assets, issuance of Non-Convertible Debentures (NCDs) up to ₹1,500 Crore, and approval of the Brigade Employee Stock Option Plan 2026. No opposition or negative voting outcomes were reported, indicating shareholder approval across all items.

• · The AGM was held at Sheraton Grand Hotel in Bangalore.
• · All resolutions were passed with the requisite majority.
• · Resolutions included enhancing borrowing powers under Section 180(1)(c) and creation of charge under Section 180(1)(a) of the Companies Act, 2013.
• · The ESOP Plan 2026 covers employees of the company and its subsidiaries/associates/joint ventures.
• · Cost auditors M/s. Murthy & Co. LLP were reappointed for FY2025-26.