Date: September 25, 2026
Acquisition / Strategic Actions
Brigade Enterprises Limited has acquired 100% equity stake in M/s. Celebrations Development Company Private Limited (formerly known as BCV Real Estates Private Limited), which was previously a step-down subsidiary of the Company.
Target Entity Details:
- Name: M/s. Celebrations Development Company Private Limited (formerly BCV Real Estates Private Limited)
- Incorporation: May 04, 2022 under the Companies Act, 2013
- Business: Real estate development
- Authorized and Paid-up Share Capital: ₹10,00,000/- (Rupees Ten Lakhs only)
- Country of Presence: India
Transaction Details:
- Acquisition Date: September 25, 2026 (transaction completed)
- Consideration: Cash payment of ₹10,00,000/- (Rupees Ten Lakhs Only)
- Price per Share: ₹10/- per equity share (face value)
- Percentage Acquired: 100% equity stake
- Previous Ownership: M/s. BCV Developers Private Limited (a subsidiary of Brigade Enterprises) held 100% equity shares before this acquisition
Financial History of Target Entity:
- Turnover for FY 2025-26: NIL
- Turnover for FY 2024-25: NIL
- Turnover for FY 2023-24: NIL
- Status: The company is in the process of becoming operational with no revenue generation to date
Transaction Classification:
- Related Party Transaction: Yes (between Company and its subsidiary)
- Arm's Length Basis: Yes
- Promoter/Promoter Group Interest: Interested to the extent of their shareholding, if any, in target entity
Strategic Rationale:
The acquisition is made with the object to undertake real estate development projects in the Company.
Regulatory Approvals:
No governmental or regulatory approvals were required for this acquisition.
Compliance & Disclosure
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.