Brigade Enterprises shares rally nearly 3%; here is what investors need to know

In the first filing, the company said that Jayant B Manmadkar has resigned from the position of Chief Financial Officer (CFO) & Key Managerial Personnel (KMP) of the company due to personal reasons.

Manmadkar will be relieved from the services of the company from the closing business hours on October 9, 2025.

Further, the company's board, at its meeting held on August 22, 2025, approved the designation of Pradyumna Krishna Kumar, Executive Director of the Company, as the Interim Chief Financial Officer and Key Managerial Personnel of the Company with effect from October 10, 2025, based on the recommendation of the Audit Committee and Nomination and Remuneration Committee till the time a new CFO is appointed by the Board.

In a separate filing on August 23, Brigade Group announced the launch of its latest residential offering, Brigade Lakecrest, nestled beside the Bhattarahalli Lake on Old Madras Road, Bengaluru.

Brigade Lakecrest will be developed under a joint development model, with a total development area of approximately 9.33 lakh square feet and a projected revenue potential of over ₹950 crore. The project has received RERA approval as of June 24, 2025, with a scheduled completion in March 2030.

Commenting on the launch, Pavitra Shankar, Managing Director, Brigade Enterprises Limited, said, “This development enhances our already strong presence in Bengaluru in a key submarket with excellent social infrastructure as well as growth potential. With its premium positioning and connectivity, Brigade Lakecrest strengthens our growth pipeline and reinforces our focus on sustainable expansion across South India.”

The project will feature 604 premium 1, 2, and 3 BHK residences with expansive balconies to capture tranquil views of the lake and the surrounding layered landscape design. Every home has been designed with a focus on flexibility, with select units featuring dedicated spaces for home offices or study, catering to today’s evolving lifestyle demands.

Brigade Enterprises Q1 FY26 Results

Brigade Enterprises reported a 79% increase in its consolidated net profit to ₹149.88 crore for the quarter ended June (Q1 FY26).

Its net profit stood at ₹83.72 crore in the year-ago period.

Total income rose to ₹1,332.86 crore in the April-June period of this fiscal year from ₹1,113.44 crore in the corresponding period of the preceding year, according to a regulatory filing.

Established in 1986, Brigade Enterprises is one of the leading real estate developers in the country. It builds residential projects, office complexes and shopping malls.

The company is also in the hotel and education sectors.

Brigade Group has a presence in Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram, and GIFT City.