Brigade Enterprises : Change in designation

Ref: BEL/NSEBSE/BMD/11102022	11th October, 2022
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	Fax Nos.: 022- 22722037/2039
Fax Nos. : 022-26598237/38

Re.: Scrip Symbol: BRIGADE/Scrip Code: 532929

Dear Sir,

Sub: Outcome of the Board Meeting held on 11th October, 2022 Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015

As part of good corporate governance for splitting the role of Chairman & Managing Director and for succession planning for the next generation leaders, Mr. M. R. Jaishankar, Chairman & Managing Director of the Company will continue as Executive Chairman and step down from the position of Managing Director. These next generation leaders are part of business operations, strategy, planning, marketing and business development for over a decade and have been groomed by him.

A meeting of the Board of Directors of the Company was held today i.e., 11th October, 2022 has inter alia considered and approved the following:

1. Resignation of Mr. M.R. Jaishankar (DIN: 00191267) from the position of Managing Director of the Company with effective from the closing business hours of 11th October, 2022.
   Mr. M. R. Jaishankar shall continue his role as Whole-time Director and Executive Chairman for his current term, which is upto 31st March, 2027, to mentor the next generation leaders in their new roles.
2. Appointment of Mr. Aroon Raman, Independent Director (DIN: 00201205) as Non-Executive Vice Chairman of the Company for the period from 11th October, 2022 to 4th August, 2024. This is based on the recommendation of the Nomination & Remuneration Committee. This is done as a part of good corporate governance.
3. Appointment and re-designation of Ms. Pavitra Shankar (DIN: 08133119) who is presently an Executive Director as Managing Director of the Company for a period of five years with effect from 12th October, 2022 to 11th October, 2027. This is based on the recommendation of the Nomination & Remuneration Committee and is subject to Shareholders approval. She shall be a Key Managerial Personnel in accordance with the provisions of the Section 203 of the Companies Act, 2013.
4. Appointment and re-designationof Ms. Nirupa Shankar (DIN: 02750342) who is presently an Executive Director as Joint Managing Director of the Company for a period of five years with effect from 12th October, 2022 to 11th October, 2027. This is based on the recommendation of the Nomination & Remuneration Committee which is subject to Shareholders approval. She shall be a Key Managerial Personnel in accordance with the provisions of the Section 203 of the Companies Act, 2013.

1. Mr. Amar Mysore (DIN: 03218587) Whole-time Director, designated as Executive Director of the Company whose present term will end by 15th May, 2023 is re-appointedas an Whole-timeDirector designated as Executive Director for a further period of five years with effect from 16th May, 2023 till 15th May, 2028. This is based on the recommendation of the Nomination & Remuneration Committee and is subject to Shareholders approval.
2. Mr. Pradeep Kumar Panja (DIN: 03614568) Independent Director of the Company whose first term of five years will end by 15th May, 2023 is re-appointed as an Independent Director for a second term of five consecutive years from 16th May, 2023 till 15th May, 2028. This is based on the recommendation of the Nomination & Remuneration Committee and is subject to Shareholders approval.
3. Dr. Venkatesh Panchapagesan (DIN: 07942333) Independent Director of the Company whose first term of five years will end by 15th May, 2023 is re-appointed as an Independent Director for a second term of five consecutive years from 16th May, 2023 till 15th May, 2028. This is based on the recommendation of the Nomination & Remuneration Committee and is subject to Shareholders approval.
4. Appointment of Mr. Velloor Venkatakrishnan Ranganathan (DIN: 00060917) as an Additional Director in the category of Non-Executive Independent Director of the Company for a consecutive period of five years with effect from 11th October, 2022 to 10th October, 2027. This is based on the recommendation of the Nomination & Remuneration Committee and is subject to Shareholders approval. This will increase the strength of Independent Directors on the Board of the Company to a majority at 55%.
   The aforesaid directors are not debarred from holding office as a Director of the Company, by virtue of any Securities and Exchange Board of India (SEBI) Order or any other Regulatory Authority.
   The Company shall seek Shareholders approval for the aforesaid appointments/ re-appointments through Postal Ballot with remote e-voting facility.
   Disclosure pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') relating to the aforesaid appointments/ re-designation and resignation are contained in Annexure 1 & Annexure 2 respectively.

The Board Meeting started at 11.00 a.m. and ended at 1.25 p.m.

Request you to kindly take the same on your records.

Thanking you,

Yours faithfully,

For Brigade Enterprises Limited

P. Om Prakash

Company Secretary & Compliance Officer

Encl.: a/a

Annexure 1

Information as required under Regulation 30 - Para A Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as follows:

SI	Requirement				Disclosure
No.
1,	Name	Ms. Pavitra Shankar			Ms. Nirupa Shankar
2.	DIN	08133119				02750342
3.	Reason for	Appointment & Re-designation		Appointment & Re-designation
	change viz.,
	appointment,
	resignation,
	removal,
	death or
	otherwise
4.	Date of	Appointment of Ms. Pavitra Shankar as	Appointment of Ms. Nirupa Shankar as
	appointment/	Managing Director of the Company for a	Joint Managing Director of the Company
	cessation (as	period of 5 years w.e.f. 12th October,	for a period of 5 years w.e.f. 12th October,
	applicable)	2022 to 11th October, 2027 subject to	2022 to 11th October, 2027 subject to
	and terms of	shareholders approval.			shareholders approval.
	appointment
5.	Brief Profile	Ms. Pavitra Shankar has over 18 years of	Nirupa Shankar has over 16 years of
		experience in consulting, private equity	experience has been with Brigade since
		and real estate development.		2009,	overseeing	the	company's
						hospitality, office and retail portfolios.
		She has been associated with the Group	She also leads Public Relations (PR) and
		for close to a decade. She is an Executive	Innovation functions. She set up Asia's
		Director of the Company from 2018 and	first Real Estate Tech Accelerator,
		is responsible for the Company's	Brigade REAP.
		residential business strategy and growth,
		with a focus on sales, Residential	She had previously worked as a Senior
		business,	marketing,	finance	and	Business Analyst with Ernst & Young LLP
		customer experience.			in New York, Washington DC, and North
						Carolina. Nirupa Shankar has a Bachelor's
		She holds a Bachelor's degree in	degree in Economics from the University
		Economics and Mathematics from the	of Virginia and a Master's degree in
		University of Virginia and a Master's in	Management of Hospitality from Cornell
		Business Administration in Real Estate	University.
		and Finance from Columbia Business
		School, U.S.A.			The Awards/ Recognitions bestowed on
						Ms. Nirupa Shankar:
		She has been honoured by Realty Plus - 40
		under 40 for her achievements in the	Recognised by Economic Times as India
		Industry.				Inc's Top Young 40 Leaders under the age
						of 40 in 2021.

6. Disclosure of Ms. Pavitra Shankar forms part of

relationships	Promoter Group and Executive Director
between	of the Company and her relatives on the
directors	Board of the Company are as follows:
	Name of	Designation	Relationship
	the
	Director
	Mr. M. R.	Chairman &
	Jaishankar	Managing	Father
		Director
		(Executive
		Chairman w.e.f.
		11th October,
		2022)
	Ms. Nirupa	Executive	Sister
	Shankar	Director (Joint
		Managing
		Director w.e.f.
		12th October,
		2022)

She has been recognised for her contribution in Real Estate and Proptech at the BW Disrupt Women Entrepreneurship Awards 2021.

She has also won the "Woman CXO of the Year" award at the 9th Reality Plus Conclave & Excellence award 2017.

Nirupa is a two time TEDx speaker.

Ms. Nirupa Shankar forms part of Promoter Group and Executive Director of the Company and her relatives on the Board of the Company are as follows:

Name of the	Designation	Relationship
Director
Mr.	M. R.	Chairman &
Jaishankar	Managing Director	Father
		(Executive
		Chairman w.e.f.
		11th October,
		2022)
Ms.	Pavitra	Executive	Sister
Shankar	Director
		(Managing
		Director w.e.f.
		12th October,
		2022)

SI	Requirement					Disclosure
No.
1,	Name	Mr. Aroon Raman		Mr. Amar Mysore		Mr. Velloor Venkatakrishnan
								Ranganathan
2.	DIN	00201205			03218587			00060917
3.	Reason for	Appointment &		Re-appointment		Appointment
	change viz.,	Re-designation
	appointment,
	resignation,
	removal,
	death or
	otherwise
4.	Date of	Appointment of	Mr.	Re-appointment of Mr.	Appointment	of Mr. Velloor
	appointment/	Aroon Raman as Non-	Amar Mysore as Whole-time	Venkatakrishnan Ranganathan
	cessation (as	Executive			Director,	designated	as	as an Additional Director in
	applicable)	Independent		Vice	Executive	Director of	the	the category of Non-
	and terms of	Chairman	of	the	Company for a period of 5	Executive	Independent
	appointment	Company for the period	years w.e.f. 16th May, 2023	Director of the Company for
		from 11th	October,				a period of	five years with

5. Brief Profile Mr. Aroon Raman is an Mr. Amar Mysore holds a Mr. Velloor Venkatakrishnan

entrepreneur at heart, Master's degree in Ranganathan is a finance

Aroon Raman was the Engineering from professional with over 40

Managing Director of Pennsylvania State years of variegated Raman Boards and then University, U.S.A., and has experience in India and Raman Fibre Science vast experience of over a overseas. He graduated in Private Limited - an decade in supply chain commerce in 1973 with a Gold

advanced material management,manufacturing, Medal and qualified as a CA science company - both the power sector, and real and admitted as a member of of which he divested to estate. He has been other professional bodies

multinationals. He instrumental in tying up while serving professional advises companies on green power for our services firms. technology innovation commercial, retail and hotel

and strategy and is on properties. Amar Mysore is He is currently a member of the Boards of various actively leading our charge The International Council for

companies and towards the adoption and Commercial Arbitration

charitable trusts. implementation of based in The Hauge, He has served as technology to increase Netherlands.

Chairman of the efficiencies in our various

Confederation of business processes. He He was a Senior Partner with

Indian Industry, takes care of the business one of the big four global

Karnataka, and is a development function for firms. He served EY in India

recipient of the state's the group.during its crucial growth

highest civilian honourphase for ten years in various

- the Karnatakacapacities including that of

Rajyotsava Award forCountry Leader for Strategic

2010Growth Markets and Country

for his contribution toHead for Quality & Risk

the industrialManagement for the firm. development of the

state. He holds aHe is currently an

postgraduateindependent director and

degree in EconomicsChairman of the Audit

and a Master's degreeCommittee and Nomination

inBusiness& Remuneration Committee of

Administration fromHIL Limited, a listed company

the Wharton School,with over twenty

University ofmanufacturing facilities

Pennsylvania, U.S.A.across India, Germany, and Austria.

He is a long standing member of a Conciliation Committee of Independent Experts - CCIE - constituted to resolve large

		2022 to	4th August, till 15th May, 2028, subject	effect	from	11th October,
2024.		to shareholders approval.	2022 to 10th	October, 2027
					subject	to	shareholders
					approval.