BRIGADE ENTERPRISES LIMITED ey Cones Ses El BRIGADE A pre 91-90-4137 9200, 2227 7017-18 Fax: 91-80-2221 0788 Fora besser quality of tie Cnauiry@brigadegroup com www brigadegroup.com apgrade-ts Brigade Ref: BEL/NSEBSE/BMD/03022017 3° February, 2017 Listing Department Department of Corporate Services - Listing Notional 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.: Serip Symbol: BRIGADE/Scrip Code: 532929 Dear Sir/Madam, ‘Sub.: Board Meeting Decisions This is in continuation to our letter dated 23" January, 2017 and pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, u Meeting of the Boord of Directors of the Company was held as scheduled today i.e. 3% February, 2017 and the Board inter-alia took the following decisions: (0 Approved the unaudited consolidated financial results for the third quarter and nine months ended 317 December, 2016 along with the Limited Review Report of the Statutory Auditors of ‘the Company, Gi) Approved the unaudited standalone financial results for the third quarter nd nine months ended 31" December, 2016 along with the Limited Review Report of the Statutory Auditors of ‘the Company. ‘The financial results are enclosed pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (iii) Re-appointment of Mr. M.R. Jaishankar as Chairman & Managing Director of the Company for a period of 5 years w.ef. 1" April, 2017 pursuant to provisions of Section 196, 197, 203, 177 of the Companies Act, 2013 and the Rules made thereunder read with Schedule V of the Companies Act, 2013 subject to approval of the Shareholders in the ensuing general meeting. (iv) Re-appointment of Ms. Githa Shankar as Wholetime Director of the Company for a period of 5 years w.e.f. 1° April, 2017 pursuant to provisions of Section 196, 197, 203, 177 of the Companies Act, 2013 and the Rules made thereunder read with Schedule V of the Companies Act, 2013 subject to approval of the Shareholders in the ensuing general meeting, TER ge *() (Sl Ean) S80 asp “Apartments «Integrated Enclaves «Vilas Ofices «IT Parks » SEZ5 « M Se nonrCenes Hotels & Resorts « Schools + Clubs + Serviced Apartments + Corwen Chennai | Chikmagalur | Dubai | Hyderabad | Kochi | Mangalore | Mysore ‘Aso at Summit @Brigade Metropolis, Whitefield Road, Mahadevapura, Bangalore 56 0048, en Ef =The disclosure relating to reappointement of Executive Directors specified above pursuant to Regulation 30 - Pora A Schedule IIT of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed. We are enclosing herewith the proposed press release titled “Brigade Group announces Q3 FY 17 Financial Results - Revenues increase by 25% and Profits increase by 7%" ‘The above information is also hosted on the website of the Company at www brigadeqroup.com Kindly take the same on your records. Thanking you, Yours faithfully, Fe terprises Limited Plom h Company Secretary & Compliance Officer Encl.: a/a a = BRIGADE For a better quality of life to BrigadeInformation as required under Regulation 30 - Para A Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as follows: ‘Mr. MR. Jaishankar is having around 4 decodes of rich experience in real estate industry He holds a Bachelor of Science degree in agriculture from the University of Agricultural Sciences, Hebbel, Bangalore and a Master of Business Administration from ‘Manasa Gangotri, Mysore. The promoter of the Brigade Group. Brigade Group's chairman & Managing Director, MR Taishankar’'s leadership, commitment to quality _ and ‘S. | Requirement ‘Mr. M.R. Jaishankar ‘Ms. Githa Shankar ] No. 1. [Reason for Change | Re-appointment of Mr. MR. Re-appointment of Ms. Githa i.e., appointment, | Jaishankar as Chairman and Shankar Wholetime Director resignation, ‘Managing Director of the of the Company for a perod of removal, death or | Company for a perod of 5 years | 5 years w.e.t. 1" April, 2017. otherwise. wef. 1* April, 2017. 2, [Date ‘of | The Board of Directors of the | The Board of Directors of the ‘appointment Company in their meeting held | Company in their meeting held (cessation (as | today i.e. 3 February, 2017 | today ie. 3% February, 2017 epplicable) and | approved the re-appointment of | approved the re-appointment term of | Mr. MR, Jaishankar as Chairman | of Ms, Githa Shonkar as ‘eppointment end Managing Director of the | Wholetime Director of the Company, Company. The tenure of re-appointment | The tenure of re-appointment will be for a period of 5 years | will be for a period of 5 years wef. 1% April, 2017 which is | w.e.f. 1" April, 2017 which is subject to approval of the | subject to approval of the shareholders in the ensuing | shareholders in the ensuing general meeting general meeting 3 | Brief profile ‘Ms. Githa Shankar is having over 3 decades of experience in the fields of advertising, stock broking, insurance, education and real estate She holds a Bachelor of Arts degree, Bachelors in Library Science and a Masters in Business Administration, all from Mysore University. She has 30 years of experience in the fields of advertising, stock broking, insurance, education and real estate. She is the Managing Trustee of Brigade Foundation which started and runs The Brigade |» ay No S = BRIGADE For a better quality of life, upgrade to Brigadepassion for innovation, have | enabled Brigade to grow from ‘that single-building, small-scale private enterprise to a diverse ‘multi-domain Compory which is into all verticals of Real Estate. ‘Schools in Bangalore. She is on the Board of our Company since November 8, 1995 and presently is a Whole-time Director of our Company. Disclosure of relationships between directors (in case of ‘Mr, MR. Jaishankar being the promoter of the Company has the relationship with the following Directors Ms. 12 Shankar being the promoter of the Company has the relationship with the following Directors: appointment of, director) [Name of the | Relationship Name of the | Relationship | Director Director Ms. — Githa | Spouse ||| Mr. MR. | Husband Shankar Taishanker | ‘Mr. MR.| Brother Mr. MR.| Brother in| Shivrem | Shiveam | law ‘Mr. MR.| Brother Mr. MR.| Brother in Gurumurthy ||| Gurumurthy | law For Briggap Exfpiprises Limited pan} BRIGADE For a better quality of life, upgrade to Brigade[BRIGADE ENTERPRISES LIMITED. Corporate identity Number (CIN): LASTIOKATDSSPLCOIIG Regd Otis Soh & Sn Fier, Word Trade Centr, Bras Gneway Camps, 28) aS De Raaar Roa, Nialesaran- aaa, Banal 36085 = Phone ©M-804139200, 220170718 F 1-80-21 0784 — inc cyBlrinnineweysim | Wiki. we bipdeoam BRIGADE ‘Statement of Unaudited Conallatd Financial Ress forte quarter and nine mans ed December 2018 (Bs sts) Paras Guanes | Charerenied | Crepniing | Veoriodne | Vestine | —Rrevous sii22016 | 30092016 | Quunerended | fguestor | fgues tor | Accouning Yer mies] | jUnanteey | Stiz2018 | seca fone preceding | ended (Ursus) | pened ened | period end | 31032016 riazoie | ari2so1s | (Umadied) Unuis} | (Unaudis) 1 Pace rom operations fa ae tcae tom operations s0 am case] sao] sna] arse, ft oe epering incre Fa 3 twas] ““e5o0| “uate 5951 [Total operatingincome Save 70 Bao] —iarow | issu] zr 2 fespesire fa Suen ont 19666 13393 sage] sees 16395 fo) Lan purcase ost eal? 7 26990 le) Cox fra materi, components sd sh ain te nv (Greasy dese inventors of Ls on war] are] cass) 650] lock of iat nd tock a wk press [ep empcyec bees expense san sto ag06] oar] 9756 sz |) Deprecston a ozo pee 3085 a0 aa] igen] 33a oss [Or exgeses 399 ei] aign| aes ren [Total epeass Bist muse] huss] —aaaaue | has 3 [Protirom operations before ther income finance son 9968 iso] sess] sos syne fmt and eceodonal tem (1-2) 4 foster income an vo su] azo] 008 sms [Prot rom ordinary acti before nance costs Ho ross rains] snes] 2,106 19 | jn exceptional tems (38) 6 |Finance cons oes oa asm] inmas| asa 19901 7 la rom ordinary actives ster face cnt aos san vs) ness] ree 21998 ue before excetonal items (6), 8 fesceina tens - - . 9 [Prat rom ordinary activites beer 493 aon nis] nes a9 10 fraxexpense 1470 6 nam] 6208 ns 11 [Set Prot rom ordiary sti afer ta (2-10) ae 3016 od a) nas 12 fesoaordnry its (nt oft exper) - . 13, [Net pratt te period (1612) su S| asis| ayo] ass ms 14 suv of profit of Asie (eos expense) 3 » os “ ss 15 Paaaiasey: Non Contin ites cso) eas] so] sen] conn} asia] 16 Net prot ater tae, Noo-Conring attest and 304 as san) race] srs 1396 fare of profit of Asucne (13414418) 17 Jose comprbensive none net fx expense) 2 «] u . 1s] 18 front Compreemive Income forthe period so ass ed ee) 12309 comprising Proto the prin (arts) and foter Comorshemsive Income aftr tax (16017) 19 fai uty share apa nao han nisi} unset] n1a08 nat (racers of Re 0 each) 20(0 [Eamings pe share (before extort) fetes acy ot mani) Bsc 246! as a8 oon 875 1090 fDi 266 250 307 095 50 oss 20 (i [ning psa (oer extrait) (crs: enc) nt anmalses) I Base 256 as 309 698 876 1090 [ss es 26 250 300 695 ao toss age otsate: ‘Statement of Unauitd Conia nancial Resuls (rte quarter and nine months eed December 32016 “Te stove somal fanless of Brigade ners Limited ihe Compan’) is abies and asocine company (ogee refed oa the ‘rouge ts bom feel y the Aa Camas an raved the Dos wf Dis uf he Company th eing op Fets9, 2007, The Stan ait of te Carpny fe aid ota haa review on he onsited fara aie OF Be Cena ‘The Group hae nope nin Acouting Saar preci unde etc 3 ofthe Compas Act 213 (nd AS" om Ap, 2016 anal te prods rented ia the atnepanying ancl resus nd her Gans formation have ben prepare i seoraece wih exon and ease princes Id {wn nln AS and lee nfoatic eure abe lsed atm of Repos 3) of he SEDI (ising Obtgules ad Dsclosre Requrene) Regulations, 2015, ea wth SEDI Crear No CIRICFDIFACED2016 dated Jy 5, 2016. Fut, tbe acconpuyig nancial vss anther Fanci {nfrmatio rhe quae an ine months neg December 81,2016 and fer the yea ed March 31,2076 ay regu adstent ef conan he al nd AS ancl ates fed the ea cing Maoh 1,207 “The Grp sao prepared esosaion of he wtp fo te cespnding periods under the proud applicable Generally Accepied Accounting ‘inp prion AAP") with the al compen income a repeats ari ess nr Ind AS. The et oft econo fr he uae ‘doin monte coed Deer 1, 2015 andthe Year ended Murch 3, 2016 for he eons scl ess re resell Bs atte a RescTans Tonsipnding | Verte ie ] Powous Qua ended | iues oe | Accomtng 31122018 | te preceding | Yea ended iunadtes) | penod eed | 31032016 31122015 | (Umi) Womes) Free a peprvinn GAAP EP ar} Fsralaon of Sor ses Sci bes Gon] “Gr] Bt) [Acrntng of ait Development Projet at) 9 ‘a (ors linge ofr saat of Epicye Sk Opn Pan 109] co} i \rESOP" a Sick coapensatin exons [empiaye tee expeses (Acuna (2s) ei} 129 fraexpns impos ofabove adusnens css} as] 6 Jademert 0 Non Cooling [terest ” nae = Net roi spe nd AS (A aan] oan] 384 [oer comproontne come [acta aids) o defied bene obitios- “ os] jrewi eo) “ * as] {rot comprehensive income A°B) sas6| osm | 12300 3 Dati of semen een esl and cpt emploved nats) Pars ‘Guaereoke | Cuararanded | Corenponting | Year dus] Vearto die | — Pewow Siiz2016 | 30062016 | Quanerense | Sgwertor | gues tor | Accouing Yor IWonudied) | (Uanudics) | 31122015 | thecunem | hepreceding| ended (esses) | ped edes | pevod ened | 31032016 siizaoie | 3122018 | (Unde ress | (Unaadid) 1 [segment Revenoe ‘Teale M9 sear] sasoas] 25am] soe ospiakiy 4598 tsa] 5.50 aa Le 6500 sso] 19201 2148s fro san ceo] 148399 204701 Lis ner Sepment Revenues 09 ao} 319] om] [Net inceme From Operations 03 edgou| row, 20.792 1 |ogment Ree Real ste 9300 190s ugis| —aggss] ans ssn08 orpeaty a 10 ws] hoe] “2395 330 Lestas 2s 206 amo] euts| 200 7a rat before Tax an Interest, 126 su Hows] soar] 36a san Tes Fem cot (eae) (eato] aan] casas] casa] aagon] ‘es: Or waloeble expen 2s Glen} ease] 790] “6258 0788 {raft bfoe Ts ss son 23] __risss| rsa 21798 TH [Segment asses Ral ae soon] sonra] 2asoo]sosyst] 2s Hospity ‘7st ‘seni “erst s4aot ese aisces| —anasir| tos] aes] ates Unalcted ats Mane 950 ‘aa] “uo “Soaut Lett Segment Aes enon] sary] snanlgazett| sana] TW fsepment Liabiies Te Etat saase | asouo} azar] ate Nowplty 10280 tos ‘aise “1030 Lean 2910 2266 vwuso] 23710 ‘nated bas aénact| arias] —2oeona] 28m ap1a3s save ase] sure] sarse| serine] ase Page 2013‘Statement of United Comsliate Financia Resulis for he quarter an nine mnths ended December 31,2016 The nd AS fini ret and te fini ifraicn ferte yearend Nth 12016 nth ace ad ie mots ended eee 31.2013 ae Teor on th pevinly sed ned consciences repr in aesrlace wi he Companies (Accouring Standard) Rules, 206, 05 ‘se re teres se cui miles addy th ron om ans fo nt AS ‘The Bort of Directors f the Company tae aproved the Scheme of Amangenet wees he Company an is whol wed sins - Brigade Hot Vertes Lined, rig Hospiaiy Serie Lined and Agta Club Prt Lined andthe respective hcholes an redo (eenae refered © {5 the Scheme) in term ofthe proves of Stns 2900 253 ofthe Compas Ac, 2013 to wae te hel ses, trated cbs and cmenton ‘ere near and" Acpta Cb busess os wl eve sais. The Compan sn he ross of caning the neces eps acing the quer nd 1.122016, he Company basic! rgadeImovatins LP as sabiiny i Deceber 2016 Fires fr nue sndlone Saas of the Campy forth quarter and nite months ode 31 122006 ar lows = is. ints Parieaee ‘Guede | Quer ended | Coreipondng | Yearto dn | Year ase [revo Srraaie | 30003016 | Qawterended | tigwes or | pes or | Acoutng Yeu (nwt | Waaadte) | 31122018 | hecuren |e proceding | ended [Usonses) | peed ended | petatended | 31032016 ai i2aoie | st2201s | (Uomdied) Wang) | (Unmet) [aeons ham apoio: Ta Tee] aaa] tess] — tase] 1 Pro fre Tx to ts eas] ae] “Ta98 3am reer 3 99 sgo| 537] tas aye “pe unto sudan Genel as he uae a6 ie ets eT ST 172070 canbe vive on Ge Company wets wow igloo on a tho te viewed te watt o NSE nd BSE ‘The aecampanyiag ancl ess ad ote Fanci inforaton he year ened March 31,2016 andthe quer an sine months ended Dao: 31,2015, ase tne onthe previo ed uated conoid fel esas pepe in acer with the Compares (Asotin Sands) Rls, 2006, a ‘Mose orth ereaces inthe contig pimples ay he Grey o ranston then AS. Daring the quer ede 31.12.2016, the pip ey share capital of he Company bas inal fc Re 1,32 at Re. 64 te pra! othe ‘xr of ck options by ean eplyes en alsinet f18 328 equ shares hen, ‘The fincesf the revue vet peridot lad wh ernest 1 our 0 eure! pers clasifestion For and on baal of be Boar of Distr of DDRIQIADIV ENTERPRISES LIMITED Page 3013S.R. BATLIBO! & Associates LLP XGelchy conera sock Sengalar5e0 G04, fd Fox 60 2210 6000 Chartered Accountants Limited Review Report Review Report 10 ‘The Board of Directors Brigade Enterprises Limited 1. Weave reviewed the accompanying statement of unaudited consolidated financial results of Brigade Group comprising Brigade Enterprises Limited (the Company") and its subsidiaries and associate company (together, “the Group’), forthe ‘quarter and nine months ended December 31, 2016 (the “Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2013, read with SEBI Circular No, CIR/CFDYFACI62/2016 dated July 5, 2016. This Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is 0 {suc a report on the Statement based on our review. 2. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued by the Institute of Chartered ‘Accountants of India. This standard requires that we plan and perform the review to obiain moderate assurance as to ‘whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel ‘and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3, We did not review the unaudited separate financial results and other financial information of 14 subsidiaries included the accompanying unaudited consolidated financial results, whose the unaudited financial results and other financial information reflect total assets of Rs. 117,650 lakhs as at December 31, 2016; as well asthe total revenue of RS. 7,656 lakhs for the quarter ended December 31, 2016 and Rx. 17,831 lakhs for nine months ended December 31, 2016, Further ‘we did not review the Group's share of net profit of RS. 38 lakhs forthe quarter ended December 31, 2016 and Rs. 95, lakhs for nine months ended December 31, 2016 included in the accompanying unaudited consolidated financial results relating to | associate, The unaudited separate financial results and other financial information for these subsidiaries and ‘associate have been reviewed by the other auditors and whose reports have been furnished to us. Our conclusion on the unaudited consolidated financial results, in so far as it relates to such subsidiaries and associate is based solely on the reports of the other auditors. 4, Based on our review conducted as above and on consideration of reports of other auditors on the unaudited separate quarterly financial results and on the other financial information of the components, nathing has come to our attention that causes us to believe that the accompanying Statement of unaudited consolidated financial results prepared in accordance with recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other eoognised accounting. practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No, CIR/CFD/FACI62/2016 dated July 5, 2016, including the manner in which itis to be disclosed, or that it ‘contains any material misstatement. For SR. BATLIBOI & ASSOCIATES LLP (Chartered Accountants ICAL Firm registration number: 101049W/E300004 Partner Membership No = 200867 Bengaluru, India February 3, 2017[BRIGADE ENTERPRISES LIMITED, Corporate idenity Number (CIN): LASIIOKAID9SPLCOII36 —P Regd Ofc: 9h 30 Fler, Wed Tesde Cente. Brigade Gat Campus, 2, ‘Dr fajhumar Read, Mallerwora Rajjinags, Bangalore $60 08 = Phone *91-8041579200, 2021 TITI8 Fax 91-8021 784 a Email enpin@bripaepop som Wehate wo trilegoup com BRIGADE ‘Saument of Una Stanalne Fingal Ress fo he ace an ne masts ended December 3.2016 Rs ini Pats ‘Guecied | Coa ied | Coneseedng | Vextodae | Yewoaae 7 Fevows siiza0ie | 30052016 | Quaerenied | tipwestor | figuestor | Accouming Ye TUoasies} | Uaudies) | 31122015 |iecamen pro] the preceding | ended amass) fended 31122016) penodentes | 31052016 Teams) | “tre2019. | Canad nme) } Income rm operations Safco eo options 230 se 6514 nase raises 13380 {ote cperating income 133 1a Lu zt 5361 45 [Toa operating income FE Tes Tse isons | Bene | sr J> _fescenire |e) sursomacor cost soa nes 14961 a0 ase sosiz Je) tam ace cot ed 7 a sa no. Bas \e) Cont ofr matin, epenerts set 2381 3,500 sos oa ane crs consumed far dnctensey decease inventors of 2386 a0 haw 968 1016 aes] ek of, nd sock and ways lerempine testis eeise an sus 3a. oe 304 10460 ki Depression sed amarinaion epee as 26 2302 ams 88 998 |) Oder expenses 5502 5959 2 15998 12687 19058 [reat expenses Tw Tims we me] tensor | a [5 [ero from operations before ater income, nace vast aus 728 aie 239 m2 Joss and exceptional tems (12) Is Jomer income an 2219 ua a oe sot Is fru trom ordinary activites Before finance costs 9908 9964 9.436 nao 29.206 3202 and excepionaltem (3) Jb frinane oss 304 5.009 3.700 15193 15040 [7 [erate rom ordinary etites ster Saance costs wo 4395 one Bar nan jot etre except tems (5), [sce iems : : Pr rom arinny actin before tn (78) soe ays one Bar 1809 nam 10 [Tmevense Lass 196 ste a0 08 6a70 tx [see ea from nina sas 199 4390 oa ng tare 2 festaonsinay eset of x expense) . . - - > |e a se pet tit) sao oy 490 va no sa 4 foe compres none (at ofan expense) 5 a] , 15 o hs. fret Comprehensive tncome for the pid a 396 aor vam he 1668 IComprising Pro for the perio (ater as and Jomer Comprehensive Icom fier an] (23914) 16 itp equity she cpa 1136 ise 1308 1368 11308 nists 19 Jeamings er stare bese arr ems) ft 8.18 exh (nt aad) 5) Base 303 a au a un 06 fy es 302 am 50 a he 1295, 7 eamings pe star ater xara tens) forts 10 eae) ot wml) ly Basie sas 2e 434 219 ha aa fits 30 38 0 sit he ass Page of 3‘SMnftumeat of Unasited Stale Finca Reus for he gurtr and ine mnths ended Decembr 312016 Notes 1. he ato sandlon ancl ends of ipa Enterprises Listed (th Company’ ot BEL) fs besa reviewed by the Aut Commie nd taken on eso a he ewig fhe Bor of Dsecer of be Company bel on Febnary 3, 2017 The attry nates tthe Company hve ced on! aed review one andor func els of e Company 2 The Company as aye indian Accousting Stats presrbed unde Seco 13 ofthe Comps Act, 213 (nd AS" lon Ape 1, 2016 a ale periods ‘pete a the seomparying fancies abd oer Gani infomation fave bee repaed i acernce wth respon nd ncsuret pbe od ‘den in ed AS and discloses infomation rege 10 be diced in toms of Regton 33 of he SER Lsing Obligations and Dison Regan) Regains 205, red wih SEBI Cesar No, CIRCFDFACI622016 date ly 5, 2016 Fuhr te aecomparing ancl ets td or faunal eee fb quater anne moc ened December 31, 206 and othe yar ended Mash 31, 2016 may request ee sooty eta nd 4S er Th Compa ts repre econo ofthe net profi forte conespualing periods der the revi applicable General Ascopld Acoutng Piles (previous GAAP) withthe taal comprebesve ince 2s repel tow farts me AS, Tle et pot ction fr le nate ee evenber 31,2015, yer to dt gues forthe peri ened Deemer 3, 2015 andthe year ended Mach 31, 3016 ete standalone anc es ae sented ‘tow sab [Revo Roasaion Corejandag | Variedae | —revous Quincrened | eestor | Accaumine Yeu 31122015 | epeecedng |” ended Shiaaois | (ames) Cnaaied) [Repro as pr prevous GAAP ory Ta Tease sieve oan anes and nani 30 0 1s sane [counting fr cmp fanciers ay ss] an [accomtng of foie Developer Proj (nt) sm a 7] impact ofa asain of Employ Stok Option as} «sl cs [tn ESOP" on Stet eonrematon exper frees he to sari [mone eet expenses (Actua (gi os] co} = na [raceme pact of above adie. ry an) a |Setprot as per tnd AS (A) 490 nn com leer compretenine nome’ }Acurial guns) on dened ene obipone 7 oo} east (nt of tx expec). rw) 7 co [Tot comprehensive income (At as 1g ess age 2 oF 3‘Suumen of Unedited Sanlalee Financial Reals for he ute and ise months coded Desembar3,206 ‘el tans spren-nn even, nh and ap emped (si ab ‘Gee sda | Charred | Coneendng | Vaartsdne | Wear dae] Provo aui22016 | 3002016 | Quanerended | fpwesfor | fgwestor | Accounting ex Wana) | anaes) | “31122015 |hecuren peed) heprecing | aad Pavers (Unaalies) fnded 31122016) perndended | 31082016 Waasites) | “Szd018 | (Unanned) (naa) 1 [Seamer Reverse ed Eat sa 25658 96st van] mast Hosp sari 3a 08 990 estes 5505 5264 so is97 13398 row vans Tse Fre] tase] Te es Ime Sepment Revers ‘| 2] ‘so ‘oo Net icome From Operations sss wail sna] ene TT fSerment Reus ‘eal Ente an 0 aig 2083 a6 Hosplay ns a3 56 190 ass esing 1379 2s ats ese fs ra afore Tax and terest ToT Te 291183 TRS? IE {ess Face coe 5309] 6009] 7 isis] neon] sen] Les Othe maleabl expenie een] ane] (2asa] as] e273] (293 ASL Otker income aan 221 32 709 eat 98 Profit before Tax oT 9 or Tat T89 Ti Hr [Segment Aes eat Eenie anions] 2onsro] ser] ao4a0| sear] atsaze Hospi 788 016 Masse 1099 M54 75384 easing won} es] azdoss] azn 0366] aan [nated ats iagsoa] 138476 rapes] oeso2 mosas| 1067 | bros se shat] seas | ae] sma] ans | si TY [Segment Libs Rea Ese sat nso] nioaus] isan hio24s| rng Hospitty 380 06 | 238 30 2331 1213 sine ask is sa ase Isis sat salted bes voi] roses] isiois| isez2|astors| ane [rete Labs ssn | s.es | arze6| onan] ange] ‘4 Te nd AS fi rents an te cil imation Fr the Yet ended Mach 3, 206 ad th quran nite wont cod December 3, 2018 bse the revo sed mane sno facial rate popred tm eerdave il Cops (acer Stan) Rees 1008 ie iene eke ‘teens inte scouting price adopt tae Company onan od 5 © Daring te quarter nde 31122016, he Company hs incorporate Brig lnvatins LP ass sain a Desembor 2016 Daring th quarter ended 3.122016, the pup ey share apa fsck cpton ty certain employee and linet of 418.25 gy Se ‘The ees of te previous yen pe have ben repouped resased, bree: msesy tcf to ere pts asfiton Pape 303 ofthe Company bs increas mn R122 lt to R136 ls pra the neiS.R. BATLIBOI & Associates LLP {BB dh Canbera ack No. 24 Vitel Maya Ross BengalurusS60 001, india Accountants "ax: $91 80 2210 6000 Limited Review Report Review Report to ‘The Board of Directors Brigade Enterprises Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Brigade Enterprises Limited (‘the Company’) for the quarter and nine months ended December 31, 2016 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/PACI62/2016 dated July 5, 2016, This Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility isto issue a report on the Statement based on our review. 2. Weconducted our review in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued by the Institute of Chartered Accountants of India, This standard requires that we plan and perform the review to obtain moderate assurance as. to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit, We Ihave not performed an audit and accordingly, we do not express an audit opinion. 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thercunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/PACI62/2016 dated July 5, 2016, including the manner in which itis to be disclosed, or that it contains any material misstatement. For .R. BATLIBOI & ASSOCIATES LLP. ICAI Firm registration number: 101049W/E300004 Chartered Accountants pa Adarsh Ranka Parmer ‘Membership No.: 209567 Place: Bengaluru, India Date: February 03, 2017PRESS RELEASE For Immediate Release Brigade Group announces Q3 FY 17 Financial Results —- Revenues increase by 25% and Profits increase by 7% Bangalore, February 3, 2017: Brigade Enterprises Limited's Consolidated Revenues for Q3 FY17 ended 31° December 2016 was at Rs. 572 crores, up from Rs. 459 crores recorded for Q2 FY17. The Consolidated Net Profits stood at Rs. 30.50 crores as against Rs. 28.50 crores, witnessing an increase of 7% over Q2 FY 17. Commenting on the company’s performance, Mr. M.R. Jaishankar, Chairman and Managing Director, Brigade Enterprises Limited, said "Even in these tough market conditions we have been able to increase our revenue by 25% compared to the previous quarter. ‘The growth in our performance is a result of our rcientless focus on our customer needs and product quality. The union Budget has rolled out multiple ini ‘ives for housing industry giving serious boost to the sector and we are confident of continuing our growth in the coming quarters through our quality offerings across markets.” ancial Highlights Consolidated Q3 FY 2016-17 Vs Q2 FY 2016-17 Performance > Total Revenues stood at Rs 572 crores vs Rs 459 crores, an increase of 25% > EBITDA stood at Rs 141 crores vs Rs 138 crores, an increase of 2%. > EBITDA margin stood at 25% vis-a-vis 30%. > PBT remained same at Rs. 46 crores. v PAT stood at Rs. 30.50 crores vs Rs. 28.50 crores, an increase of 7%,Consolidated 9 months FY 2016-17 Vs 9 months FY 2015-16 Performance > Total Revenues stood at Rs 1,498 crores vs Rs 1,563 crores, a decrease of 4% > EBITDA stood at Rs 404 crores vs Rs 395 crores, an increase of 2%. > EBITDA margin increased to 27% vs 25%. > PBT stood at Rs. 127 crores vs Rs. 176 crores, a decrease of 28%. > PAT stood at Rs. 79 crores vs Rs. 99 crores, a decrease of 20%. Consolidated Operational Performance > Real Estate space aggregating to 0.3 million sq. ft with a total value of Rs. 186 crores was sold during the third quarter ending 31* December, 2016. The average price realisation was Rs. 6,210 per sq. ft. Sales was severely affected due to the negative sentiment of Demonitisation on the real estate sector. » Lease Rental and Hospitality segments contributed Rs. 67 crores and Rs. 51 crores respectively to the consolidated revenues for the third quarter ended 31% December, 2016. > The Debt Equity ratio of the Company on 31% December, 2016 is 0.90:1 > Credit rating of "A" has been assigned by both CRISIL and ICRA Business Highlights: » Brigade Group celebrated a special milestone of successfully ‘completing 30 glorious years of Building Positive Experiences on 10th, October 2016. Coincidentally, 30 Projects were ‘completed with an area of about 11 million sft during the year. This year the organisation will: = Plant 30,000 saplings across projects; "Sponsor 30 toilets in schools; "Set up a Skill Development Centre in Devanahalli for Construction, Hospitality & Retail sectors. > Brigade REAP — Startup Accelerator, announced strategic partnerships with Microsoft & Intel to benefit Startups in its technology focused Real Estate Accelerator Program (REAP) during November, 2016. >> Internationally recognised World Trade Center (WTC) Kochi at Infopark Campus, Kakkanad was inaugurated during November 2016 by Shri. Pinarayi Vijayan, Hon'ble Chief Minister of Kerala. WTC Kochi has marquee tenants such as KPMG, Xerox and others. > Brigade Group’s 4” hotel ~ Holiday Inn Chennai (200 rooms}, is complete and ready for formal opening. Awards and Recognitions > Mr. MR Jaishankar has been recognised as one of India’s Best CEO's and ranked in the Top 100 CEOs by Business Today- PwC in the annual ranking of India's Best CEOs 2016. > Mr. Jaishankar was recognised as a Professional Developer Par Excellence by Association ‘of Consulting Civil Engineers (India), Dangalore Centre for his contributions to the Society at REDECON 2016. » Brigade Group won the Developer of the year ~ Commercial for Nalapad Brigade Centre at the Realty Plus Excellence Awards (South) 2016. > Brigade Group also won CSR Initiative of the year for the Redevelopment of Sitharampalya Lake at the Realty Plus Excellence Awards (South) 2016. > Brigade Exotica won the Runners Up Award in the High Rise Building category at the 6th Annual Construction Week India Awards 2016. > Also at the 6th Annual Construction Week India Awards 2016 - Mr. Jaishankar won the Real Estate Person of the Year Award, and Ms. Nirupa Shankar won the -Young Entrepreneur of the Year Award. > Aspen@ Brigade Orchards, won the ICI - Birla Super Jury Appreciation Award for Outstanding Concrete Structure of Karnataka 2016 in the Building Category. For information on Brigade Group, please visit BrigadeGroup.com or contact us at westors@brigadegroup.com For more information, please contact: Mathew Abraham, Brigade Enterprises Ltd., |, Sr. DGM- Corporate Communications &PR, |= /@ang, Phone: + 91 80 41379200 \e\ 580 E-mail: mathew@brigadegroup.com 2 } \e Vi ao Oo