Brigade Hotel Ventures: Monitoring Agency Report for ₹126 Cr Pre-IPO

Brigade Hotel Ventures Ltd has submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by CARE Ratings Limited, covers the utilization of proceeds from a Pre-IPO Placement of ₹126 crore and an Initial Public Offering (IPO). The monitoring agency confirmed 'Nil' deviation from the stated objects and 'Nil' range of deviation in fund utilization. This indicates that the funds raised through the Pre-IPO Placement, which occurred on July 03, 2025, have been utilized as intended. The Audit Committee reviewed and considered this report in its meeting held on April 28, 2026.