Brigade Hotel Ventures: No Fund Use Deviation in Q1 FY27

Brigade Hotel Ventures Ltd has filed its statement of deviation or variation in the utilization of funds raised through Pre-IPO Placement and Initial Public Offer for the quarter ended June 30, 2026. The company confirms there has been no deviation or variation in the utilization of funds for both Pre-IPO Placement (₹126 Crores) and IPO (₹759.60 Crores). For the Pre-IPO placement, ₹122.61 Crores were allocated for General Corporate Purposes and ₹3.39 Crores for Pre-IPO expenses, with ₹0.28 Crores utilized for TDS payment in the quarter. For the IPO, funds were allocated for repayment of borrowings, land purchase, and strategic initiatives, with no utilization reported during the quarter as funds were fully utilized in prior periods or not utilized for specific objectives in this quarter.