Brigade Hotel Ventures Ltd

Brigade Hotel Ventures Ltd (BHVL) celebrates Grand Mercure Mysuru's 10th anniversary and announces a ₹3,600 crore investment plan to add 1,700 new keys over the next five years. BHVL will invest ₹1,000 crore in Karnataka over the next five years, focusing on new projects and modernizing existing assets. The company aims to capitalize on the growing tourism sector in Mysuru, which is projected to grow at a CAGR of 8-10%.

Brigade Hotel Ventures Limited and Marriott International have opened the Courtyard by Marriott Kochi Infopark, an upgraded and rebranded hotel formerly known as Four Points by Sheraton Kochi Infopark. The 218-room hotel is located in Kakkanad, adjoining Infopark Kochi, and is designed for corporate, MICE, and leisure travelers. The hotel features flexible workspaces, smart TVs, high-speed WiFi, meeting and event space, dining options, a rooftop infinity pool, a fitness center, and a spa.

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.

Brigade Hotel Ventures Ltd. announced the resignation of Mr. Manoj Agarwal, Chief Operating Officer (COO) and Senior Management Personnel. His resignation, tendered on April 16, 2026, was due to personal reasons, including a decision to relocate from Bangalore to be closer to his family. The Board approved his resignation, and he will be relieved from his duties at the close of business hours on July 16, 2026. Additionally, the Board approved the audited consolidated and standalone financial results for the fourth quarter and year ended March 31, 2026. The statutory auditors issued an unmodified opinion on these financial statements. The company's trading window, which closed on April 1, 2026, will reopen on May 1, 2026.

Brigade Hotel Ventures Ltd's Board of Directors met on April 28, 2026, to approve the audited consolidated and standalone financial results for the fourth quarter and full financial year ended March 31, 2026. The Statutory Auditors, M/s. S.R. Batliboi & Associates LLP, issued an unmodified (unqualified) opinion on both the standalone and consolidated financial statements for FY26. Additionally, Mr. Manoj Agarwal, Chief Operating Officer and Senior Management Personnel, tendered his resignation due to personal reasons, effective from the close of business hours on July 16, 2026. The company's trading window, which was closed from April 1, 2026, will reopen on May 1, 2026.

Brigade Hotel Ventures Ltd. (BHVL) reported strong financial results for Q4 FY26 and the full fiscal year FY26. For Q4 FY26, consolidated total revenue grew 8% to Y146 Crores, with Profit After Tax (PAT) surging 92% to Y25 Crores. EBITDA for the quarter increased 13% to Y58 Crores. Average Room Revenue (ARR) rose 7% YoY to Y8,066, and RevPAR increased 6% YoY to Y6,295, with occupancy at 78.0%. For the full FY26, consolidated revenue grew 15% to Y543 Crores, and PAT soared 174% to Y65 Crores. FY26 EBITDA was up 15% to Y192 Crores. F&B revenue also grew 15% to Y176 Crores. The company's FY26 ARR increased 11% to Y7,453, with occupancy at 76.1%, leading to a RevPAR of Y5,670. Managing Director Nirupa Shankar noted the resilience of assets and strong underlying demand, particularly in Bengaluru, despite Q4 occupancy being impacted by elevated airfares and temporary gas supply disruptions.

Brigade Hotel Ventures Ltd's Board of Directors met on April 28, 2026, and approved the audited consolidated and standalone financial results for the fourth quarter and year ended March 31, 2026. The statutory auditors, S.R. Batliboi & Associates LLP, issued an unmodified (unqualified) opinion on these financial statements. Additionally, Mr. Manoj Agarwal, Chief Operating Officer and Senior Management Personnel, tendered his resignation due to personal reasons, including relocation. His resignation was approved, and he will be relieved from duties on July 16, 2026. The trading window, which was closed from April 1, 2026, will reopen on May 1, 2026.

Brigade Hotel Ventures Ltd. has scheduled a Board Meeting for April 28, 2026, to review and approve its audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. In compliance with SEBI regulations, the trading window for Designated Persons and their immediate relatives will be closed from April 1, 2026, to April 30, 2026. Additionally, the company will host a conference call on April 29, 2026, at 2:30 PM IST to discuss its Q4 FY26 financial and operational performance.

Brigade Hotel Ventures Ltd. has announced that its Board of Directors will convene on Tuesday, April 28, 2026. The primary agenda for this meeting is to consider and approve the audited standalone and consolidated financial results for the fourth quarter and the full financial year ended March 31, 2026. In compliance with SEBI regulations, the trading window for designated persons and their immediate relatives will be closed from April 1, 2026, to April 30, 2026. Following the board meeting, the company will host a conference call on Wednesday, April 29, 2026, at 2:30 PM IST, where senior management will discuss the Q4 FY26 financial and operational performance.

Brigade Group, through its subsidiary Brigade Hotel Ventures Limited (BHVL), and Hyatt have announced plans for Grand Hyatt Chennai ECR and Hyatt House Bengaluru Devanahalli. Grand Hyatt Chennai ECR, signed earlier, will be a premier beachfront hotel with approximately 200 guest rooms, five dining venues, wellness facilities, and multiple event spaces. It is set to open in 2029. Hyatt House Bengaluru Devanahalli, signed recently, will feature 135 serviced apartments for both short and long-term stays. It is located near Kempegowda International Airport and is set to open in 2027. This development is part of Hyatt's strategic vision to expand its brand presence in key leisure and business destinations across India.