Brigade Hotel Ventures Ltd

Brigade Hotel Ventures Ltd announced the approval of its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. The company also approved the "BHVL Employee Stock Option Plan 2026", subject to shareholder approval. Additionally, Mr. Vinay Gupta has been appointed as the new Chief Executive Officer and Key Managerial Personnel, effective August 17, 2026. The board meeting, which commenced at 2:30 p.m. and concluded at 5:05 p.m., also reviewed the limited review report from the statutory auditors.

Brigade Hotel Ventures Ltd announced the approval of its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. The company also approved a new Employee Stock Option Plan titled “BHVL Employee Stock Option Plan 2026”, subject to shareholder approval. Additionally, Mr. Vinay Gupta has been appointed as the new Chief Executive Officer and Key Managerial Personnel, effective August 17, 2026. The trading window is set to reopen on August 10, 2026.

Brigade Hotel Ventures Ltd. (BHVL) reported a significant 140% year-on-year surge in Profit After Tax (PAT) to ₹17 Crore for the first quarter of FY27, up from ₹7 Crore in Q1 FY26. Consolidated total revenue saw a modest 5% increase to ₹131 Crore. Operating EBITDA grew by 9% to ₹46 Crore. Key growth drivers included room revenue, with Average Room Rate (ARR) up 7% and Revenue Per Available Room (RevPAR) up 9%. Bengaluru properties led the growth with RevPAR up 10%. The company highlighted resilient domestic demand, strong pricing power, and cost discipline as contributing factors. Expansion plans include doubling keys and diversifying the portfolio. The quarter also saw the rebranding of a Kochi property and the upcoming launch of a Chennai property.

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.

Brigade Hotel Ventures Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by CARE Ratings Limited, confirms the utilization of proceeds raised through Pre-IPO Placement and Initial Public Offering. The company reported nil deviation from the stated objects and nil range of deviation in fund utilization for the period. The Audit Committee has reviewed and considered this report.

Brigade Hotel Ventures Ltd announced the appointment of Mr. Vinay Gupta as the new Chief Executive Officer and Key Managerial Personnel, effective August 17, 2026. Mr. Gupta brings over 30 years of global hospitality experience, having previously led significant portfolios for InterGlobe Hotels & Accor and headed a portfolio of 25+ hotels across India for SAMHI. The company's Board of Directors also approved the unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026, along with the Limited Review Report. Additionally, a new "BHVL Employee Stock Option Plan 2026" was approved, subject to shareholder approval.

Brigade Hotel Ventures Ltd has announced the closure of its trading window from July 1, 2026, to August 8, 2026. This closure is in anticipation of the Board of Directors meeting scheduled for August 5, 2026, to approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company has also scheduled a conference call for August 6, 2026, to discuss the Q1 FY'27 financial and operational performance. The trading window closure is in line with SEBI regulations concerning insider trading.

Brigade Hotel Ventures Ltd. has announced a Board of Directors meeting scheduled for August 5, 2026, to approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company also announced a conference call on August 6, 2026, to discuss the Q1 FY'27 financial and operational performance. The trading window for designated persons will be closed from July 1, 2026, to August 8, 2026, in compliance with SEBI regulations.

Brigade Hotel Ventures Ltd has announced its Tenth Annual General Meeting (AGM) will be held on August 5, 2026, at 11:00 a.m. IST via video conference. The company is providing shareholders who have not registered their email addresses with a web-link and QR code to access the Annual Report for the financial year 2025-26. Electronic copies of the AGM notice and Annual Report are being sent to registered shareholders. Shareholders can also access these documents on the company's website and stock exchange websites. Physical copies can be requested via email.

Brigade Hotel Ventures Ltd has filed its Annual Report for FY 2025-26, along with the Notice of its Tenth Annual General Meeting (AGM) and the Business Responsibility and Sustainability Report. The company has successfully completed its IPO and listed on BSE and NSE on July 31, 2025. The report highlights the transition into an independent hospitality company, with nine operational hotels and a pipeline of nine upcoming properties. The AGM is scheduled for August 5, 2026, via Video Conferencing. Electronic copies of the report and notice have been dispatched to shareholders.