Brigade Hotel Ventures Ltd

Brigade Hotel Ventures Ltd. has announced a Board of Directors meeting scheduled for October 26, 2026, to approve the unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026. The company has also scheduled an investor conference call for October 27, 2026, at 2:30 PM IST to discuss these financial and operational performance results. The trading window for designated persons will be closed from October 1, 2026, to October 28, 2026, in compliance with SEBI regulations.

Brigade Hotel Ventures Ltd. has announced the closure of its trading window from October 1, 2026, to October 28, 2026. This closure is in anticipation of the Board of Directors meeting on October 26, 2026, to approve the unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. The company has also scheduled a conference call for October 27, 2026, to discuss the financial and operational performance. This measure aligns with SEBI regulations on insider trading prevention.

Brigade Hotel Ventures Ltd has announced the closure of its trading window for Designated Persons and their immediate relatives. The closure is effective from Thursday, October 01, 2026, and will remain in effect until 48 hours after the declaration of financial results for the second quarter and half year ending September 30, 2026. This measure is implemented in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The date for the Board Meeting to approve these financial results will be communicated subsequently.

Brigade Hotel Ventures Limited (BHVL) has announced the appointment of Vinay Gupta as its new Chief Executive Officer. Gupta, who has a 20-year association with BHVL, previously served in leadership roles at InterGlobe Hotels & Accor and SAMHI, managing portfolios of over 25 hotels. His expertise lies in driving business growth, scaling operations, and enhancing asset performance in the hospitality sector. BHVL, a subsidiary of Brigade Enterprises Limited, owns and operates nine hotels across India with 1,604 keys, partnering with global brands like Marriott and Accor. This appointment signifies BHVL's strategic focus on expansion and strengthening its leadership team for future growth.

Brigade Hotel Ventures Ltd has uploaded the transcript of its Tenth Annual General Meeting (AGM), which was held on Wednesday, August 05, 2026. The transcript is now available on the company's official website under the investors section, specifically in the 'Regulation 46/AGM Voting Results' subsection. Shareholders and interested parties can access this document for detailed information discussed during the meeting.

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.