Brigade Hotel Ventures Limited has officially declared the results of its postal ballot process on March 05, 2026, filing the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company successfully concluded shareholder voting on key corporate governance matters through remote e-voting system, with both resolutions receiving overwhelming approval from shareholders.

Postal Ballot Process Framework

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, along with applicable MCA circulars and listing regulations. The company engaged KFin Technologies Limited to provide remote e-voting facilities to equity shareholders for the proposed resolutions.

Resolution Details and Voting Outcomes

Shareholders voted on two ordinary resolutions, both achieving near-unanimous approval. The first resolution concerned the appointment of Mr. Mysore Ramachandrasetty Jaishankar (DIN: 00191267) as a Non-Executive, Non-Independent Director, who was initially appointed as Additional Director by the Board on December 16, 2025. The second resolution involved appointing M/s. ASR & Co. as Secretarial Auditors for financial year 2025-26 at a remuneration of Rs. 2,00,000 plus taxes and expenses.

Shareholder Participation Analysis

The postal ballot demonstrated exceptional shareholder participation with 357,297,321 votes polled out of 379,842,565 eligible shares, representing 94.0646% voting turnout. The Promoter and Promoter Group category, holding 281,430,000 shares, achieved 100% participation with unanimous support for both resolutions. Public institutions with 78,949,558 shares recorded 95.6428% participation, while public non-institutional shareholders showed 1.8382% participation rate.

Regulatory Compliance and Documentation

The entire process was supervised by CS Pramod S M, Designated Partner of BMP and Co. LLP, who served as the appointed scrutinizer. The scrutinizer's report confirmed compliance with all procedural requirements under the Companies Act, 2013 and SEBI regulations. Managing Director Nirupa Shankar (DIN: 02750342) digitally signed the regulatory filing on March 05, 2026, ensuring timely disclosure to NSE and BSE under the company's scrip symbol BRIGHOTEL and scrip code 544457.

The successful completion of this postal ballot process enables Brigade Hotel Ventures Limited to proceed with the approved appointments, strengthening its corporate governance framework and audit oversight for the financial year 2025-26.

Brigade Hotel Ventures Limited held its Q3FY26 earnings conference call on January 29, 2026, providing detailed insights into the company's strong financial performance and ambitious expansion strategy. The hospitality company demonstrated robust operational metrics while outlining comprehensive growth plans for the coming years.

Financial Performance Overview

The company reported consolidated total income of ₹143 crores for Q3FY26, representing a 14% year-on-year growth from ₹125 crores in Q3FY25. EBITDA increased by 17% to ₹51 crores compared to ₹44 crores in the corresponding quarter last year, with EBITDA margin standing at 35.9%. Profit after tax surged by 126% year-on-year to ₹22 crores from ₹10 crores in Q3FY25.

Operational Excellence and Market Performance

The company's operational metrics showed strong momentum with Average Room Rate (ARR) reaching ₹7,852 in Q3FY26 compared to ₹6,708 in Q3FY25, while maintaining occupancy at 76.1%. This translated into Revenue Per Available Room (RevPAR) of ₹5,973, reflecting 17% year-on-year growth.

Bangalore portfolio delivered exceptional performance with both ARR and RevPAR growing by 19% year-on-year, supported by an average occupancy of 76%. The Grand Mercure GIFT City also showed strong traction with ARR and RevPAR growing by 21% and 24% respectively.

Nine-Month Performance and Strategic Initiatives

For the nine months ended December 31, 2025, consolidated income reached ₹398 crores compared to ₹336 crores in the corresponding period, marking 19% growth. EBITDA for the nine-month period stood at ₹135 crores, up 17% from ₹115 crores in the previous year. The company maintained a strong net cash position of ₹132 crores as of December 31, 2025.

The company is advancing renewable energy adoption, currently at 66% usage across the portfolio, with some hotels exceeding 90% renewable energy utilization. Utilities as a percentage of operating revenue remained controlled at 5% for the quarter.

Expansion Pipeline and Capital Allocation

Brigade Hotel Ventures outlined an ambitious expansion plan to nearly double its portfolio over the next five years, adding 1,700 keys to reach 3,300 total keys by FY30. The development pipeline includes nine new hotels backed by investment of ₹3,600 crores.

The Courtyard by Marriott at Chennai World Trade Centre with 45 keys is expected to become operational in FY27. Construction has already commenced on two Fairfield properties, while Grand Hyatt Chennai awaits environmental clearance approval.

Market Outlook and Strategic Focus

Management expressed confidence in maintaining mid-to-high teens growth rates, supported by favorable demand-supply dynamics across key markets. In Bangalore, supply is projected to grow at 7.3% over the next five years while demand grows at 10.1%, creating positive pricing environment.

The company plans to launch two new F&B outlets this quarter - one at Sheraton Grand and another at Grand Mercure GIFT City - to enhance guest experiences and drive additional revenue streams. The management highlighted that F&B business grew 16% over the nine-month period, with expectations of continued high-teens growth.

Brigade Hotel Ventures remains well-positioned for sustainable growth with its strategic market positioning, strong operational fundamentals, and disciplined capital allocation approach across luxury, upper upscale, and upscale segments.