Brigade Hotel Ventures Limited announced significant board decisions during its meeting held on December 16, 2025, focusing on key leadership and governance appointments.

Leadership Appointment

The board appointed Mr. Mysore Ramachandrasetty Jaishankar as an Additional Director in the category of Non-Executive, Non-Independent Director, effective December 16, 2025. Subsequently, the board also appointed him as Non-Executive Chairman of the Board with immediate effect.

Mr. Jaishankar brings nearly four decades of experience in the real estate development sector. The 71-year-old professional holds a Bachelor of Science degree and a Master of Business Administration degree. His guidance and dedication have been instrumental in Brigade's evolution into a multinational, multi-domain, and multi-city organization.

Professional Background and Achievements

Mr. Jaishankar played a crucial role in establishing the Brigade Group as a market leader in real estate development. His achievements extend beyond construction, encompassing contributions to education, health, community development, and social philanthropy. He has received numerous awards for his contributions to the real estate sector.

The appointment is based on the recommendation of the Nomination Remuneration Committee. Mr. Jaishankar is not debarred from holding office as an Additional Director by virtue of any Securities and Exchange Board of India (SEBI) order or order of any other regulatory authority.

Secretarial Auditor Appointment

The board approved the appointment of M/s. ASR Co. as Secretarial Auditors for the financial year 2025-26, subject to shareholder approval through postal ballot.

ASR Co. is a firm of Company Secretaries with a team of consultants, advisors, and qualified professionals having collective experience of over four decades in corporate law. The firm comprises lawyers, company secretaries, and chartered accountants who provide guidance in navigating legal and regulatory requirements.

Firm Expertise

ASR's expertise spans regulatory compliance, contract drafting and execution, transaction advisory, corporate litigation, employment laws and industrial relations, audit and assurance, and intellectual property information technology.

Family Connection

Mr. Mysore Ramachandrasetty Jaishankar is the father of Ms. Nirupa Shankar, who serves as the Managing Director of Brigade Hotel Ventures Limited. This relationship has been disclosed in accordance with regulatory requirements under Regulation 30 of the SEBI Listing Regulations.

The board meeting commenced at 6:30 p.m. and concluded at 6:50 p.m. on December 16, 2025. All information has been hosted on the company's website at www.bhvl.in as per regulatory compliance requirements.

Brigade Hotel Ventures Limited (BHVL) has reported a strong financial performance for the second quarter of fiscal year 2026, with plans for significant expansion in the coming years. The company, which currently operates nine hotels with 1,600 keys, aims to double its portfolio over the next five years.

Financial Highlights

BHVL's Q2 FY26 results showcase robust growth:

The company's EBITDA growth was impacted by an additional property tax expense of INR 6.00 crores. Excluding this, operational EBITDA would have registered a 25% growth year-on-year.

Operational Performance

BHVL's hotels, particularly in Bangalore, delivered strong performance:

• Average Room Rate (ARR) grew by 19%
• Average occupancy reached 75.6%
• Revenue Per Available Room (RevPAR) increased by 14% year-on-year

The company's Gift City property also showed impressive growth, with ARR and RevPAR increasing by 23% and 16% respectively.

Expansion Plans

BHVL has announced ambitious expansion plans:

• Addition of approximately 1,700 keys over the next five years
• Total capex investment of INR 3,600.00 crores

Key upcoming projects include:

• Courtyard by Marriott in Chennai World Trade Centre
• Two Fairfield by Marriott hotels in Bangalore
• Grand Hyatt Chennai on ECR
• InterContinental Hotel in Hyderabad
• Ritz-Carlton Wellness Resort in Vaikom, Kerala
• JW Marriott in Chennai
• Marriott in Thiruvananthapuram
• An upscale hotel near Tumkur Road in Bangalore

Strategic Initiatives

The company is focusing on enhancing guest experiences and driving F&B revenue:

• Relaunched the signature restaurant 'By The Blue' at Grand Mercure Bangalore
• Renovation underway for the bar at Grand Mercure Gift City
• Plans to introduce new Pan-Asian restaurants

BHVL is also committed to sustainability, with nearly 60% of its energy coming from renewable sources. Some hotels have achieved over 90% renewable energy usage.

Outlook

Management expects the growth momentum to continue in H2 FY26, supported by:

• Robust corporate demand
• Festival travel
• Longer leisure stays
• Wedding season

With a strong pipeline of projects and a focus on operational excellence, Brigade Hotel Ventures Limited appears well-positioned for continued growth in the Indian hospitality sector.

Recent Awards

The company's Sheraton Grand Bangalore at Brigade Gateway received two prestigious awards from SATA for:

1. Leading City Hotel
2. Leading Meeting and Conference Hotel

Additionally, the hotel's General Manager was honored at the ET F&B Achiever Conclave 2025 by the Times of India.

As the Indian hospitality sector continues to recover and grow, BHVL's strategic expansion and focus on premium properties could potentially lead to enhanced market presence and financial performance in the coming years.