Brigade Hotel Ventures Reports No Deviation in Fund Utilisation for Q3FY26
Brigade Hotel Ventures Limited filed its Q3FY26 fund utilisation statement confirming no deviation in the deployment of Rs. 885.60 crores raised through Pre-IPO placement and IPO. The company utilised Rs. 626.35 crores from IPO proceeds primarily for debt repayment and land acquisition, while Pre-IPO funds saw minimal utilisation of Rs. 0.04 crore during the quarter.
*this image is generated using AI for illustrative purposes only.
Brigade hotel ventures Limited has submitted its quarterly compliance report confirming no deviation in the utilisation of funds raised through recent capital raising exercises. The company filed the statement under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended December 31, 2025.
Fund Raising Overview
The company raised capital through two primary modes during 2025, with both exercises being monitored by CARE Ratings Limited as the designated monitoring agency.
| Fund Raising Mode: | Amount Raised | Date of Raising |
|---|---|---|
| Pre-IPO Placement: | Rs. 126 crores | July 3, 2025 |
| Initial Public Offer: | Rs. 759.60 crores | July 24-28, 2025 |
| Total Funds Raised: | Rs. 885.60 crores |
Pre-IPO Placement Fund Utilisation
The Pre-IPO placement of Rs. 126 crores was allocated across two primary objects. During Q3FY26, minimal utilisation occurred with only Rs. 0.04 crore being deployed.
| Object: | Original Allocation | Funds Utilised (Q3FY26) |
|---|---|---|
| General Corporate Purposes: | Rs. 122.61 crores | Nil |
| Pre-IPO Placement Expenses: | Rs. 3.39 crores | Rs. 0.04 crore |
| Total: | Rs. 126 crores | Rs. 0.04 crore |
The company utilised Rs. 0.04 crore towards reimbursement of issue expenses related to the pre-IPO placement that were incurred from its overdraft account.
IPO Fund Deployment
The IPO proceeds of Rs. 759.60 crores have seen substantial utilisation with Rs. 626.35 crores deployed across the stated objects by the end of Q3FY26.
| Object: | Original Allocation | Funds Utilised |
|---|---|---|
| Debt Repayment (Company): | Rs. 413.69 crores | Rs. 413.69 crores |
| Debt Repayment (Subsidiary): | Rs. 54.45 crores | Rs. 54.45 crores |
| Land Acquisition from BEL: | Rs. 107.52 crores | Rs. 107.52 crores |
| Strategic Initiatives & GCP: | Rs. 130.86 crores | Rs. 22.57 crores |
| Issue Expenses: | Rs. 53.08 crores | Rs. 28.12 crores |
| Total: | Rs. 759.60 crores | Rs. 626.35 crores |
Key Utilisation Highlights
The company completed full repayment of outstanding borrowings as planned, utilising Rs. 468.14 crores for debt repayment across the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited. The land acquisition transaction with promoter BEL was also completed with Rs. 107.52 crores deployed, including TDS remittance of Rs. 0.99 crore during the quarter.
For general corporate purposes, the company utilised Rs. 16.65 crores during Q3FY26 primarily for salary and electricity expenses. The cumulative utilisation towards general corporate purposes reached 3% of total gross proceeds by the end of the quarter.
Compliance and Oversight
The Audit Committee reviewed the fund utilisation statement in its meeting held on January 28, 2026. The company confirmed that all fund deployments align with the stated objects without any deviation or variation from the original allocation plan. CARE Ratings Limited continues to serve as the monitoring agency for both fund raising exercises, ensuring proper oversight of fund utilisation.
Historical Stock Returns for Brigade Hotel Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.10% | +0.02% | -3.13% | -28.57% | -30.27% | -30.27% |
18
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
