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.

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.

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.

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.

Brigade Hotel Ventures Limited announced its unaudited consolidated financial results for the third quarter ended December 31, 2025, demonstrating strong operational performance and strategic governance enhancements. The hospitality company reported significant growth across key financial metrics while making important auditor appointments to strengthen its corporate governance framework.

Financial Performance Highlights

The company delivered robust financial results for Q3FY26, with consolidated revenue from operations reaching ₹13,876 lakhs compared to ₹12,435 lakhs in the corresponding quarter of the previous year, representing an 11.6% year-on-year growth. Total income for the quarter stood at ₹14,292 lakhs, including other income of ₹416 lakhs.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained its growth trajectory with consolidated revenue from operations of ₹38,864 lakhs, up from ₹33,414 lakhs in the corresponding period of the previous year. The nine-month profit reached ₹3,948 lakhs compared to ₹1,055 lakhs in the previous year, reflecting strong operational efficiency and business expansion.

Board Decisions and Corporate Governance

During the Board meeting held on January 28, 2026, directors approved several key appointments to strengthen the company's audit and compliance framework:

Deloitte Touche Tohmatsu India LLP, a leading professional services firm with extensive experience in audit and assurance services, will serve as Internal Auditors. ASR & Co., a peer-reviewed practicing company secretaries firm with over four decades of collective experience in corporate law, has been appointed as Secretarial Auditors for a five-year term subject to shareholder approval.

Standalone Performance

The company's standalone financial results also showed strong performance, with revenue from operations of ₹12,043 lakhs in Q3FY26 compared to ₹10,833 lakhs in Q3FY25. Standalone profit before tax reached ₹2,499 lakhs, while profit after tax stood at ₹1,867 lakhs for the quarter.

Earnings and Capital Structure

Earnings per share for Q3FY26 stood at ₹0.53 on both basic and diluted basis, compared to ₹0.30 in the corresponding quarter of the previous year. The paid-up equity share capital remained at ₹37,984 lakhs with a face value of ₹10 per share. During the nine months ended December 31, 2025, the company completed significant capital raising activities including a Pre-IPO placement and Initial Public Offering, with equity shares listed on NSE and BSE on July 31, 2025.

The company continues to focus on its hospitality business operations while maintaining strong financial discipline and governance standards. The trading window, which was closed from January 1, 2026, is scheduled to reopen on January 31, 2026.