Brigade Hotel Ventures Shareholders Approve ₹290 Crore Related-Party Transactions with Brigade Enterprises

Shareholder Vote Clears ₹290 Crore Parent-Company Transactions

Brigade Hotel Ventures Limited secured shareholder approval for material related party transactions with Brigade Enterprises Limited worth up to ₹290 crore through a remote e-voting process that ended on June 21, 2026. The results were declared on June 22, 2026.

Voting Outcome

The resolution received strong support from public shareholders, with 89.8705% of the votes polled in favour and 10.1295% against. Brigade Enterprises Limited, being the promoter and an interested party, did not participate in the voting.

CS Ravishankar Srinivasan of ASR & Co. served as the scrutinizer for the process.

Scope and Duration

The transactions, which include land purchase and property leases, represent 55% of the company's annual consolidated turnover for FY 2025-26. The transactions are permitted for a period commencing from the date of passing the resolution until the expiry of twelve months thereafter.

About Brigade Hotel Ventures

Brigade Hotel Ventures is a fully owned subsidiary of Brigade Enterprises Limited, managing a portfolio of nine operational hotels spread across Bengaluru and Mysuru in Karnataka, Chennai (Tamil Nadu), Kochi (Kerala), and GIFT City (Gujarat), with a total of 1,604 rooms. These hotels are operated under management agreements with international hospitality brands such as Marriott, Accor, and InterContinental Hotels Group.

Brigade Hotel Ventures was listed on BSE and NSE on July 31, 2025, following an IPO bidding period from July 24 to July 28, 2025.

The detailed scrutinizer's report and voting results have been uploaded to the company's website and the websites of the stock exchanges.