Brigade Hotel Ventures MD, chairman, board of directors and AGM
NSE: BRIGHOTELBSE: 544457Leisure ServicesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹51.74.
- Next results date: the board meets on 26 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,939 Cr1,093rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 5 Aug 2026
- 28.4
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 Apr 2026
- 2.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record. The filing of 5 Aug 2026
- 7.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 5 Aug 2026
- 10.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 Apr 2026
- 0.14
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 7,91,92863.5% delivered
Brigade Hotel Ventures board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonMysore Ramachandrasetty Jaishankar
- Managing directorNirupa Shankar
- Company Secretary and Compliance OfficerAkanksha Bijawat
8 directors4 independent1 executive3 non-executive
- Mysore Ramachandrasetty Jaishankar · ChairpersonNon-executive · joined Dec 2025 · 2 listed boards
- Nirupa Shankar · Managing directorExecutive · joined Aug 2016 · reappointed Oct 2024 · 2 listed boards · 4 committee seats
- Amar MysoreNon-executive · joined Apr 2021 · 2 listed boards · 3 committee seats, 2 as chair
- Vineet VermaNon-executive · joined Aug 2016 · 1 listed board · 6 committee seats, 5 as chair
- Bijou KurienIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 7 listed boards · 7 as independent · 10 committee seats, 5 as chair
- Anup Sanmukh ShahIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 2 as chair
- Jyoti NarangIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
- Nakul AnandIndependent · joined Oct 2024 · reappointed Oct 2024 · 23 months as independent · 1 listed board · 1 as independent · 3 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 5 Aug 20268 of 8 present4 independent · 98 days in between
- 28 Apr 20268 of 8 present4 independent
Audit Committee
Chair Bijou Kurien
Anup Sanmukh Shah, Jyoti Narang, Nakul Anand, Vineet Verma
- 5 Aug 20265 of 5 present4 independent · 98 days in between
- 28 Apr 20265 of 5 present4 independent
Nomination and remuneration committee
Chair Anup Sanmukh Shah
Bijou Kurien, Nakul Anand, Amar Mysore
- 5 Aug 20264 of 4 present3 independent · 98 days in between
- 28 Apr 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair Vineet Verma
Nirupa Shankar, Anup Sanmukh Shah, Jyoti Narang
- 28 Apr 20264 of 4 present2 independent
Risk Management Committee
Chair Amar Mysore
Nirupa Shankar, Bijou Kurien, Jyoti Narang, Nakul Anand
- 28 Apr 20265 of 5 present3 independent
Corporate Social Responsibility Committee
Chair Nirupa Shankar
Amar Mysore, Jyoti Narang, Nakul Anand
- 28 Apr 20264 of 4 present2 independent
Committee of Directors
Chair Nirupa Shankar
Amar Mysore, Vineet Verma, Bijou Kurien
- 5 Aug 20264 of 4 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- S.R. Batliboi & Associates LLPPeer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Brigade Hotel Ventures AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Brigade Hotel Ventures share news and announcements
Postal ballot, 3 Oct 2026
40,233 shareholders on the register on 28 Aug 2026; votes counted by Ravishankar Srinivasan / ASR & Co.The company's voting result (opens in a new tab)
- Approval of ‘BHVL Employee Stock Option Plan 2026’ and grant of Employee Stock Options to the Employees of the Company under the PlanSpecial96.01% for3.99% against
Against: promoters 0.00% · institutions 19.22% · other public 1.20%
Turnout: all 93.82% · promoters 100.00% · institutions 96.37% · other public 4.55%
- Approval of material related party transactions with SRP Prosperita Hotel Ventures Limited, a Subsidiary of the CompanyOrdinary96.94% for3.06% against
Against: promoters 0.00% · institutions 14.58% · other public 12.89%
Turnout: all 93.82% · promoters 100.00% · institutions 96.37% · other public 4.55%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 5 Aug 2026, 3 resolutions
39,362 shareholders on the register on 29 Jul 2026; present: 3 promoters and 78 others; votes counted by Ravishankar S / ASR & Co. LLP.The company's voting result (opens in a new tab)
To receive, consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, including the Audited Balance Sheet as at March 31, 2026 and the Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date together with the reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 1.24%
Turnout: all 93.86% · promoters 100.00% · institutions 96.40% · other public 1.43%
- To appoint a Director in place of Mr. Amar Shivram Mysore (DIN: 03218587) who retires by rotation and being eligible, offers himself for re-appointmentOrdinary96.97% for3.03% against
Against: promoters 0.00% · institutions 14.45% · other public 1.30%
Turnout: all 93.86% · promoters 100.00% · institutions 96.40% · other public 1.43%
- To Appoint Secretarial Auditors of the Company and fix their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.24%
Turnout: all 93.86% · promoters 100.00% · institutions 96.40% · other public 1.43%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 21 Jun 2026, 1 resolution
39,559 shareholders on the register on 15 May 2026; votes counted by Ravishankar Srinivasan / ASR & Co.The company's voting result (opens in a new tab)
- Approval of material related party transactions with Brigade Enterprises Limited, the Holding Company and PromoterOrdinaryPromoters have an interest in it89.87% for10.13% against
Against: promoters 0.00% · institutions 10.17% · other public 2.24%
Turnout: all 19.00% · promoters 0.00% · institutions 91.37% · other public 2.00%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 5 Mar 2026, 2 resolutions
41,605 shareholders on the register on 30 Jan 2026; votes counted by Mr. Pramod S M / BMP & Co..The company's voting result (opens in a new tab)
- Appointment of Mr. Mysore Ramachandrasetty Jaishankar (DIN: 00191267) as a Non-Executive, Non-Independent Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.50%
Turnout: all 94.06% · promoters 100.00% · institutions 95.64% · other public 1.84%
- Appointment of Secretarial Auditors for the financial year 2025-26 and fixing their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.46%
Turnout: all 94.06% · promoters 100.00% · institutions 95.64% · other public 1.84%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 5 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, including the Audited Balance Sheet as at March 31, 2026 and the Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date together with the reports of the Board of Directors and Auditors thereonMoreLess
2 for0 against- To appoint a Director in place of Mr. Amar Shivram Mysore (DIN: 03218587) who retires by rotation and being eligible, offers himself for re-appointment2 for0 against
- To Appoint Secretarial Auditors of the Company and fix their remuneration2 for0 against
Mutual fund votes, meeting of 21 Jun 2026, 6 fund houses
- Approval of material related party transactions with Brigade Enterprises Limited, the Holding Company and Promoter
Against Edelweiss Mutual Fund, Motilal Oswal Mutual Fund
- Edelweiss Mutual FundNon-Compliant with RPT Industry Standards and SEBI Circular: Non-disclosure of required information as per the RPT Industry Standards mandated by SEBI. Governance & Transparency Concern: No clarity w.r.t. to the basis of arm’s length pricing.
- Motilal Oswal Mutual Fundnot compliant with industry standards
4 for2 against
1 earlier meeting
Mutual fund votes, meeting of 5 Mar 2026, 6 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Appointment of Mr. Mysore Ramachandrasetty Jaishankar (DIN: 00191267) as a Non-Executive, Non-Independent Director of the Company5 for0 against
- Appointment of Secretarial Auditors for the financial year 2025-26 and fixing their remuneration5 for0 against
2 proposals not matched to one resolution
- 1) Appoint Mysore Ramachandrasetty Jaishankar (DIN: 00191267) as Non-Executive Non-Independent Director from 16 December 2025, liable to retire by rotation.1 for0 against
- 2) Appoint Mysore Ramachandrasetty Jaishankar (DIN: 00191267) as Non-Executive Non-Independent Director from 16 December 2025, liable to retire by rotation.1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltyBruhat Bengaluru Mahanagara Palike (BBMP)Since 10 Sep 2026
One Time Fine
Non approved Garbage Vendor - Tax disputeJoint Commissioner Bengaluru GST Appeals-IISince 18 Mar 2022Appeal filed before Tribunal on 27-06-2026
At the filing before: Our Company (“Appellants”) filed a Memorandum of Appeal before the Commissioner of Central Tax (Appeals) (“CIT(A)”) against the Assistant Commissioner of Central Tax (“Respondent”) for disparity in Input Tax Credits availed. The Respondent issued a show cause notice dated March 18, 2022 to pay ineligible Input Tax Credits amounting to Rs. 18.69 million availed on Goods and Services Tax (“GST”) alongside penalty of 10% in keeping with Section 50(3) of the Central Goods and Services Tax Act of 2017. The Appellant filed a response in contestation dated June 9, 2022 and was heard by the Respondent on October 27, 2023, leading to an order confirming the ITC demand as well as interest of 10% aggregating Rs. 20.56 million, giving rise to this appeal. The Appellants thereby filed an appeal before the CIT(A) at Bengaluru, Karnataka, for setting aside of the order.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| OthersJul 2025, checked by CARE Ratings Limited | 126.00 | General Corporate Purpose | 122.61 | 0.00 | No |
| OthersJul 2025, checked by CARE Ratings Limited | 126.00 | Expenses in relation to the Pre-IPO Placement | 3.39 | 3.38 | No |
| Public IssuesJul 2025, checked by CARE Ratings Limited | 759.60 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited | 468.14 | 468.14 | No |
| Public IssuesJul 2025, checked by CARE Ratings Limited | 759.60 | Payment of consideration for buying of Undivided Share of Land from our Promoter, BEL | 107.52 | 107.52 | No |
| Public IssuesJul 2025, checked by CARE Ratings Limited | 759.60 | Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | 130.86 | 39.80 | No |
| Public IssuesJul 2025, checked by CARE Ratings Limited | 759.60 | Expenses in relation to the Issue | 53.08 | 47.52 | No |