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Brigade Hotel Ventures Appoints Deloitte as Internal Auditor for FY 2026-27
Brigade Hotel Ventures Limited (BRIGHOTEL) has announced the appointment of M/s. Deloitte Touche Tohmatsu India LLP as its Internal Auditors for the financial year 2026-27. The Board also approved the unaudited financial results for the third quarter and nine months ended December 31, 2025. Additionally, M/s. ASR & Co. has been appointed as Secretarial Auditors for a five-year term starting from FY 2026-27 through FY 2030-31, pending shareholder approval. These moves indicate a strong commitment to enhancing corporate governance and internal control mechanisms.
Key Highlights
Appointed Deloitte Touche Tohmatsu India LLP as Internal Auditors for the 2026-27 financial year
Approved unaudited standalone and consolidated financial results for Q3 and 9M ending December 31, 2025
Appointed M/s. ASR & Co. as Secretarial Auditors for a 5-year tenure (FY 2026-27 to FY 2030-31)
Trading window for the company's shares will remain closed until January 31, 2026
The board meeting concluded at 5:45 p.m. on January 28, 2026
💼 Action for Investors
The engagement of a 'Big Four' firm like Deloitte for internal auditing is a positive signal for corporate governance. Investors should review the detailed Q3 financial results to assess the company's operational performance.
Brigade Hotel Ventures Reports Zero Deviation in Utilization of ₹885.6 Cr IPO & Pre-IPO Funds
Brigade Hotel Ventures Limited has confirmed zero deviation in the utilization of funds raised through its Pre-IPO (₹126 crore) and IPO (₹759.60 crore) for the quarter ended December 31, 2025. The company has successfully utilized ₹468.14 crore for debt repayment and ₹107.52 crore for land acquisition from its promoter, BEL. While some funds were routed through an OD account leading to technical co-mingling, the Audit Committee and CARE Ratings have verified the usage. Total cumulative utilization from the IPO proceeds stands at ₹626.35 crore as of the quarter end.
Key Highlights
No deviation reported in the utilization of ₹759.60 crore IPO proceeds and ₹126 crore Pre-IPO placement.
₹468.14 crore fully utilized for repayment/prepayment of borrowings for the company and its subsidiary SRP Prosperita.
₹107.52 crore fully utilized for purchasing undivided share of land from promoter Brigade Enterprises Limited (BEL).
₹16.65 crore utilized during Q3FY26 for General Corporate Purposes including salaries and electricity expenses.
Monitoring agency CARE Ratings Limited reviewed the statement, confirming adherence to the objects of the issue.
💼 Action for Investors
Investors should view this as a positive sign of corporate governance and disciplined capital allocation. The successful debt repayment significantly strengthens the balance sheet and reduces interest costs.
Brigade Hotel Ventures Q3 PAT Jumps 126% YoY to ₹21.7 Cr; Revenue Up 11.6%
Brigade Hotel Ventures reported a strong performance for Q3 FY26, with consolidated revenue growing 11.6% YoY to ₹138.8 crore. Net profit saw a massive surge of 125.8% YoY, reaching ₹21.7 crore, driven by operational efficiencies and a significant reduction in finance costs, which dropped by 45% YoY. For the nine-month period, the company's profit reached ₹39.5 crore, nearly four times the ₹10.6 crore reported in the previous year. The board also strengthened governance by appointing Deloitte as internal auditors for the upcoming fiscal year.
Key Highlights
Revenue from operations grew 11.6% YoY to ₹138.8 crore in Q3 FY26
Net Profit (PAT) surged 125.8% YoY to ₹21.7 crore from ₹9.6 crore in the same quarter last year
Finance costs significantly reduced to ₹9.3 crore in Q3 FY26 from ₹17 crore in Q3 FY25
9M FY26 PAT stands at ₹39.5 crore, a substantial increase from ₹10.6 crore in 9M FY25
Deloitte Touche Tohmatsu India LLP appointed as Internal Auditors for FY 2026-27
💼 Action for Investors
The company shows strong operational momentum and improved profitability due to lower interest burdens. Investors should maintain a positive outlook while monitoring the resolution of ongoing tax-related legal proceedings mentioned in the auditor's report.