Brigade Hotel Ventures Limited has disclosed the results of a postal ballot conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ballot sought shareholder approval for material related party transactions with Brigade Enterprises Limited, the company's holding company and promoter.

The postal ballot was conducted through remote e-voting from 9:00 AM on May 23, 2026, to 5:00 PM on June 21, 2026. The scrutinizer, Ravishankar Srinivasan of ASR & Co., submitted his report on June 22, 2026. The resolution was deemed passed on June 21, 2026, being the last date of the remote e-voting.

Voting Results Breakdown

  • Total shareholders on record date: 39,559
  • Total outstanding shares: 379,842,565
  • Total votes polled: 72,160,810 (18.9976% of outstanding shares)
  • Votes in favor: 64,851,257 (89.8705% of votes polled)
  • Votes against: 7,309,503 (10.1295% of votes polled)

Category-wise Voting Details

Promoter and Promoter Group:

  • Shares held: 281,430,000
  • Votes polled: 0 (0.0000% of shares held)
  • All votes were cast through e-voting

Public - Institutions:

  • Shares held: 78,542,433
  • Votes polled: 71,763,233 (91.3687% of shares held)
  • Votes in favor: 64,462,567 (89.8268% of votes polled)
  • Votes against: 7,300,616 (10.1731% of votes polled)

Public - Non Institutions:

  • Shares held: 19,870,132
  • Votes polled: 397,577 (2.0009% of shares held)
  • Votes in favor: 388,690 (97.7647% of votes polled)
  • Votes against: 8,887 (2.2352% of votes polled)

Scrutinizer's Report Details

The scrutinizer noted that Brigade Enterprises Limited, being the promoter and an interested party, cast 281,430,000 votes (79.59% of total voting power) which were not considered in the final tally. The valid votes considered totaled 72,160,810.

  • Number of members who voted in favor: 423
  • Number of members who voted against: 30
  • Invalid votes: Not quantified in the disclosure
  • Abstained votes/less voted: 1,783 votes

The resolution was passed as an ordinary resolution. All voting records and documents have been handed over to Akanksha Bijawat, Company Secretary & Compliance Officer, for safekeeping. The results will be displayed on the company's notice board and uploaded to www.bhvl.in and www.evoting.kfintech.com.