Statement of deviation (s) or variation (s) under Reg.32 for the quarter ended September 30, 2026

BHVL/NSEBSE/ REG32/26102026 October 26, 2026 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Mumbai – 400 001 Re.: Scrip Symbol: BRIGHOTEL /Scrip Code: 544457 Dear Sir / Madam, Subject: Regulation 32 - Statement of Deviation or Variation in utilisation of funds raised through Pre IPO Placement (‘Private Placement’) and Initial Public Offer (‘IPO’), for quarter ended September 30, 2026 We are enclosing herewith the statement of deviation or variation in the utilisation of funds raised through the Pre-IPO Placement (‘Private Placement’) and Initial Public Offer (IPO) pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended September 30, 2026, duly reviewed by the Audit Committee in its meeting held on October 26, 2026. We hereby confirm that there is no deviation or variation in the utilisation of funds raised through Pre-IPO Placement (‘Private Placement’) and Initial Public Offer (IPO). Kindly take the same on your records. Thanking you, Yours faithfully, For Brigade Hotel Ventures Limited Akanksha Bijawat Company Secretary & Compliance Officer Encl: a/a Statement of Deviation/Variation in utilisation of funds raised through the Pre-IPO Placement (‘Private Placement’) Name of the listed entity Brigade Hotel Ventures Limited Mode of Fund Raising Pre IPO Placement Date of Raising Funds July 3, 2025 Amount Raised Rs. 126 Crores Report filed for Quarter ended Septembers 30, 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation / Variation in use of funds raised Not Applicable yes, whether the same is pursuant to change in terms of a Not Applicable contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review Not Applicable Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table Original Objects Modified Original Modified Funds Amount Remarks if any Object, if Allocation allocation, Utilised of any (Rs. In if any (Rs. In Deviation/ Crores) Crores) Variation for the quarter according applicable object 1. General Corporate N.A. Rs. 122.61 N.A. 18.28 N.A. During the quarter, Purposes the Company utilized ₹18.28 crore towards construction expenses for upcoming projects. Such utilization falls within the definition of GCP under the category of "any other purpose 2. Expenses in relation to N.A. Rs. 3.39 N.A. 3.38 N.A. There was no the Pre-IPO Placement utilization during the quarter Total Rs. 126 Rs. 21.66 Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc For Brigade Hotel Ventures Limited Akanksha Bijawat Company Secretary & Compliance Officer Statement of Deviation/Variation in utilisation of funds raised through Initial Public Offer (IPO) Name of the listed entity Brigade Hotel Ventures Limited Mode of Fund Raising Initial Public Offer Date of Raising Funds July 24, 2025 to July 28, 2025 Amount Raised Rs. 759.60 Crores Report filed for Quarter ended September 30, 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation / Variation in use of funds raised Not Applicable yes, whether the same is pursuant to change in terms of a Not Applicable contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review Not Applicable Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table Original Objects Modi Original Modifi Funds Amount of Remarks if any fied Allocation ed Utilised Deviation/ Objec (Rs. In allocati (Rs. In Variation for t, if Crores) on, if Crores) the quarter any any according to applicable object 1. Repayment/ prepayment, in N.A. 468.14 N.A. 468.14 N.A. No utilization was made during the full or in part, of certain quarter, as the funds outstanding borrowings allocated towards this availed by: object had already been fully utilized in a) the company; and N.A. 413.69 N.A. 413.69 N.A. prior periods. b) Material Subsidiary, N.A. 54.45 N.A. 54.45 N.A. namely, SRP Prosperita Hotel Ventures Limited 2. Payment of consideration for N.A. 107.52 N.A. 107.52 N.A. No utilization was buying of Undivided Share of made during the Land from our Promoter, BEL quarter, as the funds allocated towards this object had already been fully utilized in prior periods. 3. Pursuing inorganic growth N.A. 130.86 N.A. 39.80 N.A. No funds were utilized through unidentified towards this object, acquisitions and other during the quarter strategic initiatives and general corporate purposes 4. Expenses in relation to the N.A. 53.08 N.A. 47.52 N.A. No funds were utilized Issue towards this object, during the quarter Total Rs. 759.60 Rs. 662.98 Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc For Brigade Hotel Ventures Limited Akanksha Bijawat Company Secretary & Compliance Officer