Monitoring Agency Report for the quarter ended June 30, 2026

Ref: BHVL/NSEBSE/RMA/05082026 August 05, 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, Sub: Regulation 32(6) – Report of Monitoring Agency on the utilization of proceeds raised through Pre-IPO Placement (‘Private Placement’) and Initial Public Offer (‘IPO’), for quarter ended June 30, 2026 Pursuant to Regulation 32(6) of the Listing Regulations read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), We have enclosed the Monitoring Agency report dated August 05, 2026 issued by CARE Ratings Limited, in respect of utilization of proceeds raised through the issue of equity shares by way of Pre-IPO Placement (‘Private Placement’) and Initial Public Offering (IPO), for the quarter ended June 30, 2026. The above report has been placed before and considered by the Audit Committee in its meeting held today i.e. on August 05, 2026. 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 Monitoring Agency Report No. CARE/BRO/GEN/2026-27/1022 The Board of Directors Brigade Hotel Ventures Limited 29th & 30th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram, Bengaluru – 560055 August 05, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Pre-IPO placement of Brigade Hotel Ventures Limited (“the Company”) We write in our capacity of Monitoring Agency for the Pre-IPO placement for the amount aggregating to Rs. 126 crore of the Company and refer to our duties cast under Regulation 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated July 14, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Amit Chanchalani Associate Director Amit.Chanchalani@careedge.in Report of the Monitoring Agency Name of the issuer: Brigade Hotel Ventures Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Nil (b) Range of Deviation: Nil Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name of the Authorized Signatory: Amit Chanchalani Designation of Authorized person/Signing Authority: Associate Director 1) Issuer Details: Name of the issuer : Brigade Hotel Ventures Limited (BHVL) Name of the promoter : Brigade Enterprises Limited (BEL) Industry/sector to which it belongs : Leisure Services - Hotels & Resorts 2) Issue Details Issue Period : July 03, 2025 (Private Placement) Type of issue (public/rights) : Pre-IPO Placement (Private Placement) Type of specified securities : Equity Shares IPO Grading, if any : None Issue size (in crore) : ₹126.00 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Board of Monitoring Agency preparation of report Directors Whether all utilization is as per the disclosures in the Offer Bank Statements, CA Certificate*, The proceeds utilized during the No comments Document? Management Certificate quarter, are towards stated objects received Whether shareholder approval has been obtained in case of Not No comments material deviations# from expenditures disclosed in the Offer Not Applicable No deviation applicable received Document? Whether the means of finance for the disclosed objects of the No comments No Management Certificate, CA Certificate* No comments issue have changed? received No deviation has been observed Is there any major deviation observed over the earlier No comments No Previous Monitoring Agency Report compared to the previous monitoring agency reports? received monitoring agency report. Whether all Government/statutory approvals related to the Not No comments Management Certificate, CA Certificate* Not applicable object(s) have been obtained? applicable received Whether all arrangements pertaining to technical Not No comments Management Certificate, CA Certificate* Not applicable assistance/collaboration are in operation? applicable received Are there any favorable/unfavorable events affecting the No comments No Management Certificate, CA Certificate* No comments viability of these object(s)? received Is there any other relevant information that may materially No comments No Management Certificate, CA Certificate* No comments affect the decision making of the investors? received *The details are verified by Manian & Rao vide its CA certificate dated July 30, 2026. #Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents. 4) Details of objects to be monitored: (i) Cost of objects – Comments of the Board of Directors Source of information / Original cost Comments of Particulars of - Sr. Item certifications considered by (as per the Offer Revised Cost the Reason for cost Proposed firm No Head Monitoring Agency for Document) in Rs. in Rs. Crore Monitoring revision financing option arrangements preparation of report Crore Agency made Final Prospectus^, CA Not No comments No comments No comments 1 General Corporate Purpose# Certificate*, Management 122.61 - applicable received received received Certificat [Showing first 8,000 characters — download PDF for full document]