Brigade Hotel Ventures Undergoes Income Tax Survey: Full Cooperation Ensured

Brigade Hotel Ventures Limited has reported that the Income Tax Department conducted a five-day survey at its registered office in Bengaluru from December 9 to December 13, 2025. The survey was initiated under Section 133A of the Income Tax Act, 1961, and the company provided full cooperation to the authorities throughout the period.

The survey operations were conducted at the company's registered office located at World Trade Center, Brigade Gateway Campus, Bengaluru. Brigade Hotel Ventures stated that it extended all necessary documents and information to the Income Tax Department officials as requested. The company emphasized that its business operations continued as usual and were not impacted by the proceedings.

Brigade Hotel Ventures made the disclosure in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The disclosure was signed by Nirupa Shankar, Managing Director, and communicated to both exchanges. The information is also available on the company's official website at www.bhvl.in.

This survey highlights the increasing scrutiny on real estate and hospitality companies, particularly in terms of regulatory compliance and transparency. The Income Tax Department's actions are aimed at ensuring that companies adhere to tax laws and regulations. Brigade Hotel Ventures, known for its operations in the hotels and restaurants sector, has a strong track record of compliance and transparency.

The company's response to the survey demonstrates its commitment to maintaining high standards of corporate governance and regulatory adherence. While the financial impact of the survey cannot be determined at this point, the company's business operations have continued without any disruptions. The full cooperation extended to the authorities reflects the company's proactive approach to addressing regulatory requirements.

Brigade Hotel Ventures is a well-established player in the hospitality industry, with a diverse portfolio of properties and a focus on delivering high-quality services. The company's ability to navigate regulatory challenges while maintaining operational efficiency is a testament to its robust management and governance practices.

As the situation develops, stakeholders will be closely monitoring the outcome of the survey and its potential implications for the company. The transparency and cooperation shown by Brigade Hotel Ventures in this matter are expected to build trust and confidence among investors and regulatory authorities.