Kamats Worldwide Food Services Increases Stake in Vikram Kamats Hospitality to 23.77%

Kamats Worldwide Food Services Private Limited has acquired additional shares in vikram kamats hospitality Limited, increasing its stake through a preferential allotment transaction completed on 15th April, 2026.

Acquisition Details

The company acquired 3,86,541 shares through preferential allotment, representing 2.12% of the total share capital. This acquisition increased Kamats Worldwide's total shareholding from 22.59% to 23.77% in the target company.

Parameter	Before Acquisition	After Acquisition	Change
Shares Held	39,38,500	43,25,041	+3,86,541
Shareholding %	22.59%	23.77%	+1.18%
Total Voting Capital %	21.59%	23.77%	+2.18%

Company Structure and Promoter Group

Kamats Worldwide Food Services Private Limited, formerly known as Conwy Hospitality Private Limited, operates as a promoter entity in this transaction. The persons acting in concert include:

Dr. Vikram V. Kamat
Dr. Vidhi V. Kamat
Vits Hotels Worldwide Private Limited

The target company, Vikram Kamats Hospitality Limited (formerly Vidli Restaurants Limited), is listed on the Bombay Stock Exchange Limited.

Share Capital Changes

The preferential allotment resulted in changes to the equity share capital structure of Vikram Kamats Hospitality Limited:

Metric	Before Acquisition	After Acquisition
Equity Share Capital	Rs. 17,43,38,650	Rs. 18,19,91,900
Number of Shares	1,74,33,865	1,81,99,190
Face Value per Share	Rs. 10	Rs. 10

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was signed and authorized by Dr. Vikram V. Kamat, Director with DIN 00556284, on 16th April, 2026.

Prior to this acquisition, the acquirer held 3,86,541 warrants or convertible securities, which represented 2.12% of the diluted share capital. Following the preferential allotment, these instruments appear to have been converted into equity shares, with no remaining warrants or convertible securities in the acquirer's portfolio.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.23%	-7.06%	+15.06%	-25.80%	-28.84%	+700.86%

Vikram Kamats Hospitality Limited has completed a significant warrant conversion exercise while simultaneously reporting the lapse of 45,270 warrants held by a non-promoter entity. The Allotment Committee of the Board of Directors addressed both developments at its meeting held on April 15, 2026.

Major Warrant Conversion Completed

The company successfully allotted 7,65,325 equity shares to four allottees following the conversion of warrants. The allottees paid the balance 70% of the subscription money as the warrant exercise price to complete the conversion process.

Parameter:	Details
Total Warrants Converted:	7,65,325
Total Equity Shares Allotted:	7,65,325
Face Value per Share:	₹10
Issue Price per Warrant:	₹74 (including premium of ₹64)
Warrant Exercise Price:	₹51.80 per warrant (70% of issue price)
Total Amount Received:	₹3,96,43,835

Allottee-wise Distribution

The warrant conversion involved four entities across promoter and non-promoter categories, significantly altering the company's shareholding pattern.

Name of Allottee:	Category	Warrants Converted	Post-Conversion Holdings	Shareholding %
Dr. Vikram V. Kamat:	Promoter	1,20,000	15,40,541	8.46%
Kamats Worldwide Food Services Pvt Ltd:	Promoter/Body Corporate	3,86,541	43,25,041	23.77%
Nabs Vridhii LLP:	Body Corporate/Non-Promoter	2,25,000	3,60,135	1.98%
Kamal Singh Kathotia HUF:	Public - Hindu Undivided Family	33,784	67,568	0.37%

Warrant Lapse and Forfeiture Details

The company disclosed that 45,270 warrants held by Nabs Vridhii LLP failed to be converted within the stipulated 18-month period from the original allotment date of October 16, 2024. Under SEBI regulations, these warrants have lapsed with forfeiture of the upfront subscription amount.

Warrant Lapse Details:	Information
Allottee Name:	Nabs Vridhii LLP
Category:	Non-Promoter
Total Warrants Allotted:	2,70,270
Warrants Converted:	2,25,000
Warrants Lapsed:	45,270
Forfeited Amount:	₹10,04,994
Forfeiture Rate:	30% of issue price

Impact on Capital Structure

The warrant conversion resulted in a substantial increase in the company's paid-up equity share capital, while the warrant lapse had no impact on the capital structure.

Capital Structure:	Before Allotment	After Allotment
Paid-Up Capital:	₹17,43,38,650	₹18,19,91,900
Number of Shares:	1,74,33,865	1,81,99,190
Capital Increase:	-	₹76,53,250

The original warrants were allotted on a preferential basis at ₹74 per warrant, entitling holders to convert them into equity shares within 18 months. The newly allotted equity shares rank pari passu with existing equity shares. The Allotment Committee approved both the successful conversions and the lapse of unconverted warrants in compliance with SEBI regulations.