UVS Hospitality And Services Limited, formerly known as Thirdwave Financial Intermediaries Ltd, has announced the successful conversion of 4,20,000 warrants into equity shares, marking a significant corporate action for the company.

Warrant Conversion Details

The Allotment Committee of the Board of Directors approved the conversion on October 24, 2025. Here are the key details of the transaction:

Investor Breakdown

The warrants were converted by two investors:

Impact on Company's Capital Structure

Following this conversion, UVS Hospitality's paid-up capital has increased significantly:

• New Paid-up Capital: Rs. 36,64,26,000.00
• Total Equity Shares: 3,66,42,600 (face value of Rs. 10.00 each)

Background of the Warrant Issue

The warrants were originally issued on a preferential basis at Rs. 17.00 each, with investors paying 25% (Rs. 4.25) upfront. The remaining 75% (Rs. 12.75 per warrant) was due at the time of conversion, which has now been received by the company.

Regulatory Compliance

This allotment was made in accordance with SEBI (ICDR) Regulations, 2018, and has been duly reported to the BSE Limited as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Equity Status

The newly allotted shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights for all shareholders.

This warrant conversion represents a strategic move by UVS Hospitality and Services Limited, potentially strengthening its financial position and offering growth opportunities.

UVS Hospitality And Services Limited (BSE: 531652) has taken a significant step towards expanding its presence in the premium hospitality sector. The company has executed a Term Sheet to acquire a majority stake in Calcio Restaurants Private Limited, a move that promises to diversify UVS Hospitality's portfolio with several well-known premium hospitality brands.

Key Highlights of the Acquisition

• Target Company: Calcio Restaurants Private Limited
• Brands Included: Dragonfly, Shiloh, Not Just Tamasha, Lord of Drinks, Garnet, Club Iguana, and The Flying Saucer (to be renamed Aomi)
• Transaction Status: Term Sheet executed, subject to due diligence and definitive agreements

Transaction Details

According to the disclosure made by UVS Hospitality under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the proposed transaction is contingent upon satisfactory completion of due diligence by both parties. Once finalized, UVS Hospitality will hold a majority stake in Calcio's equity shares.

Strategic Implications

This acquisition marks a significant expansion for UVS Hospitality into the premium restaurant and nightlife segment. The diverse portfolio of brands under Calcio Restaurants includes:

1. Dragonfly
2. Shiloh
3. Not Just Tamasha
4. Lord of Drinks
5. Garnet
6. Club Iguana
7. The Flying Saucer (to be renamed Aomi)

Each of these establishments is known for its unique offerings in the high-end hospitality sector, potentially providing UVS Hospitality with a strong foothold in this lucrative market.

Next Steps

The company has stated that further details of the acquisition will be provided after the share acquisition agreement is executed following the due diligence process. This information will be disclosed as per SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024.

Management Statement

Rashmi Vartak, Managing Director of UVS Hospitality and Services Limited, signed off on the disclosure, underlining the importance of this strategic move for the company.

As the hospitality industry continues to evolve, this acquisition could position UVS Hospitality as a significant player in the premium segment, potentially driving growth and expanding its market presence. Investors and industry observers will be keenly watching the progress of this transaction and its impact on UVS Hospitality's future operations and financial performance.