UVS Hospitality Raises Rs 95.62 Lakh Through Warrant Conversion

UVS Hospitality And Services Limited, formerly known as Thirdwave Financial Intermediaries Ltd, has successfully converted 750,000 warrants into equity shares, raising Rs 95.62 lakh in the process. This corporate action, approved by the company's Allotment Committee, marks a significant step in strengthening its capital structure.

Key Details of the Warrant Conversion

The Allotment Committee approved the conversion of warrants into equity shares with the following specifics:

Particulars	Details
Number of Warrants Converted	750,000
Face Value per Share	Rs 10.00
Issue Price per Share	Rs 17.00 (including a premium of Rs 7.00)
Total Amount Raised	Rs 95,62,500.00

Allotment Breakdown

The warrants were converted by three allottees, each converting an equal number of warrants:

Allottee Name	Warrants Converted	Equity Shares Allotted	Amount Paid (75% of issue price)
Deepak Kharwad	250,000	250,000	Rs 31,87,500.00
Anju Shah	250,000	250,000	Rs 31,87,500.00
Sushila Kharwad	250,000	250,000	Rs 31,87,500.00

Impact on Company's Capital Structure

Following this conversion, UVS Hospitality's capital structure has undergone significant changes:

The paid-up capital of the company has increased to Rs 38.13 crore.
The total number of equity shares now stands at 38,132,600, each with a face value of Rs 10.00.

Background of the Warrant Issue

The warrants were initially issued on a preferential basis at Rs 17.00 per warrant. Allottees paid 25% (Rs 4.25) of the issue price at the time of allotment, with the remaining 75% (Rs 12.75) due at the time of conversion.

Regulatory Compliance

This warrant conversion aligns with the provisions of 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.

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

This corporate action demonstrates UVS Hospitality's commitment to strengthening its financial position. Investors and market watchers may want to keep an eye on how this capital infusion impacts the company's operations and market performance in the coming months.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.12%	-3.89%	-12.32%	-4.72%	-17.97%	+350.65%

UVS Hospitality And Services , a company listed on the Bombay Stock Exchange (BSE), has announced a significant development in its capital structure. The company has allotted 7,40,000 equity shares following the conversion of warrants, a move that strengthens its financial position.

Key Details of the Allotment

The Allotment Committee of the Board of Directors approved the issuance of new equity shares on November 10, 2025. Here are the crucial aspects of this corporate action:

Particulars	Details
Number of Shares Allotted	7,40,000
Face Value per Share	10.00
Issue Price per Share	17.00 (including a premium of 7.00)
Total Amount Raised	1,25,80,000.00
Allottees	Sanjana Madineni, Prathima Madineni, Mallinath Madineni

Warrant Conversion Process

The allotment is the result of converting warrants that were previously issued on a preferential basis. The warrant holders exercised their right to convert these instruments into equity shares by paying the balance 75% of the issue price. The company received Rs. 94.35 lakh as the final payment for this conversion.

Impact on Company's Capital Structure

Following this allotment, UVS Hospitality's capital structure has undergone notable changes:

The paid-up capital has increased to Rs. 37.38 crore
The total number of equity shares now stands at 3,73,82,600

Allotment Details by Investor

Allottee Name	Warrants Converted	Shares Allotted	Amount Paid (Rs.)
Sanjana Madineni	2,00,000	2,00,000	25,50,000.00
Prathima Madineni	2,40,000	2,40,000	30,60,000.00
Mallinath Madineni	3,00,000	3,00,000	38,25,000.00

Implications

This warrant conversion and subsequent equity allotment injects fresh capital into the company. The newly allotted shares will rank pari-passu with the existing equity shares, ensuring equal rights for all shareholders.

As the hospitality sector continues to evolve, such capital infusions can provide companies like UVS Hospitality with financial flexibility. Investors and market watchers may keep a close eye on how UVS Hospitality utilizes this additional capital in the coming quarters.