Vikram Kamats Hospitality Limited has completed the allotment of 1,54,000 equity shares to its promoter entity following warrant conversion, as approved by the Allotment Committee on March 2, 2026. Subsequently, Kamats Worldwide Food Services Private Limited filed the mandatory disclosure under SEBI regulations.

Warrant Conversion Details

The company's Allotment Committee approved the conversion of 1,54,000 warrants into an equal number of equity shares for Kamats Worldwide Food Services Private Limited. Each warrant was convertible into one equity share of face value ₹10.00 at an issue price of ₹74.00, inclusive of a premium of ₹64.00. The allottee paid the balance warrant exercise price of ₹51.80 per warrant, totaling ₹79,77,200.

SEBI Regulatory Disclosure

Following the acquisition, Kamats Worldwide Food Services Private Limited filed a disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was signed by Dr. Vikram V. Kamat, Director (DIN: 00556284), and submitted to BSE Limited on March 2, 2026.

Shareholding Impact

The conversion resulted in changes to the promoter's shareholding pattern. Kamats Worldwide Food Services Private Limited's equity holding increased from 37,84,500 shares to 39,38,500 shares, raising its ownership percentage from 22.09% to 22.78%. The entity maintains 3,86,541 outstanding warrants for potential future conversion.

Capital Structure Changes

Following the allotment, the company's paid-up equity share capital increased from ₹17,13,58,650 to ₹17,28,98,650. The total number of equity shares outstanding rose from 1,71,35,865 to 1,72,89,865 shares, each with a face value of ₹10.00. The newly allotted equity shares rank pari passu with existing equity shares in all respects.

Vikram Kamats Hospitality has announced the commencement of operations at its new hotel, VITS Select Nashik, marking a significant milestone in the company's expansion strategy in Maharashtra. The hotel is operated under the company's material subsidiary, Vitizen Hotels Limited, which had previously secured a long-term lease for the property.

Hotel Operations and Specifications

VITS Select Nashik has officially commenced operations at Survey No. 233/1, Plot No. 4, Panchavati, Rasbihari-Meri Link Road, Nashik. The hotel currently features 24 rooms across multiple categories and is strategically positioned to serve religious, business, corporate, and tourist travelers.

Strategic Location and Connectivity

The hotel's location in Panchavati offers excellent connectivity to key transportation hubs and tourist destinations. The property is strategically positioned to capitalize on Nashik's significance as both a commercial and religious center.

Facilities and Amenities

VITS Select Nashik offers comprehensive hospitality services designed to deliver a smart, comfortable, and value-based experience. The hotel features the group's signature Elite Restaurant, serving Indian, South Indian, Italian, Continental, and Chinese cuisines. Additional amenities include 24-hour power backup, 24-hour hot water, Wi-Fi connectivity, doctor-on-call facility, laundry services, and parking facilities.

Business Impact and Growth Strategy

The commencement of operations at VITS Select Nashik strengthens the VITS brand presence in Maharashtra and supports the company's expansion strategy across key commercial and religious centers in the state. This development represents the materialization of Vikram Kamats Hospitality's earlier announced expansion plans, with operations beginning ahead of the initially projected timeline.

The hotel's operational launch is expected to contribute positively to the company's consolidated revenue and reinforces its commitment to expanding its hospitality portfolio in strategic tier-2 city locations across India.