News Earnings UVS Hospitality Board Approves Q3FY26 Results and Rs. 91.00 Crore Fund Raising PlanUVS Hospitality Board Approves Q3FY26 Results and Rs. 91.00 Crore Fund Raising Plan
UVS Hospitality and Services Limited concluded its board meeting on February 14, 2026, approving Q3FY26 standalone and consolidated financial results. The board approved strategic acquisition of 51% stake in Calcio Restaurants Private Limited for Rs. 43.63 crore through share swap and comprehensive fund raising initiative totaling Rs. 47.48 crore through equity shares and convertible warrants to non-promoter investors.
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UVS Hospitality and Services Limited (formerly known as Thirdwave Financial Intermediaries Ltd) has successfully concluded its board meeting held on February 14, 2026, approving quarterly financial results and significant corporate actions under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Q3FY26 Financial Results Approved
The board of directors considered and approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The financial results were reviewed by the Audit Committee along with the Limited Review Report issued by the company's statutory auditors, TDK & Co. Chartered Accountants.
| Financial Parameter: | Status |
|---|---|
| Standalone Results: | Approved for Q3 and 9M FY26 |
| Consolidated Results: | Approved for Q3 and 9M FY26 |
| Audit Committee Review: | Completed |
| Statutory Auditor Report: | Limited Review Report issued |
Strategic Acquisition of Calcio Restaurants
The board approved a significant acquisition through share swap arrangement with Calcio Restaurants Private Limited, a Mumbai-based hospitality company incorporated on September 30, 2020.
| Acquisition Details: | Specifications |
|---|---|
| Target Company: | Calcio Restaurants Private Limited |
| Acquisition Stake: | Up to 51% (5,15,100 equity shares) |
| Transaction Value: | Rs. 43,62,89,281 |
| Shares to be Issued: | 43,62,855 equity shares |
| Issue Price: | Rs. 100.00 per share (including Rs. 90.00 premium) |
| Face Value: | Rs. 10.00 per share |
| Transaction Method: | Share swap (non-cash consideration) |
The target company operates in the hotels and restaurants sector with impressive revenue growth, recording turnover of Rs. 52,03,17,699 in FY25, Rs. 27,84,43,004 in FY24, and Rs. 10,26,39,041 in FY23.
Comprehensive Fund Raising Initiative
The company has approved a substantial fund raising plan totaling Rs. 47,48,00,000 through multiple instruments, all targeted at non-promoter investors.
Equity Share Issuance
| Equity Issue Parameters: | Details |
|---|---|
| Number of Shares: | Up to 15,83,000 equity shares |
| Issue Price: | Rs. 100.00 per share (including Rs. 90.00 premium) |
| Face Value: | Rs. 10.00 per share |
| Total Amount: | Rs. 15,83,00,000 |
| Issue Type: | Preferential allotment to non-promoters |
Convertible Warrants Issuance
| Warrants Parameters: | Details |
|---|---|
| Number of Warrants: | Up to 31,65,000 convertible warrants |
| Issue Price: | Rs. 100.00 per warrant (including Rs. 90.00 premium) |
| Face Value: | Rs. 10.00 per warrant |
| Total Amount: | Rs. 31,65,00,000 |
| Conversion Period: | 18 months from allotment date |
| Conversion Ratio: | One equity share per warrant |
Corporate Governance and Implementation
The board has established a Securities Issue Committee comprising one Executive Director and two Independent Directors to oversee the entire process of equity issuance and allotment. This committee will handle liaison with stock exchanges and appointment of various consultants as required.
| Implementation Timeline: | Details |
|---|---|
| Board Meeting Duration: | 8:00 PM to 8:45 PM |
| Acquisition Completion: | Within 15 days of shareholder approval |
| Required Approvals: | Shareholders and regulatory authorities |
| Committee Formation: | Securities Issue Committee established |
All proposed transactions are subject to approval from shareholders and relevant regulatory authorities including stock exchanges. The company secretary Preeti Goyal (Membership No: A58762) signed the regulatory filings confirming these developments.
Historical Stock Returns for UVS Hospitality And Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.35% | -23.07% | -19.39% | -36.96% | -54.49% | +222.60% |
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