UVS Hospitality and Services Limited board reconsidered and reapproved comprehensive strategic expansion initiatives during its meeting held on February 21, 2026. The company confirmed its multi-faceted approach involving strategic acquisition and fund raising totaling Rs. 82.48 crores, marking a significant milestone in its growth trajectory.

Strategic Acquisition Through Share Swap

The board reapproved the acquisition of up to 51% stake in Calcio Restaurants Private Limited through a share swap mechanism. The transaction involves issuing up to 35,02,671 equity shares at Rs. 100.00 per share, including a premium of Rs. 90.00, with a face value of Rs. 10.00 each.

Target Company Profile

Calcio Restaurants Private Limited, incorporated on September 30, 2020, operates in the hotels and restaurants business with its registered office in Mumbai. The company has demonstrated substantial growth trajectory with strong financial performance across multiple years.

The acquisition is expected to be completed within 15 days from shareholder approval and other regulatory clearances. Post-acquisition, Calcio Restaurants will become a subsidiary of UVS Hospitality, enabling consolidation of operations and enhancement of strategic value.

Fund Raising Initiatives

The board reapproved two additional fund raising measures targeting non-promoter investors. The initiatives comprise equity shares issuance and convertible warrants, both priced at Rs. 100.00 per share.

Warrant Conversion Terms

The convertible warrants carry specific terms for conversion into equity shares. Each warrant provides the right to subscribe to one equity share, exercisable within 18 months from the allotment date. Warrant holders can exercise their rights in one or more tranches during this period. Unexercised warrants will lapse after 18 months, with amounts paid standing forfeited.

Corporate Governance

The board constituted a Securities Issue Committee comprising one Executive Director and two Independent Directors. This committee will oversee the entire process of equity share issuance on a preferential basis, including liaison with stock exchanges and appointment of necessary consultants and authorities.

Capital Structure Impact

Upon completion of all approved transactions, the company's paid-up share capital will increase significantly from Rs. 38,13,26,000 to Rs. 42,11,00,710. The strategic initiatives reflect UVS Hospitality's commitment to expanding its presence in the hospitality sector through targeted acquisitions and strengthened capital structure, positioning the company for enhanced operational efficiency and future growth opportunities.

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.

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.

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

Convertible Warrants Issuance

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.

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.