UVS Hospitality and Services Limited has announced the resignation of Mrs. Uma Rani Patil from her position as Independent Director, effective January 22, 2026. The resignation was submitted due to health-related personal reasons, marking a change in the company's board composition.

Resignation Details

Mrs. Uma Rani Patil (DIN: 10963796) tendered her resignation through an email dated January 22, 2026, citing health-related personal reasons as the primary factor for her departure. In her resignation letter, she mentioned that she has been keeping ill with prolonged treatments and is not in a position to complete her tenure.

The key details of the resignation are presented below:

Board Committee Impact

Consequent to her resignation, Mrs. Patil also ceases to be a member of various committees where she served as a member. The company has not specified the exact committees affected by her departure in the regulatory filing.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Patil has confirmed that there are no other material reasons for her resignation apart from the health issues mentioned.

The regulatory disclosure includes the following confirmations:

• No other material reasons exist beyond health-related personal reasons
• No outstanding compliance or related matters at her end
• Proper regulatory filings and disclosures will be made as required under applicable laws

Company Information

UVS Hospitality and Services Limited, formerly known as Thirdwave Financial Intermediaries Ltd, operates with its registered office in Kolkata, West Bengal, and corporate office in Mumbai, Maharashtra. The announcement was signed by Managing Director Rashmi Vartak (DIN: 10259700) on behalf of the company.

The resignation represents a routine corporate governance matter, with the company ensuring full compliance with regulatory requirements and transparency in its board composition changes.

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:

Allotment Breakdown

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

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.