UVS Hospitality and Services Limited has announced the strategic expansion of its subsidiary's restaurant operations with the opening of a new outlet at Sky City Mall in Mumbai. The development marks a significant step in the company's growth trajectory and retail presence expansion.

New Outlet Launch Details

British Brewing Company Private Limited, a material subsidiary of UVS Hospitality, has launched a new restaurant outlet under the "British Brewing Company" brand name. The outlet is strategically positioned at a prominent location to maximize customer reach and brand visibility.

Strategic Significance

The company has positioned this launch as a significant milestone in the subsidiary's growth trajectory. The new outlet is expected to serve multiple strategic objectives for the business expansion:

• Strengthening brand visibility in the Mumbai market
• Enhancing customer engagement through improved accessibility
• Expanding footprint in high-potential, high-footfall locations
• Elevating the overall dining experience for guests

Location Advantages

The chosen location at Sky City Mall offers several advantages for the restaurant operation. The mall represents a high-footfall destination, providing significant exposure to potential customers. The company has emphasized that the lively ambience of the location, combined with the thoughtfully designed restaurant outlet, is expected to provide guests with a welcoming and enjoyable atmosphere.

Company Background

UVS Hospitality and Services Limited, formerly known as Thirdwave Financial Intermediaries Ltd, operates in the hospitality sector through its subsidiary operations. The company's registered office is located in Kolkata, West Bengal, while maintaining a corporate office in Mumbai, Maharashtra. The expansion through British Brewing Company Private Limited represents the company's continued focus on strengthening its presence in the restaurant and hospitality segment.

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.