Please find attached disclosure pursuant to conversion of warrants into equity shares.
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UVS Hospitality and Services Ltd has allotted 1,50,000 equity shares of Rs. 10 face value each at Rs. 17 per share (including Rs. 7 premium) to a single allottee, Utkarsh Vartak. These shares were issued upon conversion of 1,50,000 warrants that were originally allotted on a preferential basis on 15th May 2024. The allottee paid the remaining 75% amount of Rs. 12.75 per warrant, totalling Rs. 19,12,500, to exercise the conversion. Post-allotment, the promoter/promoter group holding of Utkarsh Vartak increased from 1,37,50,000 to 1,39,00,000 equity shares. The company's total paid-up equity capital now stands at Rs. 36,07,26,000 divided into 3,60,72,600 equity shares. The new shares will rank equally with existing shares.
This is a minor preferential warrant-to-equity conversion involving just 1.5 lakh shares (~0.04% increase in share base) to a single existing holder, so the dilution impact and stock price effect are negligible. It does not bring in fresh capital from a new investor, as the warrants were already issued in May 2024.