Please find attached the 35th Annual Report of the Company for the financial year 2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
UVS Hospitality and Services Ltd (formerly Thirdwave Financial Intermediaries Ltd) has submitted its 35th Annual Report for FY 2024-25 along with the notice for its 35th AGM, scheduled for Tuesday, 30th September 2025 at 11:30 a.m. via Video Conferencing. On a standalone basis, the company swung into a loss of Rs. 564.38 lakhs (compared to a profit of Rs. 4.04 lakhs last year) with EPS of negative Rs. 1.78, while on a consolidated basis it reported a profit of Rs. 1,598.89 lakhs and EPS of Rs. 5.05. No dividend has been declared for FY 2024-25, and paid-up equity share capital rose sharply from Rs. 220.76 lakhs to Rs. 3,581.26 lakhs via preferential allotments and share swap. Three items are on the AGM agenda: adoption of audited financial statements, re-appointment of Mr. Utkarsh Vartak, and appointment of M/s. Hemang Satra & Associates as Secretarial Auditors for a 5-year term.
The sharp swing to a standalone loss and absence of a dividend are negative signals for shareholders, although the consolidated figures indicate underlying group-level profitability. Existing shareholders face significant dilution from the large preferential share issuances during the year, and they should review the financial statements and resolutions before voting at the AGM on 30th September.