Please find attached the allotment of equity shares pursuant to conversion of warrants.
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UVS Hospitality And Services Ltd has allotted 4,20,000 equity shares at Rs. 17 each (face value Rs. 10, premium Rs. 7) following the conversion of an equal number of warrants issued on a preferential basis. The company received Rs. 53.55 lakh as the balance 75% payment from warrant holders. The warrants were converted by two allottees — Deepa Hurkadli (1,20,000 shares) and Deepak Kumbhar (3,00,000 shares). After this allotment, the company's paid-up equity capital rises to Rs. 36.64 crore, comprising 3,66,42,600 shares of Rs. 10 each, and the new shares rank equally with existing shares.
This is a pre-scheduled warrant conversion that increases the share count by about 0.1%, resulting in marginal dilution. For shareholders, the impact is minimal as no fresh capital is raised beyond what was already committed; it simply completes the conversion process.