Please find attached the intimation with regards to acquisition of upto 51 percent equity shares of Calcio Restaurants Private Limited via share swap.
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UVS Hospitality's board approved the acquisition of up to 51% equity (5,15,100 shares) in Calcio Restaurants Private Limited, a Mumbai-based hotels and restaurants business with FY25 turnover of Rs. 52.03 crore, through a share swap valued at approximately Rs. 43.63 crore. To fund this, the company will issue up to 43,62,855 equity shares at Rs. 100 each to Calcio's existing shareholders. Additionally, the board approved raising Rs. 15.83 crore via preferential issue of 15,83,000 equity shares at Rs. 100 each to non-promoters, and Rs. 31.65 crore via issue of 31,65,000 convertible warrants at Rs. 100 each. The Q3 FY26 (Dec 2025) standalone and consolidated financial results were also approved.
Post the 51% acquisition, Calcio Restaurants will become a subsidiary, expanding UVS Hospitality's footprint in the restaurants business. Shareholders should note significant equity dilution from the share swap plus two preferential issues, though the share-swap portion is non-cash and targeted at consolidating a revenue-generating hospitality business.