Please find attached the intimation with respect to Allotment of equity shares pursuant to conversion of warrants.
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UVS Hospitality and Services Ltd has allotted 7,50,000 equity shares at Rs. 17 each (face value Rs. 10, premium Rs. 7) following the conversion of 7,50,000 warrants issued on a preferential basis. Three allottees — Deepak Kharwad, Anju Shah, and Sushila Kharwad — each received 2,50,000 shares, paying the balance 75% amount of Rs. 12.75 per warrant, totalling Rs. 95.62 lakh. With this conversion, the company's paid-up capital has risen to Rs. 38.13 crore, comprising 3,81,32,600 equity shares. The new shares will rank equally with existing shares.
This is a routine warrant-to-equity conversion with no fresh capital inflow beyond what was already committed. Minor dilution occurs as 7.5 lakh new shares are added to the equity base, but it strengthens the share capital base. No material impact on stock price expected from this disclosure alone.