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 7,40,000 equity shares of Rs. 10 face value at Rs. 17 per share (including a Rs. 7 premium) following the conversion of an equal number of warrants that were originally issued on a preferential basis on 15th May 2024. The company received Rs. 94.35 lakh as the balance 75% payment from the warrant holders exercising their conversion right. Three allottees were involved — Sanjana Madineni (2 lakh shares), Prathima Madineni (2.4 lakh shares), and Mallinath Madineni (3 lakh shares). After this allotment, the company's paid-up equity capital stands increased to Rs. 37.38 crore, comprising 3.73 crore equity shares of Rs. 10 each. The new shares will rank pari-passu with existing shares.
This is a routine completion of a previously announced preferential warrant issue — it brings in additional capital (~Rs. 1.26 crore at full conversion value) and slightly expands the share base, leading to minor dilution for existing shareholders. Since the conversion was already expected, the stock price impact is likely to be neutral.