Please find attached the outcome of Allotment Committee Meeting held today.
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Awaiting price reaction for this filing.
UVS Hospitality and Services Ltd has allotted 4,20,000 equity shares (face value Rs. 10) at Rs. 17 per share, including a Rs. 7 premium, following the conversion of an equal number of warrants. The company received Rs. 53.55 lakh as the balance 75% payment from two allottees — Deepa Hurkadli (1,20,000 shares) and Deepak Kumbhar (3,00,000 shares). The warrants were originally allotted on a preferential basis on 15 May 2024 at Rs. 17 per warrant, with 25% paid upfront. After this conversion, the company's paid-up equity capital has risen to Rs. 36.64 crore, comprising 3,66,42,600 equity shares of Rs. 10 each. The newly issued shares will rank equally with existing shares.
This is a routine warrant-to-equity conversion on a small scale, adding about 1.2% to the share count with no new public capital raised. Marginal dilution for existing shareholders, but no significant stock price impact expected.