Please find attached the statement of deviation or variation in the use of proceeds for the quarter ended 31st March, 2026.
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UVS Hospitality and Services Limited has filed a routine compliance statement confirming there is no deviation or variation in the utilization of proceeds from a preferential issue of equity shares and warrants. The funds were raised on 15th May, 2024, comprising Rs. 14.63 Crs from equity shares, Rs. 3.94 Crs from warrants, and Rs. 42.50 Crs from share allotment via swap. The statement, reviewed by the Audit Committee, was filed under SEBI Regulation 32 and confirms the company utilized the funds as originally intended with no changes to the objects or allocation.
No material impact on shareholders. The filing is a standard compliance disclosure confirming proper fund utilization with no deviations, which is a positive indicator of fund management discipline.