Stock Exchange and stakeholders are requested to take on record, Notice of EGM as attached.
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Awaiting price reaction for this filing.
UVS Hospitality and Services Limited has called an Extraordinary General Meeting on 20th March 2026 to seek shareholder approval for four special resolutions. First, the company proposes to increase its authorised share capital from Rs. 40 crore to Rs. 50 crore (5 crore equity shares of Rs. 10 each). Second, it plans to acquire up to 51% stake in Calcio Restaurants Private Limited by issuing 35,02,671 equity shares on a swap basis (non-cash) at Rs. 100 per share, worth about Rs. 35.03 crore, to non-promoter shareholders of Calcio. Third, the company wants to issue 15,83,000 fresh equity shares to non-promoters on a preferential basis for cash at Rs. 100 per share, raising around Rs. 15.83 crore. Fourth, it proposes to issue 31,65,000 convertible warrants to non-promoters at Rs. 100 per warrant, potentially raising up to Rs. 31.65 crore, with 25% payable upfront and the rest on conversion within 18 months. The EGM will be held via video conferencing with a record/cut-off date of 20th February 2026.
If approved, existing shareholders will face significant dilution from multiple preferential allotments and warrants (over 82 lakh new shares/warrants). The Calcio Restaurants acquisition expands the company into the restaurant business via a share swap, and the cash preferential issues and warrants bring in fresh capital but at a heavy dilution cost. The stock could see volatility around the EGM outcome.