UVS Hospitality issues new equity shares after warrant conversion

UVS Hospitality and Services Limited, formerly Thirdwave Financial Intermediaries Ltd, announced on October 9, 2025, the allotment of 260,000 equity shares following the conversion of an equal number of warrants. These warrants were issued on a preferential basis at an issue price of INR 17/- each. The conversion resulted from the receipt of the balance amount of INR 3,315,000, representing 75% of the issue price per warrant, from the allottee, Babulal Agarwal.

The newly issued equity shares, each with a face value of INR 10/- and an issue price of INR 17/- (including a premium of INR 7/-), will rank pari-passu with existing equity shares. This conversion increases the company's issued and paid-up capital to INR 358,126,000, comprising 36,072,600 equity shares of INR 10/- each.