UVS Hospitality boosts capital with warrant-to-equity conversion

UVS Hospitality and Services Limited announced on October 18, 2025, the allotment of 150,000 equity shares to Utkarsh Vartak following the conversion of previously issued warrants. These shares, with a face value of INR 10 each, were issued at a price of INR 17 per share, including an INR 7 premium. This conversion stems from 150,000 warrants initially issued at INR 17 each on a preferential basis, with the balance amount of INR 1,912,500 received.

The allotment committee of the board approved this conversion. It follows an initial payment of INR 4.25 per warrant (25% of the issue price) at the time of subscription, with the remaining 75% paid upon conversion. As a result, the company’s issued and paid-up capital has increased to INR 360,726,000, comprising 36,222,600 equity shares of INR 10 each. The new equity shares will rank pari-passu with existing equity shares.